https://www.taxtmi.com/caselaws?id=754397 CESTAT Bangalore held that physician samples cleared to principal manufacturers are assessable under Rule 4 read with Rule 11 of Central Excise Valuation Rules, 2000, not Rule 8 at 110% of production cost. Samples for free distribution should be valued at retail sale price of similar goods. Extended period of limitation was deemed unwarranted as the issue involved legal interpretation and appellant had disclosed assessable value in ER1 returns. Penalty imposition was unjustified. Matter remanded to adjudicating authority for duty redetermination following normal limitation period and natural justice principles. en-us Mon, 15 Apr 2024 00:00:00 +0530 Mon, 24 Jun 2024 08:11:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754397 CESTAT Bangalore held that physician samples cleared to principal manufacturers are assessable under Rule 4 read with Rule 11 of Central Excise Valuation Rules, 2000, not Rule 8 at 110% of production cost. Samples for free distribution should be valued at retail sale price of similar goods. Extended period of limitation was deemed unwarranted as the issue involved legal interpretation and appellant had disclosed assessable value in ER1 returns. Penalty imposition was unjustified. Matter remanded to adjudicating authority for duty redetermination following normal limitation period and natural justice principles. Case-Laws Central Excise Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754397