Retail sale price valuation for tobacco and pan masala goods expands under the Jammu and Kashmir GST notification amendment. Insertion of an additional valuation clause under the Jammu and Kashmir GST notification to cover specified goods bearing a declared retail sale price, including pan masala, unmanufactured tobacco and tobacco refuse, cigars and cigarettes, other manufactured tobacco and tobacco substitutes, and products containing tobacco or nicotine substitutes intended for inhalation without combustion. The clause treats the declared retail sale price as the basis for valuation and defines how multiple, altered, or area-specific retail sale prices are to be applied, while linking tariff classification terms to the Customs Tariff Act, 1975.
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Provisions expressly mentioned in the judgment/order text.
Retail sale price valuation for tobacco and pan masala goods expands under the Jammu and Kashmir GST notification amendment.
Insertion of an additional valuation clause under the Jammu and Kashmir GST notification to cover specified goods bearing a declared retail sale price, including pan masala, unmanufactured tobacco and tobacco refuse, cigars and cigarettes, other manufactured tobacco and tobacco substitutes, and products containing tobacco or nicotine substitutes intended for inhalation without combustion. The clause treats the declared retail sale price as the basis for valuation and defines how multiple, altered, or area-specific retail sale prices are to be applied, while linking tariff classification terms to the Customs Tariff Act, 1975.
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