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TMI BlogManufacturing, production or development of software - Exemption scheme under service tax modified - exemption under central excise and customs withdrawnX X X X Extracts X X X X X X X X Extracts X X X X ..... Manufacturing, production or development of software - Exemption scheme under service tax modified - exemption under central excise and customs withdrawn - News and Press Release Dated:- 22-12-2010 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... News - Central Government has modified the exemption scheme to software to prevent the overlapping between central levies as under: Customs: Notification no. 31/2010-Cus - Customs has been r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... escinded - now import of packaged or canned software shall not be exempted from levy of customs duty. [ Notification no. 126/2010-Cus ] Central Excise: Notification no. 35/2010-CE , has bee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n rescinded - now manufacturing, production or development of software shall not be exemption from levy of duty of excise [ Notification no. 35/2010-CE ] Moreover, manufacturing, production or devel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opment of software shall be subject to MRP under section 4A [ Notification no. 30/2010-CE(NT)] Service Tax: A consolidated notification no. 53/2010-ST has been issued with new condition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to prevent overlapping between excise versus service tax and customs versus service tax Previous notification no. 02/2010-ST and 17/2010-ST has been withdrawn vide notification no. 51/2010-ST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and 52/2010-ST respectively. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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