https://www.taxtmi.com/caselaws?id=329309 The Tribunal partially allowed the appeals, confirming duty demands and interest liability while setting aside penalties imposed under section 11 AC of the Central Excise Act, 1944. The dispute centered on the valuation of excisable goods for paints used in Supply and Apply contracts, determining the applicability of Rule 8 and Rule 11 of the Valuation Rules. The Tribunal ruled in favor of the Department, applying Rule 11 as the goods were sold under the contracts, with only the labour charges deductible from the sale value for assessment purposes. en-us Wed, 18 May 2016 00:00:00 +0530 Fri, 10 Feb 2017 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329309 The Tribunal partially allowed the appeals, confirming duty demands and interest liability while setting aside penalties imposed under section 11 AC of the Central Excise Act, 1944. The dispute centered on the valuation of excisable goods for paints used in Supply and Apply contracts, determining the applicability of Rule 8 and Rule 11 of the Valuation Rules. The Tribunal ruled in favor of the Department, applying Rule 11 as the goods were sold under the contracts, with only the labour charges deductible from the sale value for assessment purposes. Case-Laws Central Excise Wed, 18 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329309