https://www.taxtmi.com/caselaws?id=220478 Physician samples cleared free of cost had to be valued by reference to the value of identical goods, not on a cost-construction basis, following the settled valuation rule applied by CESTAT; this issue was decided for Revenue. For duty demanded on free replacements of defective goods and time-expired medicines, the extended period was not available because contemporaneous Tribunal decisions supported the assessee's bona fide view, so suppression was not established. Expired credit could still be set off against liability under Rule 57CC where the liability accrued before the credit lapsed, even though quantification occurred later; this set-off was upheld for the assessee. en-us Fri, 20 Jul 2012 00:00:00 +0530 Mon, 28 Jan 2013 07:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220478 Physician samples cleared free of cost had to be valued by reference to the value of identical goods, not on a cost-construction basis, following the settled valuation rule applied by CESTAT; this issue was decided for Revenue. For duty demanded on free replacements of defective goods and time-expired medicines, the extended period was not available because contemporaneous Tribunal decisions supported the assessee's bona fide view, so suppression was not established. Expired credit could still be set off against liability under Rule 57CC where the liability accrued before the credit lapsed, even though quantification occurred later; this set-off was upheld for the assessee. Case-Laws Central Excise Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220478