https://www.taxtmi.com/caselaws?id=125125 Physician sample packs distributed free of cost were to be valued under the circular in force during the relevant period, which prescribed valuation at about 115% of cost of production or manufacture. The assessee followed that method for February 2003 to January 2004, and the valuation was treated as correct for that period. A later circular dated 25.04.2005, which directed valuation of free samples under Rule 4 of the Central Excise Valuation Rules, was held to operate only prospectively and not to govern the earlier period. The valuation dispute therefore remained in favour of the assessee, and the Revenue's challenge failed. en-us Mon, 17 Nov 2008 00:00:00 +0530 Fri, 19 Oct 2012 17:14:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125125 Physician sample packs distributed free of cost were to be valued under the circular in force during the relevant period, which prescribed valuation at about 115% of cost of production or manufacture. The assessee followed that method for February 2003 to January 2004, and the valuation was treated as correct for that period. A later circular dated 25.04.2005, which directed valuation of free samples under Rule 4 of the Central Excise Valuation Rules, was held to operate only prospectively and not to govern the earlier period. The valuation dispute therefore remained in favour of the assessee, and the Revenue's challenge failed. Case-Laws Central Excise Mon, 17 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125125