for exemption to pay excise duty

[Guest]

Dear Sir,

Please tell me the interpratation of Notification no. 12/2012 Is production of customised software exempt to pay excise duty as per such notification?

[YAGAY andSUN]

According to entry no. 266 of the said notification, customised software which is developed for specific customer after understanding his needs or as per his specific requirement, will be charged NIL rate of duty.

 

AI Summary

Customised software exemption: bespoke software made to a specific customer's requirements is nil-rated for excise. Customised software developed to a customer's specific requirements is exempt from excise duty under the cited notification: entry No. 266 classifies software created for a particular purchaser after assessing and meeting that purchaser's needs as attracting a nil rate of duty, so bespoke software produced pursuant to individual customer specifications is nil-rated for excise purposes.