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

Customized Software Exempt from Excise Duty per Entry No. 266 of Notification No. 12/2012 A query was raised regarding the interpretation of Notification No. 12/2012 related to central excise duty. The question concerned whether the production of customized software is exempt from excise duty under this notification. The response clarified that according to entry no. 266 of the notification, customized software developed for a specific customer based on their needs or requirements is subject to a NIL rate of duty, meaning it is exempt from excise duty.