https://www.taxtmi.com/caselaws?id=364280 Valuation of paints used in contract painting work was examined under the Central Excise Valuation Rules, including whether labour charges had to be deducted from the contract value under Rule 11 or whether Rule 8 applied. Following its earlier rulings in the assessee's own case for prior periods, the Tribunal held that the demand arose from the valuation method adopted by the assessee and that the duty liability and consequential interest were maintainable. However, applying the same precedent, it set aside the penalties. en-us Tue, 05 Jun 2018 00:00:00 +0530 Thu, 26 Jul 2018 08:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364280 Valuation of paints used in contract painting work was examined under the Central Excise Valuation Rules, including whether labour charges had to be deducted from the contract value under Rule 11 or whether Rule 8 applied. Following its earlier rulings in the assessee's own case for prior periods, the Tribunal held that the demand arose from the valuation method adopted by the assessee and that the duty liability and consequential interest were maintainable. However, applying the same precedent, it set aside the penalties. Case-Laws Central Excise Tue, 05 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364280