Valuation of specified tobacco and nicotine products: retail sale price declared becomes basis for taxable value under amendment An amendment adds a clause treating supplies of specified tobacco and nicotine-related goods as valuated on the basis of the retail sale price declared on packaged goods; it lists the covered goods, defines retail sale price (including multiple prices, altered prices, and area-specific prices), and adopts interpretation rules of the First Schedule to the Customs Tariff Act for tariff terms.
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Valuation of specified tobacco and nicotine products: retail sale price declared becomes basis for taxable value under amendment
An amendment adds a clause treating supplies of specified tobacco and nicotine-related goods as valuated on the basis of the retail sale price declared on packaged goods; it lists the covered goods, defines retail sale price (including multiple prices, altered prices, and area-specific prices), and adopts interpretation rules of the First Schedule to the Customs Tariff Act for tariff terms.
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