https://www.taxtmi.com/caselaws?id=351630 The Tribunal dismissed the appeal filed by Bora Pharma Pvt. Ltd. challenging demand confirmation and penalty imposition. The High Court upheld the Revenue's duty recovery for physician's samples under Rule 4 of Valuation Rules, 2000, based on CBEC circulars. The Tribunal found the valuation under Rule 8 contrary to precedent, dismissing the appeal on merit grounds. The extended limitation period and penalty under Section 11AC were deemed inapplicable due to lack of proof of suppression or misrepresentation, resulting in partial allowance of the appeal within the limitation period. en-us Mon, 23 Oct 2017 00:00:00 +0530 Tue, 03 Jul 2018 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351630 The Tribunal dismissed the appeal filed by Bora Pharma Pvt. Ltd. challenging demand confirmation and penalty imposition. The High Court upheld the Revenue's duty recovery for physician's samples under Rule 4 of Valuation Rules, 2000, based on CBEC circulars. The Tribunal found the valuation under Rule 8 contrary to precedent, dismissing the appeal on merit grounds. The extended limitation period and penalty under Section 11AC were deemed inapplicable due to lack of proof of suppression or misrepresentation, resulting in partial allowance of the appeal within the limitation period. Case-Laws Central Excise Mon, 23 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351630