AdditionHigh ImpactCGST_ACT_2017
Official PDF (p. 5)CGST_ACT_2017 · Section 15(5) & Rule 31D
Valuation of Specified Goods (Pan Masala & Tobacco) on Retail Sale Price (RSP) Basis
Applicable from 2026-12
Attempt Applicability
2026-06:Excluded
2026-12:Applies
Statutory Comparison
Prior PositionPre-amendment
Valuation was governed exclusively by Section 15(1) transaction value, leading to severe under-invoicing of sin goods.
New PositionAmended
Section 15(5) and Rule 31D introduce mandatory deemed valuation based on declared Retail Sale Price (RSP) w.e.f. 01-02-2026: 28% of RSP for Pan Masala (Heading 2106 90 20) and 35% of RSP for Tobacco Products (Heading 2404 11 00).
Affected Syllabus Chapters
indirect-tax-laws-and-practice
valuation-advanced
Code: valuation-advanced
Authority Document Reference
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