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of <h1>Circular Clarifies Taxation and Classification of Packaged Software; Highlights Exemptions and Guidelines for Pending Assessments.</h1> The circular addresses the classification and taxation of packaged software and related documents. It clarifies that paper licenses for software, which do not contain software themselves, should be classified under CTH 49070030, while PUK cards, which enable software access, fall under CTH 4911. It also highlights exemptions from excise duty on certain software types where the retail sale price is not required, to avoid double taxation. Packaged software in shrink-wrapped form attracts excise duty based on retail sale price, but is exempt from service tax. Pending assessments should align with these guidelines.
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