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2019 (4) TMI 1074 - CESTAT MUMBAIValuation - pre-recorded cassettes - Board’s Circular No.619/10/2002-CX, dt.19.02.2002 - period from October 1997 to May 1999 - HELD THAT:- There is no dispute about the fact that royalty charges have been paid by M/s Pen Audio Pvt. Ltd to various artists, which ought to be included in the assessable value of pre-recorded cassettes manufactured on job work basis by the Appellant. It is the claim of the Appellant that even though they placed on record the balance sheet of Pen Audio Pvt. Ltd for calculation of the assessable value on the basis of the royalty charges paid by M/s Pen Audio Pvt. Ltd., but the same was not considered and the demand was confirmed - Since the issue has been settled by the Hon’ble Supreme Court in M/S. KRCD. (I) PVT. LTD. VERSUS COMMISSIONER OF CENTRAL EXCISE, MUMBAI [2015 (4) TMI 856 - SUPREME COURT], therefore, it is prudent to remand the matter to the Adjudicating authority. Appeal allowed by way of remand.
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