I used a drop shadow of vertical 0, horizontal 5, opacity 55, blur 10.

Open a new transparent canvas 750 by 750 pixels and fill with white.

Paste frame 003, resize 65%, position and apply the shadow.

Paste frame 004, resize 50%, position and apply the shadow.

Paste frame 001, resize 55%.  Select the interior with your magic wand and expand the selection by 10, make a new layer below it and paste paper 10 into the selection, deselect, apply the shadow to the frame, merge it down onto the paper and move into place.

Paste element 021, resize 20%, tuck below the merged frame/paper layer and apply the shadow.

Paste element 019 at the bottom just above he white background, resize 40%, mirror and duplicate.  Position one copy over on the left and one so a little shows on the right below the frames and apply the shadow to each.

Paste element 038 on the top, resize 45%, position and apply the shadow.

Paste element 013, resize 30%, position and apply the shadow.

Paste element 048, resize 35%, position and apply the shadow.

Paste element 053, resize 75%, position and apply the shadow.

Paste element 020, resize 80%, position and apply the shadow.

Paste wordart 004, resize 80%, position and apply the shadow.

Paste wordart 003, resize 60%, position and apply the shadow.

Paste element 005b, resize 10%, position and apply the shadow.

Paste element 004, resize 30%, position and apply the shadow.

Paste the tube, resize 18% and mirror, position and apply the shadow.

Paste element 034, resize 30%, position below the tube and apply the shadow.

Paste element 031, resize 30%, position and apply the shadow.

Paste element 037, resize 25%, position and apply the shadow.

Paste element 023, resize 15% and rotate 20 degrees to the left, position and apply the shadow.

Paste element 002, resize 20%, position and apply the shadow.

Paste element 001, resize 12%, position and apply the shadow.

Paste element 004, resize 30%, position and apply the shadow.

Paste element 047 on the top, resize 10%, position and apply the shadow.

Paste element 024, resize 10%, position and apply the shadow.

Paste element 032, resize 20%, position and apply the shadow.

Paste element 025, resize 12%, position and apply the shadow.

Paste element 027, resize 20%, position and apply the shadow.

Paste element 041, resize 17% and mirror, position and apply the shadow.

Paste element 015, resize 20%, position and apply the shadow.

Paste element 036, resize 15%, position and apply the shadow.

Check your layers and make any adjustments.

Paste element 046, resize 80% and move up and to the right, duplicate move the copy over to the left so a little shows on the left side of the tag and erase the rest of it, duplicate the original again, flip this copy and position so a little shows right at the bottom and again erase the rest, duplicate this bottom copy and merge the copy down onto the original to make it a little deeper colour.

When you are all done, crop, add your copyright information and text and export on a transparent background as a png.