Retail sale price valuation mandated for specified tobacco and related packaged goods, using declared maximum retail sale price for GST valuation. Amendment requires valuation of specified packaged goods by reference to the declared retail sale price on the package, treating the maximum of multiple printed prices, any altered increased price as operative, and area specific printed prices as applicable to supplies in those areas; it defines retail sale price to include all taxes and adopts First Schedule Customs Tariff interpretative rules for tariff classification, and sets a commencement date for the valuation rule.
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 mandated for specified tobacco and related packaged goods, using declared maximum retail sale price for GST valuation.
Amendment requires valuation of specified packaged goods by reference to the declared retail sale price on the package, treating the maximum of multiple printed prices, any altered increased price as operative, and area specific printed prices as applicable to supplies in those areas; it defines retail sale price to include all taxes and adopts First Schedule Customs Tariff interpretative rules for tariff classification, and sets a commencement date for the valuation rule.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
