https://www.taxtmi.com/caselaws?id=263644 Physicians' samples distributed free of cost are treated as excisable goods, and where normal price-based valuation is inapplicable, valuation may be made under the excise rules by reference to comparable goods. If the samples are identical to market goods and drawn from the same lot, the comparable-goods method can be applied on a pro rata basis; only if that method fails does cost of production or manufacture plus profit apply. Best-judgment valuation may adopt any method contemplated by the earlier rules. The note also records that rectification proceedings had already granted substantial relief, leaving only a limited period in dispute. en-us Fri, 31 Jul 2015 00:00:00 +0530 Wed, 07 Oct 2015 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263644 Physicians' samples distributed free of cost are treated as excisable goods, and where normal price-based valuation is inapplicable, valuation may be made under the excise rules by reference to comparable goods. If the samples are identical to market goods and drawn from the same lot, the comparable-goods method can be applied on a pro rata basis; only if that method fails does cost of production or manufacture plus profit apply. Best-judgment valuation may adopt any method contemplated by the earlier rules. The note also records that rectification proceedings had already granted substantial relief, leaving only a limited period in dispute. Case-Laws Central Excise Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263644