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<h1>Exemption of central excise on media with recorded IT software allowed when manufacturer declares software value and service tax registration.</h1> Exempts central excise duty on media with recorded Information Technology Software under Chapter 85 to the extent equal to the value of the software portion leviable to service tax; manufacturers must furnish the prescribed Annexure I declaration of the software value to the jurisdictional Commissioner and the person liable for service tax must be registered and undertake to pay service tax on that declared value.