https://www.taxtmi.com/caselaws?id=358039 Software supplied under a licence model as a common banking platform, even if customised, integrated and implemented for individual banks, may be treated as packaged or canned software rather than customised software for excise purposes. On that basis, the excise valuation could extend to the software value recoverable as licence fee, while the service tax component for development, customisation, installation, integration and implementation could be adjusted through cenvat credit. Later exemption notifications extending relief to the licence value were treated as applicable for the relevant period, and the limitation objection was rejected on the facts stated. en-us Fri, 09 Feb 2018 00:00:00 +0530 Thu, 28 Jun 2018 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358039 Software supplied under a licence model as a common banking platform, even if customised, integrated and implemented for individual banks, may be treated as packaged or canned software rather than customised software for excise purposes. On that basis, the excise valuation could extend to the software value recoverable as licence fee, while the service tax component for development, customisation, installation, integration and implementation could be adjusted through cenvat credit. Later exemption notifications extending relief to the licence value were treated as applicable for the relevant period, and the limitation objection was rejected on the facts stated. Case-Laws Central Excise Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358039