1. The value on which Tax shall be levied on tobacco shall be determined in accordance with the Supreme Council’s decision in its 36th session, or any subsequent decisions of the Supreme Council in this regard.
2. The value on which Tax shall be levied on the remaining Excise Goods shall be determined on the basis of their retail sale price provided by the importer or producer of the Excise Goods, or in accordance with a standard price list to be periodically agreed upon by the GCC Tax Administrations, whichever is higher.
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