diff --git a/src/app.module.ts b/src/app.module.ts
index 8710228..80aa6cf 100644
--- a/src/app.module.ts
+++ b/src/app.module.ts
@@ -1,4 +1,5 @@
 import { CheckoutModule } from './checkout/checkout.module';
+import { OperationsModule } from './operations/operations.module';
 import { CatalogModule } from './catalog/catalog.module';
 import { AddressesModule } from './addresses/addresses.module';
 import { InventoryModule } from './inventory/inventory.module';
@@ -16,6 +17,7 @@ import { HealthModule } from './health/health.module';
     AddressesModule,
     InventoryModule,
     CheckoutModule,
+    OperationsModule,
   ],
 })
 export class AppModule {}
diff --git a/src/checkout/checkout.store.ts b/src/checkout/checkout.store.ts
index 90593fb..4890caf 100644
--- a/src/checkout/checkout.store.ts
+++ b/src/checkout/checkout.store.ts
@@ -8,6 +8,7 @@ import type { CheckoutInput } from './checkout.schemas';
 import { checkoutSnapshot } from './checkout-snapshot';
 import { holdOrderStock } from './stock-allocation';
 import { orderView } from './order-view';
+import { snapshotPrice } from '../pricing/snapshot-price';
 
 @Injectable()
 export class CheckoutStore {
@@ -29,7 +30,7 @@ export class CheckoutStore {
             idempotencyKey: input.idempotencyKey,
           },
         },
-        include: { lines: true },
+        include: { lines: true, pricing: true },
       });
       if (previous) {
         assertReplay(previous.requestHash, requestHash);
@@ -66,6 +67,7 @@ export class CheckoutStore {
         include: { lines: true },
       });
       await holdOrderStock(tx, actor, order.id, expiresAt, lines);
+      const pricing = await snapshotPrice(tx, order);
       await tx.cartLine.deleteMany({ where: { cartId } });
       await tx.cart.update({
         where: { id: cartId },
@@ -78,7 +80,7 @@ export class CheckoutStore {
         'order.created',
         order.id,
       );
-      return orderView(order);
+      return orderView({ ...order, pricing });
     });
   }
 }
diff --git a/src/checkout/order-view.ts b/src/checkout/order-view.ts
index 5ed7d3e..73d451f 100644
--- a/src/checkout/order-view.ts
+++ b/src/checkout/order-view.ts
@@ -1,10 +1,16 @@
-import type { Order, OrderLine } from '../generated/prisma/client';
+import type {
+  Order,
+  OrderLine,
+  OrderPricing,
+} from '../generated/prisma/client';
 export function orderStatus(order: Pick<Order, 'status' | 'expiresAt'>) {
   return order.status === 'PENDING_PAYMENT' && order.expiresAt <= new Date()
     ? 'EXPIRED'
     : order.status;
 }
-export function orderView(order: Order & { lines: OrderLine[] }) {
+export function orderView(
+  order: Order & { lines: OrderLine[]; pricing?: OrderPricing | null },
+) {
   return {
     id: order.id,
     status: orderStatus(order),
@@ -12,10 +18,18 @@ export function orderView(order: Order & { lines: OrderLine[] }) {
     subtotal: order.subtotal,
     discount: order.discount,
     merchandiseTotal: order.merchandiseTotal,
-    pricingStatus: 'UNFINALIZED',
-    taxTotal: null,
-    shippingTotal: null,
-    payableTotal: null,
+    pricingStatus: order.pricing ? 'FINALIZED' : 'UNFINALIZED',
+    taxTotal: order.pricing?.taxTotal ?? null,
+    shippingTotal: order.pricing?.shippingNet ?? null,
+    payableTotal: order.pricing?.payableTotal ?? null,
+    pricing: order.pricing
+      ? {
+          policyId: order.pricing.policyId,
+          policy: order.pricing.policySnapshot,
+          merchandiseTax: order.pricing.merchandiseTax,
+          shippingTax: order.pricing.shippingTax,
+        }
+      : null,
