Excise on gift

Central Excise Valuation (determination of price of excisable goods) Rules, 2000

Rule 4: The value of the excisable goods shall be based on the value of such goods sold by the assessee for delivery at any other time nearest to the time of the removal of goods under assessment, subject, if necessary, to such adjustment on account of the difference in the dates of delivery of such goods and of the excisable goods under assessment, as may appear reasonable.

Valuation as per the rule 4 and adjustment will be done according to the timing difference if significant.

When the goods are distributed to employees as gift there is no excise duty as there is no valuation and there is no consideration as per the definition of transaction value.

So, no duty of excise and accounting would be same as free samples. 

Excise duty is on manufacture, hence you have to pay duty, irrespective of goods are to be distributed free.

Raksh*t Verma