https://www.taxtmi.com/caselaws?id=52246 Operational or application software loaded on computers before factory clearance does not automatically form part of their assessable or transaction value for central excise purposes. Where software is supplied separately on tangible media, its value is excluded from the computer's assessable value. Where it is pre-loaded without separate tangible media, only the loading cost may be included; the full licence fee or value attributable to the right to use the software cannot be added as though it were a computer accessory. Consequently, demands based on including the software's entire value, together with consequential penalties, were unsustainable. en-us Fri, 29 Aug 2003 00:00:00 +0530 Tue, 13 Aug 2024 13:24:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52246 Operational or application software loaded on computers before factory clearance does not automatically form part of their assessable or transaction value for central excise purposes. Where software is supplied separately on tangible media, its value is excluded from the computer's assessable value. Where it is pre-loaded without separate tangible media, only the loading cost may be included; the full licence fee or value attributable to the right to use the software cannot be added as though it were a computer accessory. Consequently, demands based on including the software's entire value, together with consequential penalties, were unsustainable. Case-Laws Central Excise Fri, 29 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52246