     paymentAvailable: false,
     address: order.addressSnapshot,
     coupon: order.couponSnapshot,
diff --git a/src/checkout/order.store.ts b/src/checkout/order.store.ts
index d880975..48e7cec 100644
--- a/src/checkout/order.store.ts
+++ b/src/checkout/order.store.ts
@@ -50,7 +50,7 @@ export class OrderStore {
         organizationId: actor.organizationId,
         ...(!staff ? { userId: actor.userId } : {}),
       },
-      include: { lines: { orderBy: { variantId: 'asc' } } },
+      include: { lines: { orderBy: { variantId: 'asc' } }, pricing: true },
     });
     if (!order) throw new AppError('ORDER_NOT_FOUND');
     return orderView(order);
@@ -68,6 +68,7 @@ export class OrderStore {
           },
           include: {
             lines: true,
+            pricing: true,
             reservations: { orderBy: { stockItemId: 'asc' } },
           },
         });
@@ -82,7 +83,7 @@ export class OrderStore {
         const updated = await tx.order.update({
           where: { id },
           data: { status: 'CANCELLED' },
-          include: { lines: true },
+          include: { lines: true, pricing: true },
         });
         await recordAudit(
           tx,
diff --git a/src/identity/permissions.ts b/src/identity/permissions.ts
index febcbd0..62a63c1 100644
--- a/src/identity/permissions.ts
+++ b/src/identity/permissions.ts
@@ -1,4 +1,7 @@
 export const PERMISSIONS = [
+  'pricing.manage',
+  'operations.read',
+  'notifications.retry',
   'coupons.manage',
   'orders.read',
   'orders.manage',
diff --git a/src/operations/operations.module.ts b/src/operations/operations.module.ts
new file mode 100644
index 0000000..9638100
--- /dev/null
+++ b/src/operations/operations.module.ts
@@ -0,0 +1,11 @@
+import { Module } from '@nestjs/common';
+import { DatabaseModule } from '../database/database.module';
+import { IdentityModule } from '../identity/identity.module';
+import { PricingController } from '../pricing/pricing.controller';
+import { PricingStore } from '../pricing/pricing.store';
+@Module({
+  imports: [DatabaseModule, IdentityModule],
+  controllers: [PricingController],
+  providers: [PricingStore],
+})
+export class OperationsModule {}
diff --git a/src/pricing/pricing.controller.ts b/src/pricing/pricing.controller.ts
new file mode 100644
index 0000000..c650042
--- /dev/null
+++ b/src/pricing/pricing.controller.ts
@@ -0,0 +1,50 @@
+import {
+  Body,
+  Controller,
+  Get,
+  Param,
+  ParseUUIDPipe,
+  Patch,
+  Post,
+  Query,
+} from '@nestjs/common';
+import {
+  CurrentPrincipal,
+  RequirePermission,
+} from '../identity/access.decorator';
+import type { Principal } from '../identity/identity.types';
+import { SchemaPipe } from '../common/validation.pipe';
+import { pageSchema, type PageInput } from '../identity/identity.schemas';
+import {
+  pricingSchema,
+  pricingStatusSchema,
+  type PricingInput,
+} from './pricing.schema';
+import { PricingStore } from './pricing.store';
+@Controller('admin/pricing-policies')
+@RequirePermission('pricing.manage')
+export class PricingController {
+  constructor(private readonly pricing: PricingStore) {}
+  @Get()
+  list(
+    @CurrentPrincipal() actor: Principal,
+    @Query(new SchemaPipe(pageSchema)) page: PageInput,
+  ) {
+    return this.pricing.list(actor, page);
+  }
+  @Post()
+  create(
+    @CurrentPrincipal() actor: Principal,
+    @Body(new SchemaPipe(pricingSchema)) input: PricingInput,
+  ) {
+    return this.pricing.create(actor, input);
+  }
+  @Patch(':id/status')
+  status(
+    @CurrentPrincipal() actor: Principal,
+    @Param('id', ParseUUIDPipe) id: string,
