Exempts Printing Blocks, Printing types, mathematical calculating instruments and pantographs from whole of duty and software (8523) in excess of 8% / 10% with effect from 1-1-2007 - 049/2006 - Central Excise - Tariff

Central Government Exempts Printing Tools and Software from Excise Duty in 2006; Revoked in 2011 by Notification No. 7/2011.

The Central Government, under the Central Excise Act, 1944, issued Notification No. 49/2006 on December 30, 2006, exempting printing blocks, printing types, mathematical calculating instruments, and pantographs from excise duty effective January 1, 2007. Software was partially exempted, with duty in excess of 8% or 10% being waived. This exemption aimed to serve public interest by reducing the financial burden on these goods. However, this notification was later rescinded by Notification No. 7/2011 on March 1, 2011. The specified rates in the notification were ad valorem, unless otherwise stated.