TaxTMI 
TaxTMI 
basics of excise
11 Jan 2011 
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Classification of software: branded software treated as goods while tailor-made software treated as a service under excise principles.
Classification of software depends on production and marketability: branded or packaged software produced for mass distribution and sold off the shelf is treated as goods due to its standardized, marketable character, whereas bespoke or tailor-made software created to client specifications is treated as a service because it involves performing customized work rather than producing a stock product. (AI Summary)
Classification of software depends on production and marketability: branded or packaged software produced for mass distribution and sold off the shelf is treated as goods due to its standardized, marketable character, whereas bespoke or tailor-made software created to client specifications is treated as a service because it involves performing customized work rather than producing a stock product. (AI Summary)
why branded software is taken goods and tailor made software taken as service