Appellants' Valuation Method u/r 8 Deemed Incorrect; Rule 11 Requires Labor Deduction in Value Calculation.

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....Valuation - Job work - the value adopted by the appellants under Rule 8 of the Central Excise (Determination of price of Excisable goods) Rules, 2000 was not in order and that since the application of paint contains labour costs, the assessable value is to be determined under Rule 11 only after deduction of the value of labour component from the total value for supply and apply - AT....