Exemption for packaged software: transaction-value duty excluded where retail price declaration is not required, subject to declaration and registration. Exemption from the transaction-value component of excise duty is granted for packaged or canned software not required to declare retail sale price under Legal Metrology or other law, excluding from duty the value representing consideration for transfer of the right to use. The manufacturer must declare such consideration to the Deputy or Assistant Commissioner of Central Excise, and the provider of the right to use must hold the requisite service tax registration. Packaged software is defined as off-the-shelf software developed for a variety of users.