https://www.taxtmi.com/news?id=1638 Imports of packaged software not required to bear retail sale price are exempted from the portion of additional customs duty corresponding to the consideration for transfer of the right to use the software, so that CVD is payable only on the value of the physical medium together with freight and insurance, subject to specified conditions; a parallel central excise exemption applies to domestically manufactured IT software. en-us Mon, 28 Feb 2011 17:35:43 +0530 Mon, 28 Feb 2011 17:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1638 Imports of packaged software not required to bear retail sale price are exempted from the portion of additional customs duty corresponding to the consideration for transfer of the right to use the software, so that CVD is payable only on the value of the physical medium together with freight and insurance, subject to specified conditions; a parallel central excise exemption applies to domestically manufactured IT software. News - Mon, 28 Feb 2011 17:35:43 +0530 https://www.taxtmi.com/news?id=1638