+    @Body(new SchemaPipe(pricingStatusSchema)) input: { active: boolean },
+  ) {
+    return this.pricing.status(actor, id, input.active);
+  }
+}
diff --git a/src/pricing/pricing.policy.ts b/src/pricing/pricing.policy.ts
new file mode 100644
index 0000000..3b1ba80
--- /dev/null
+++ b/src/pricing/pricing.policy.ts
@@ -0,0 +1,42 @@
+import { decimal, minor } from '../checkout/money';
+export type PriceRule = {
+  taxMode: 'INCLUSIVE' | 'EXCLUSIVE';
+  merchandiseTaxBps: number;
+  shippingTaxBps: number;
+  shippingFee: string;
+  freeShippingMinimum: string | null;
+};
+function roundRatio(amount: bigint, numerator: number, denominator: number) {
+  return (
+    (amount * BigInt(numerator) + BigInt(denominator) / 2n) /
+    BigInt(denominator)
+  );
+}
+export function calculatePrice(merchandiseTotal: string, rule: PriceRule) {
+  const merchandise = minor(merchandiseTotal);
+  const taxDivisor =
+    rule.taxMode === 'INCLUSIVE' ? 10000 + rule.merchandiseTaxBps : 10000;
+  const merchandiseTax = roundRatio(
+    merchandise,
+    rule.merchandiseTaxBps,
+    taxDivisor,
+  );
+  const shippingNet =
+    rule.freeShippingMinimum !== null &&
+    merchandise >= minor(rule.freeShippingMinimum)
+      ? 0n
+      : minor(rule.shippingFee);
+  const shippingTax = roundRatio(shippingNet, rule.shippingTaxBps, 10000);
+  const payable =
+    merchandise +
+    shippingNet +
+    shippingTax +
+    (rule.taxMode === 'EXCLUSIVE' ? merchandiseTax : 0n);
+  return {
+    merchandiseTax: decimal(merchandiseTax),
+    shippingNet: decimal(shippingNet),
+    shippingTax: decimal(shippingTax),
+    taxTotal: decimal(merchandiseTax + shippingTax),
+    payableTotal: decimal(payable),
+  };
+}
diff --git a/src/pricing/pricing.schema.ts b/src/pricing/pricing.schema.ts
new file mode 100644
index 0000000..dbf98ac
--- /dev/null
+++ b/src/pricing/pricing.schema.ts
@@ -0,0 +1,25 @@
+import { z } from 'zod';
+import { text } from '../common/input';
+import { CURRENCIES } from '../common/currency';
+const money = z.string().regex(/^(0|[1-9]\d{0,9})\.\d{2}$/);
+export const pricingSchema = z
+  .object({
+    name: text(100),
+    currency: z.enum(CURRENCIES),
+    countryCode: z
+      .string()
+      .trim()
+      .toUpperCase()
+      .regex(/^[A-Z]{2}$/),
+    region: text(100, 0)
+      .transform((value) => value.toUpperCase())
+      .default(''),
+    taxMode: z.enum(['INCLUSIVE', 'EXCLUSIVE']),
+    merchandiseTaxBps: z.number().int().min(0).max(10000),
+    shippingFee: money,
+    shippingTaxBps: z.number().int().min(0).max(10000),
+    freeShippingMinimum: money.nullable().default(null),
+  })
+  .strict();
+export const pricingStatusSchema = z.object({ active: z.boolean() }).strict();
+export type PricingInput = z.infer<typeof pricingSchema>;
diff --git a/src/pricing/pricing.store.ts b/src/pricing/pricing.store.ts
new file mode 100644
index 0000000..ffc5c42
--- /dev/null
+++ b/src/pricing/pricing.store.ts
@@ -0,0 +1,69 @@
+import { Injectable } from '@nestjs/common';
+import { AccessStore } from '../identity/access.store';
+import { DatabaseService } from '../database/database.service';
+import type { Principal } from '../identity/identity.types';
+import { recordAudit } from '../identity/audit';
+import { AppError } from '../common/errors/app-error';
+import type { PageInput } from '../identity/identity.schemas';
+import type { PricingInput } from './pricing.schema';
+@Injectable()
+export class PricingStore {
+  constructor(
+    private readonly db: DatabaseService,
+    private readonly access: AccessStore,
+  ) {}
