Court Clarifies Rule 32(5) CGST: Second-Hand Goods Valuation for Paintings, Jewelry, and More, Excluding Items 7 & 8.

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....Determination of value of second hand goods - Applicability of Rule 32(5) of CGST Rules,2017 - sale of Paintings bought from individual collectors and connoisseur - Antique jewellery, watches and books - Collectibles and Memorabilia - The appellant is eligible to take benefit of rule 32(5) for the products in TABLE 1 placed by them before us except items placed at 7 & 8.....