Sunday, March 6, 2011

Central Excise Notification No. 14/2011 Dated 01.03.2011

Notification No. 14/2011- Central Excise
 New Delhi, the 1 st March, 2011
G.S.R. (E) .- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is  necessary in the public interest so to do, hereby exempts packaged software or canned software,  falling under Chapter 85 of the first Schedule to the Central Excise Tariff Act,1985 ( 5 of 1986),  on which it is not required, under the provisions of The Legal Metrology Act, 2009 (1 of 2010) or the rules made thereunder or under any other law for the time being in force, to declare on the  package thereof the retail sale price, from so much of the duty of excise leviable thereon as is  equivalent to the excise duty payable on the portion of the value of such goods determined under  section 4 of the said Central Excise Act, which represents the consideration paid or payable for  transfer of the right to use such goods:

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