https://www.taxtmi.com/caselaws?id=243350 The Tribunal dismissed the appeal by M/s. L'Oreal India Pvt. Ltd., confirming duty demand, interest, penalties, and fines. It held that promotional products should be valued under Rule 4, not Rule 8, of the Central Excise Valuation Rules. The Tribunal justified invoking the extended period of limitation due to the appellant's non-disclosure of free promotional products, constituting suppression of facts. Penalties under Section 11AC and Rule 25 were upheld, along with the confiscation of goods and imposition of fines. en-us Wed, 04 Dec 2013 00:00:00 +0530 Tue, 16 Feb 2016 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243350 The Tribunal dismissed the appeal by M/s. L'Oreal India Pvt. Ltd., confirming duty demand, interest, penalties, and fines. It held that promotional products should be valued under Rule 4, not Rule 8, of the Central Excise Valuation Rules. The Tribunal justified invoking the extended period of limitation due to the appellant's non-disclosure of free promotional products, constituting suppression of facts. Penalties under Section 11AC and Rule 25 were upheld, along with the confiscation of goods and imposition of fines. Case-Laws Central Excise Wed, 04 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243350