2017 (12) TMI 548

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....A.R.) for the Respondent ORDER Per: Ramesh Nair The issue involved in the present case is, whether the valuation of physician samples supplied free of cost is governed by Rule 8 of Central Excise Valuation (Determination of price of excisable goods) Rules, 2000 i.e. 110% of cost of manufacture or pro rata of MRP of trade pack. 2. Shri. Rajesh Ostwal, Ld. Counsel for the appellant submi....

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.... Circular No.643/34-2002-CX dated 1-7-2002 issue was clarified in favour of the assessee. In these circumstances, appellant was of bonafide belief that the duty paid by the them adopting the valuation under Rule 8 of Central Excise Valuation (Determination of price of excisable goods) Rules, 2000 is correct and legal therefore in absence of any suppression of facts or malafide intentions to evade ....