CCE Vs. M/s. Living Media India Pvt. Ltd. – Supreme Court

Royalty paid on import of Goods / prerecorded music cassette or a popular film to be included in the transaction value for Custom valuation – SC Supreme Court has recently  held in the case of CCE, New Delhi Vs. M/s. Living Media India Pvt. Ltd. that  if a prerecorded music cassette or a popular film or musical score is imported into India, duty will necessarily have to be charged on the value of the final product. As per Rule 9, in determining the transaction value there has to be added to the price actually paid or payable for the imported goods, royalties and the license fees relat...