https://www.taxtmi.com/caselaws?id=377071 Pre-loaded operating software supplied with computer systems was treated as part of a composite clearance and, because it was essential for the computers to function, its value had to be included in the assessable value for central excise duty. The fact that service tax had been paid on the right to use software did not affect excise valuation of the goods, and Board circulars on packaged software on media were held inapplicable to operating software integral to the system. On the peculiar facts, the demand of excise duty and interest was sustained, while the penalties were set aside as unnecessary. en-us Mon, 18 Mar 2019 00:00:00 +0530 Fri, 21 Feb 2020 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377071 Pre-loaded operating software supplied with computer systems was treated as part of a composite clearance and, because it was essential for the computers to function, its value had to be included in the assessable value for central excise duty. The fact that service tax had been paid on the right to use software did not affect excise valuation of the goods, and Board circulars on packaged software on media were held inapplicable to operating software integral to the system. On the peculiar facts, the demand of excise duty and interest was sustained, while the penalties were set aside as unnecessary. Case-Laws Central Excise Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377071