Transaction value based duty on Softwares on which MRP is not required to be printed

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..... ed 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 M .....

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..... 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. [F.No.334/3/2011-TRU] (Sanjeev Kumar Singh) Under Secretary t .....

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