https://www.taxtmi.com/caselaws?id=766620 CESTAT Bangalore held that Rule 7 of Central Excise Valuation Rules, 2000 cannot be invoked for valuation of goods sold from depot during 2004-2012. Since 90% of sales occurred at factory gate to unrelated customers, the demand raised by invoking Rule 7 was unsustainable. The tribunal found that Rule 7 applies only when excisable goods are not sold at the time and place of removal. Appeal was allowed in favor of the appellant. en-us Wed, 26 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766620 CESTAT Bangalore held that Rule 7 of Central Excise Valuation Rules, 2000 cannot be invoked for valuation of goods sold from depot during 2004-2012. Since 90% of sales occurred at factory gate to unrelated customers, the demand raised by invoking Rule 7 was unsustainable. The tribunal found that Rule 7 applies only when excisable goods are not sold at the time and place of removal. Appeal was allowed in favor of the appellant. Case-Laws Central Excise Wed, 26 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766620