I have to share some striking information this issue;
There is a big misperception about the source of the PTP server . As i saw the source IP address of the PTP server in the dumpcap log, i thought that the announce / sync and follow up messages are coming from the real PTP server . But unfortunately this is not the case. Actually there isn't any PTP message coming from that server. This is uncovered by checking the input interface counters. What is Cisco doing is its becomes the Master and starts generating GM clock by insterting the IP address of the PTP server in the source IP address field . So thats why i saw all the PTP interfaces as Master .
I should check why there is no PTP message coming from that server.
Thanks.