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CMA Final · Indirect Tax Laws and Practice · Valuation under GST

Which of the following goods is covered by the retail sale price based valuation under Rule 31D of the CGST Rules, 2017?

Pan masala under tariff item 2106 90 20 is covered. Rule 31D lists it along with cigarettes and certain tobacco products, while biris under 2403 and tobacco leaves under 2401 are expressly excluded, and biscuits are not listed at all.

  1. APan masala falling under tariff item 2106 90 20Correct
  2. BPackaged biscuits sold in retail packs
  3. CBiris falling under heading 2403
  4. DTobacco leaves falling under heading 2401

Explanation

Rule 31D lists pan masala (2106 90 20) at serial 1. Biris are expressly excluded from heading 2403 and tobacco leaves are excluded from heading 2401. Packaged biscuits are not in the table.

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