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of <h1>Supreme Court Dismisses Civil Appeal with Appellant's Withdrawal Request</h1> The Supreme Court dismissed a civil appeal after granting permission for the appellant to withdraw it. - 2015 (322) E.L.T. A328 (SC) Valuation of goods - Invocation of extended period of limitation - Supreme Court dismissed the appeal after granting permission to the assessee to withdraw the appeal. The appeal was filed against the decision of Tribunal [2005 (3) TMI 216 - CESTAT, MUMBAI]; wherein Tribunal held that value of Audio Tape, inlay cards and screen printing frames is required to be included in the assessable value of the pre-recorded audio cassettes manufactured and cleared by the assessee to music companies during the period in dispute. The extended period of limitation is also available to the Department for the reason that the assessee suppressed the fact that they have not included the value of the three items supplied free of cost in the assessable value of pre-recorded audio cassettes. The Supreme Court dismissed a civil appeal after granting permission for the appellant to withdraw it. (Case citation: 2015 (10) TMI 504 - SC)
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