+  list(actor: Principal, page: PageInput) {
+    return this.db.pricingPolicy.findMany({
+      where: { organizationId: actor.organizationId },
+      take: page.limit,
+      skip: page.offset,
+      orderBy: [{ createdAt: 'desc' }, { id: 'desc' }],
+    });
+  }
+  create(actor: Principal, input: PricingInput) {
+    return this.access.mutate(actor, 'pricing.manage', async (tx) => {
+      const policy = await tx.pricingPolicy.create({
+        data: { ...input, organizationId: actor.organizationId },
+      });
+      await recordAudit(
+        tx,
+        actor.organizationId,
+        actor.userId,
+        'pricing.created',
+        policy.id,
+      );
+      return policy;
+    });
+  }
+  status(actor: Principal, id: string, active: boolean) {
+    return this.access.mutate(actor, 'pricing.manage', async (tx) => {
+      const row = await tx.pricingPolicy.findFirst({
+        where: { id, organizationId: actor.organizationId },
+      });
+      if (!row) throw new AppError('PRICING_POLICY_NOT_FOUND');
+      if (active)
+        await tx.pricingPolicy.updateMany({
+          where: {
+            organizationId: actor.organizationId,
+            currency: row.currency,
+            countryCode: row.countryCode,
+            region: row.region,
+            active: true,
+          },
+          data: { active: false },
+        });
+      const updated = await tx.pricingPolicy.update({
+        where: { id },
+        data: { active },
+      });
+      await recordAudit(
+        tx,
+        actor.organizationId,
+        actor.userId,
+        'pricing.status.changed',
+        id,
+      );
+      return updated;
+    });
+  }
+}
diff --git a/src/pricing/snapshot-price.ts b/src/pricing/snapshot-price.ts
new file mode 100644
index 0000000..f09cda4
--- /dev/null
+++ b/src/pricing/snapshot-price.ts
@@ -0,0 +1,45 @@
+import type { Order, Prisma } from '../generated/prisma/client';
+import { calculatePrice } from './pricing.policy';
+
+export async function snapshotPrice(
+  tx: Prisma.TransactionClient,
+  order: Order,
+) {
+  const address = order.addressSnapshot as {
+    countryCode: string;
+    region: string;
+  };
+  const policy = await tx.pricingPolicy.findFirst({
+    where: {
+      organizationId: order.organizationId,
+      currency: order.currency,
+      active: true,
+      countryCode: address.countryCode,
+      region: { in: ['', address.region.toUpperCase()] },
+    },
+    orderBy: { region: 'desc' },
+  });
+  if (!policy) return null;
+  const rule = {
+    taxMode: policy.taxMode,
+    merchandiseTaxBps: policy.merchandiseTaxBps,
+    shippingFee: policy.shippingFee.toString(),
+    shippingTaxBps: policy.shippingTaxBps,
+    freeShippingMinimum: policy.freeShippingMinimum?.toString() ?? null,
+  };
+  return tx.orderPricing.create({
+    data: {
+      orderId: order.id,
+      organizationId: order.organizationId,
+      policyId: policy.id,
+      policySnapshot: {
+        ...rule,
+        name: policy.name,
+        countryCode: policy.countryCode,
+        region: policy.region,
+        currency: policy.currency,
+      },
+      ...calculatePrice(order.merchandiseTotal.toString(), rule),
+    },
+  });
+}
diff --git a/test/helpers/pricing.ts b/test/helpers/pricing.ts
new file mode 100644
index 0000000..7f7e838
--- /dev/null
+++ b/test/helpers/pricing.ts
@@ -0,0 +1,35 @@
+import { randomUUID } from 'node:crypto';
+import type { IdentityApp } from './identity-app';
+export function pricingInput() {
+  // Synthetic test rules; these are not Mani Candles tax or shipping settings.
