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	<title>TaxGuru &#187; software components</title>
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		<title>Circular on Applicability of indirect taxes on import of packaged software</title>
		<link>http://taxguru.in/service-tax/applicability-of-indirect-taxes-on-packaged-software.html</link>
		<comments>http://taxguru.in/service-tax/applicability-of-indirect-taxes-on-packaged-software.html#comments</comments>
		<pubDate>Sat, 07 Nov 2009 09:18:36 +0000</pubDate>
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				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[commercial exploitation]]></category>
		<category><![CDATA[customs duty]]></category>
		<category><![CDATA[furtherance]]></category>
		<category><![CDATA[hardwares]]></category>
		<category><![CDATA[indirect taxes]]></category>
		<category><![CDATA[information technology agreement]]></category>
		<category><![CDATA[information technology software]]></category>
		<category><![CDATA[intellectual property right]]></category>
		<category><![CDATA[packaged software]]></category>
		<category><![CDATA[software components]]></category>
		<category><![CDATA[software service]]></category>
		<category><![CDATA[taxable service]]></category>
		<category><![CDATA[technology software products]]></category>

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		<description><![CDATA[Customs duty on packaged software - As basic customs duty is Nil for packaged software, the additional duty of customs („CVD?) levied in lieu of the Central Excise duty payable on like goods manufactured in India (including education cess and secondary and higher education cess on such CVD) is the effective customs duty paid on import of such software; and Service tax in relation to providing right to use information technology software for commercial exploitation under the category of ITSS on reverse charge mechanism.
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