Supreme Court of India

Commnr. of Customs Excise, New Delhi v. Mis. Living Media (india) Ltd.

Neutral citation
Reported as [2011] 13 S.C.R. 772
Bench Dr. Mukundakam Sharma and Anil R. Dave JJ.
Decided 17 August 2011

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 - rr. 2(f),3,4 and 9(1)(c) - Determination of value of imported goods - Method of valuation - Valuation of recorded audio cassettes/CDs imported by respondents­ assessees - Whether the value of the royalty required to be paid by the respondents-assessees for the imported goods was to be included in the transaction value of the imported goods for the purpose of customs duty assessment - Held: In determining the transaction value there has to be added to the price actually paid or payable for the imported goods, royalties

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