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of <h1>Circular Clarifies Indirect Tax Applicability: 8% Excise Duty on Packaged Software, Exemptions for Customized Software; Importers Advised.</h1> The circular addresses the applicability of indirect taxes on packaged software, specifically shrink-wrapped software. It clarifies that packaged software is subject to an 8% excise duty, while customized software is exempt. The 2008 budget introduced service tax on the intellectual property right (IPR) portion of software costs. In response to concerns about double taxation, the 2009 budget provided partial exemptions from excise duty and countervailing duty (CVD) for the portion of value related to the right to use software. The circular highlights issues faced by importers in Mumbai and Chennai regarding these exemptions and instructs proper assessment of shrink-wrapped software imports.
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