https://www.taxtmi.com/caselaws?id=87366 The case involved a dispute over the assessable value for levy of duty on gramophone records manufactured by Music India Ltd. using master tapes provided by customers. The department argued that the cost of master tapes should be included in the value of the records. The Tribunal found no rational basis to quantify the amount to be added to the price declared by the respondent. The Tribunal held that there was no suppression or willful misstatement by the respondent, and the duty demand was not barred by limitation. The appeal was partly allowed, and the duty demand was to be calculated within the time limit. en-us Wed, 02 Jul 1997 00:00:00 +0530 Mon, 05 Sep 2011 15:18:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87366 The case involved a dispute over the assessable value for levy of duty on gramophone records manufactured by Music India Ltd. using master tapes provided by customers. The department argued that the cost of master tapes should be included in the value of the records. The Tribunal found no rational basis to quantify the amount to be added to the price declared by the respondent. The Tribunal held that there was no suppression or willful misstatement by the respondent, and the duty demand was not barred by limitation. The appeal was partly allowed, and the duty demand was to be calculated within the time limit. Case-Laws Central Excise Wed, 02 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87366