Retail sale price valuation applied to specified packaged tobacco and nicotine products, governing GST valuation and tariff interpretation. The amendment adds a clause making valuation for supplies of specified packaged goods - pan masala; various unmanufactured and manufactured tobacco products; cigars, cigarettes and substitutes; and inhalation products containing tobacco or nicotine substitutes - governed by the declared retail sale price. It defines retail sale price as the maximum price on the package payable by the ultimate consumer inclusive of all taxes, addresses multiple or altered declared prices and area-specific prices, and adopts the First Schedule to the Customs Tariff Act, 1975 for tariff interpretation. The amendment is effective from 1 February 2026.
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Provisions expressly mentioned in the judgment/order text.
Retail sale price valuation applied to specified packaged tobacco and nicotine products, governing GST valuation and tariff interpretation.
The amendment adds a clause making valuation for supplies of specified packaged goods - pan masala; various unmanufactured and manufactured tobacco products; cigars, cigarettes and substitutes; and inhalation products containing tobacco or nicotine substitutes - governed by the declared retail sale price. It defines retail sale price as the maximum price on the package payable by the ultimate consumer inclusive of all taxes, addresses multiple or altered declared prices and area-specific prices, and adopts the First Schedule to the Customs Tariff Act, 1975 for tariff interpretation. The amendment is effective from 1 February 2026.
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