https://www.taxtmi.com/caselaws?id=341824 The Supreme Court held that the royalty paid by music companies for copyright should not be included in the assessable value of Recorded Compact Discs (RCDs) for Central Excise duty purposes. The value of the master tape and its contents provided by the distributor should be included, but not the royalty paid for the music. Penalties imposed on the appellant may need reconsideration based on the revised assessable value. The appeal was disposed of with directions to re-quantify the duty demand accordingly. en-us Wed, 22 Mar 2017 00:00:00 +0530 Tue, 18 Apr 2017 10:11:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341824 The Supreme Court held that the royalty paid by music companies for copyright should not be included in the assessable value of Recorded Compact Discs (RCDs) for Central Excise duty purposes. The value of the master tape and its contents provided by the distributor should be included, but not the royalty paid for the music. Penalties imposed on the appellant may need reconsideration based on the revised assessable value. The appeal was disposed of with directions to re-quantify the duty demand accordingly. Case-Laws Central Excise Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341824