2017 (12) TMI 548

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..... : 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 submits that issue on merit has been decided agai .....

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..... ssue 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 any excise duty, penalty under Section 11AC .....

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