Retail sale price valuation extended to specified tobacco and nicotine products, shaping GST valuation and packaging price declarations. The notification adds a clause deeming supplies of specified goods (pan masala; unmanufactured tobacco and tobacco refuse; cigars, cheroots, cigarillos and cigarettes; other manufactured tobacco and substitutes; products for inhalation without combustion containing tobacco or nicotine substitutes) where a retail sale price is declared on packaged goods to be valued for GST using that declared retail sale price. It prescribes that the maximum declared packaged price is the retail sale price where multiple prices exist, that an increased declared price at any stage is deemed the retail sale price, and that area specific declared prices apply to supplies in those areas, applying Customs Tariff First Schedule interpretation rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Retail sale price valuation extended to specified tobacco and nicotine products, shaping GST valuation and packaging price declarations.
The notification adds a clause deeming supplies of specified goods (pan masala; unmanufactured tobacco and tobacco refuse; cigars, cheroots, cigarillos and cigarettes; other manufactured tobacco and substitutes; products for inhalation without combustion containing tobacco or nicotine substitutes) where a retail sale price is declared on packaged goods to be valued for GST using that declared retail sale price. It prescribes that the maximum declared packaged price is the retail sale price where multiple prices exist, that an increased declared price at any stage is deemed the retail sale price, and that area specific declared prices apply to supplies in those areas, applying Customs Tariff First Schedule interpretation rules.
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