+  return {
+    name: 'Test-' + randomUUID(),
+    currency: 'INR',
+    countryCode: 'IN',
+    region: '',
+    taxMode: 'EXCLUSIVE',
+    merchandiseTaxBps: 1800,
+    shippingFee: '50.00',
+    shippingTaxBps: 1800,
+    freeShippingMinimum: null,
+  };
+}
+export async function activatePricing(
+  ctx: IdentityApp,
+  changes: Record<string, unknown> = {},
+) {
+  const policy = await ctx
+    .api()
+    .post('/api/v1/admin/pricing-policies')
+    .auth(ctx.token, { type: 'bearer' })
+    .send({ ...pricingInput(), ...changes })
+    .expect(201);
+  expect(policy.body.active).toBe(false);
+  await ctx
+    .api()
+    .patch('/api/v1/admin/pricing-policies/' + policy.body.id + '/status')
+    .auth(ctx.token, { type: 'bearer' })
+    .send({ active: true })
+    .expect(200);
+  return policy.body;
+}
diff --git a/test/pricing-policy.spec.ts b/test/pricing-policy.spec.ts
new file mode 100644
index 0000000..bdf0e48
--- /dev/null
+++ b/test/pricing-policy.spec.ts
@@ -0,0 +1,75 @@
+import { calculatePrice, type PriceRule } from '../src/pricing/pricing.policy';
+import { pricingSchema } from '../src/pricing/pricing.schema';
+const rule: PriceRule = {
+  taxMode: 'EXCLUSIVE',
+  merchandiseTaxBps: 1800,
+  shippingFee: '50.00',
+  shippingTaxBps: 1800,
+  freeShippingMinimum: null,
+};
+describe('configurable pricing calculations', () => {
+  it('calculates exclusive merchandise tax and shipping tax exactly', () => {
+    expect(calculatePrice('100.00', rule)).toEqual({
+      merchandiseTax: '18.00',
+      shippingNet: '50.00',
+      shippingTax: '9.00',
+      taxTotal: '27.00',
+      payableTotal: '177.00',
+    });
+  });
+  it('extracts inclusive tax without adding it twice and handles odd basis points', () => {
+    expect(
+      calculatePrice('118.00', { ...rule, taxMode: 'INCLUSIVE' }),
+    ).toMatchObject({ merchandiseTax: '18.00', payableTotal: '177.00' });
+    expect(
+      calculatePrice('100.01', {
+        ...rule,
+        taxMode: 'INCLUSIVE',
+        merchandiseTaxBps: 1,
+      }),
+    ).toMatchObject({ merchandiseTax: '0.01' });
+  });
+  it('applies free shipping at the discounted merchandise threshold and rounds small values', () => {
+    const free = { ...rule, freeShippingMinimum: '100.00' };
+    expect(calculatePrice('100.00', free)).toMatchObject({
+      shippingNet: '0.00',
+      shippingTax: '0.00',
+      payableTotal: '118.00',
+    });
+    expect(calculatePrice('99.99', free).shippingNet).toBe('50.00');
+    expect(
+      calculatePrice('0.01', {
+        ...rule,
+        merchandiseTaxBps: 5000,
+        shippingFee: '0.00',
+      }).merchandiseTax,
+    ).toBe('0.01');
+    expect(
+      calculatePrice('0', { ...free, freeShippingMinimum: '0.00' })
+        .payableTotal,
+    ).toBe('0.00');
+  });
+  it('requires explicit bounded rules and rejects active or unknown fields on creation', () => {
+    const input = {
+      ...rule,
+      name: 'Test policy',
+      currency: 'INR',
+      countryCode: 'in',
+    };
+    expect(pricingSchema.parse(input)).toMatchObject({
+      countryCode: 'IN',
+      region: '',
+    });
+    for (const change of [
+      { merchandiseTaxBps: -1 },
+      { shippingTaxBps: 10001 },
+      { shippingFee: '-1.00' },
+      { active: true },
+      { countryCode: 'IND' },
+      { currency: 'XXX' },
+    ])
+      expect(pricingSchema.safeParse({ ...input, ...change }).success).toBe(
+        false,
+      );
+  });
+});
diff --git a/test/pricing.spec.ts b/test/pricing.spec.ts
new file mode 100644
index 0000000..ec08686
--- /dev/null
+++ b/test/pricing.spec.ts
@@ -0,0 +1,131 @@
+import { randomUUID } from 'node:crypto';
+import { identityApp, type IdentityApp } from './helpers/identity-app';
+import { checkoutFixture } from './helpers/checkout';
+import { activatePricing, pricingInput } from './helpers/pricing';
+import { secondActor } from './helpers/commerce';
+describe('versioned pricing snapshots', () => {
+  let ctx: IdentityApp;
+  beforeAll(async () => {
+    ctx = await identityApp();
+  }, 60000);
+  afterAll(async () => {
