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TMI Blog2019 (4) TMI 1074X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are manufacturer of pre-recorded audio cassettes on job work basis for M/s Pen Audio Pvt. Ltd. Since the value of the master copy i.e. Digital Audio Tape (DAT) was not included in the assessable value of pre-recorded cassette, demand notices were issued to the Appellant, M/s Sanjog Enterprises for recovery of the differential duty amounting to ₹ 6,64,937.20 for the period from October 1997 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... open. Now, the de-novo order is challenged before this Tribunal. 3. The learned Advocate Shri J.H. Motwani for the Appellant submits that even though before the Adjudicating authority they have submitted the balance sheets of the respective years of M/s Pen Audio Pvt. Ltd, however, the Adjudicating authority, without taking into account the same, confirmed the demand with interest and penalty. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h by both sides. 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 asses ..... X X X X Extracts X X X X X X X X Extracts X X X X
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