Transaction value based duty on Software’s on which MRP is not required to be printed- Notification No. 14/2011-Central Excise

Notification No. 14/2011-Central Excise, New Delhi, the 1st March, 2011

G.S.R. (E) .- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts packaged software or canned software, falling under Chapter 85 of the first Schedule to the Central Excise Tariff Act,1985 ( 5 of 1986), on which it is not required, under the provisions of The Legal Metrology Act, 2009 (1 of 2010) or the rules made thereunder or under any other law for the time being in force, to declare on the package thereof the retail sale price, from so much of the duty of excise leviable thereon as is equivalent to the excise duty payable on the portion of the value of such goods determined under section 4 of the said Central Excise Act, which represents the consideration paid or payable for transfer of the right to use such goods:

Provided that the manufacturer shall make a declaration regarding consideration paid or payable in respect of such transfer to the Deputy Commissioner of Central Excise or the Assistant Commissioner of Central excise, as the case may be:

Provided further that the person providing the right to use is registered under section 69 of the Finance Act, 1994 (32 of 1994) read with rule 4 of the Service Tax Rules, 1994.

Explanation.— For the purposes of this notification, “packaged software or canned software” means software developed to meet the needs of a variety of users, and which is intended for sale or capable of being sold, off the self.

Related posts:

1. Custom Duty – Exempts of software from MRP based duty where which declaration of retail sale price is not required, under the provisions of The Legal Metrology Act, 2009
2. Packaged or canned software exempted from service tax, where duty of excise or duty of customs, as the case may be, has been paid- Notification No. 53/2010-ST dated -21-12-2010
3. Packaged software or canned software shall be liable to Excise duty subjection to MRP – abatement shall be 15 Percent
4. Notification No. 26/2010-Central Excise- Rescinds Notification No. 18/2010-Central Excise, dated the 27th February , 2010-Seeks to provide exemption from excise duty on specified goods of chapter 24
5. Amends notification no. 10/2006 – Effective Rate of duty on specified goods increased from 4 pc to 5 pc and various entries omitted. – Notification No. 10/2011-Central Excise