+    await ctx.close();
+  });
+  beforeEach(async () => {
+    await ctx.clearLimits();
+    await ctx.db.pricingPolicy.updateMany({ data: { active: false } });
+  });
+  it('finalizes configured totals and preserves the exact policy on retries and reads', async () => {
+    const policy = await activatePricing(ctx);
+    const f = await checkoutFixture(ctx);
+    const order = await ctx
+      .api()
+      .post('/api/v1/checkout')
+      .auth(f.actor.token, { type: 'bearer' })
+      .send(f.input)
+      .expect(201);
+    expect(order.body).toMatchObject({
+      pricingStatus: 'FINALIZED',
+      taxTotal: '188.64',
+      shippingTotal: '50',
+      payableTotal: '1236.64',
+      paymentAvailable: false,
+      pricing: { policyId: policy.id },
+    });
+    await activatePricing(ctx, { merchandiseTaxBps: 0, shippingFee: '0.00' });
+    const replay = await ctx
+      .api()
+      .post('/api/v1/checkout')
+      .auth(f.actor.token, { type: 'bearer' })
+      .send(f.input)
+      .expect(201);
+    expect(replay.body).toEqual(order.body);
+    const detail = await ctx
+      .api()
+      .get('/api/v1/orders/' + order.body.id)
+      .auth(f.actor.token, { type: 'bearer' })
+      .expect(200);
+    expect(detail.body).toEqual(order.body);
+    await expect(
+      ctx.executeSql(
+        `UPDATE order_pricing SET payable_total = 0 WHERE order_id = '${order.body.id}'`,
+      ),
+    ).rejects.toThrow();
+    await expect(
+      ctx.executeSql(
+        `DELETE FROM order_pricing WHERE order_id = '${order.body.id}'`,
+      ),
+    ).rejects.toThrow();
+    await expect(
+      ctx.executeSql(
+        `UPDATE pricing_policies SET shipping_fee = 0 WHERE id = '${policy.id}'`,
+      ),
+    ).rejects.toThrow();
+  });
+  it('prefers a region-specific policy and never reprices earlier unconfigured orders', async () => {
+    const f = await checkoutFixture(ctx);
+    const old = await ctx
+      .api()
+      .post('/api/v1/checkout')
+      .auth(f.actor.token, { type: 'bearer' })
+      .send(f.input)
+      .expect(201);
+    expect(old.body.pricingStatus).toBe('UNFINALIZED');
+    await activatePricing(ctx);
+    const regional = await activatePricing(ctx, {
+      region: 'maharashtra',
+      merchandiseTaxBps: 0,
+      shippingFee: '0.00',
+    });
+    const next = await checkoutFixture(ctx);
+    const order = await ctx
+      .api()
+      .post('/api/v1/checkout')
+      .auth(next.actor.token, { type: 'bearer' })
+      .send(next.input)
+      .expect(201);
+    expect(order.body.pricing.policyId).toBe(regional.id);
+    expect(order.body.payableTotal).toBe('998');
+    const unchanged = await ctx
+      .api()
+      .get('/api/v1/orders/' + old.body.id)
+      .auth(f.actor.token, { type: 'bearer' })
+      .expect(200);
+    expect(unchanged.body.pricingStatus).toBe('UNFINALIZED');
+  });
+  it('enforces permissions and organization scoping for policy administration', async () => {
+    const customer = await secondActor(ctx);
+    await ctx
+      .api()
+      .post('/api/v1/admin/pricing-policies')
+      .auth(customer.token, { type: 'bearer' })
+      .send(pricingInput())
+      .expect(403);
+    const policy = await activatePricing(ctx);
+    const other = await secondActor(ctx, false, ['pricing.manage']);
+    const list = await ctx
+      .api()
+      .get('/api/v1/admin/pricing-policies')
+      .auth(other.token, { type: 'bearer' })
+      .expect(200);
+    expect(list.body).toEqual([]);
+    await ctx
+      .api()
+      .patch('/api/v1/admin/pricing-policies/' + policy.id + '/status')
+      .auth(other.token, { type: 'bearer' })
+      .send({ active: false })
+      .expect(404);
+    await ctx
+      .api()
+      .patch('/api/v1/admin/pricing-policies/' + randomUUID() + '/status')
+      .auth(ctx.token, { type: 'bearer' })
+      .send({ active: false })
+      .expect(404);
+    await ctx
+      .api()
+      .patch('/api/v1/admin/pricing-policies/' + policy.id + '/status')
+      .auth(ctx.token, { type: 'bearer' })
+      .send({ active: false })
+      .expect(200);
+  });
+});