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2018 (7) TMI 1588 - AT - Central ExciseMethod of Valuation - clearance of paints manufactured - Rule 8 of Central Excise Valuation Rules or under Rule 11 of Central Excise Valuation rules? - Held that:- Identical issue decided in appellant own case M/S COROMANDEL PAINTS LTD. VERSUS CCE & CC, VISAKHAPATNAM [2016 (6) TMI 1018 - CESTAT HYDERABAD], where it was held that 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. The demand of the duty liability needs to be upheld along with interest, but the penalties need to be set aside - appeal allowed in part.
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