The Basic moto to write the articles on this website is to help the taxpayers and accountants working in this field, Who does not well known about the filing of Income Tax, and Goods and services tax. It will definitely help them to work in a better way. Your email address will not be published. Related posts: Treatment of Scrap etc. Username Password Remember Me. For how many years, cess will be levied on supplies of goods or services or both. Privacy Policy. Terms of Service. Tariff heading of the Customs Tariff Act, deals with records, tapes and other recorded media.
Relevant classification is reproduced hereunder:. As can be seen from the above, classification of software will depend on the media on which it has been recorded. However, as on today, statutory rate of customs duty for all tariff items, as listed above is NIL. As stated above, automated machines need software. Software can be supplied along with the machine or separately. As per Chapter Note 6 of the Chapter 85 of the Customs Tariff Act, records, tapes and other media of heading or remain classified in those headings, when they are presented with the apparatus for which they are intended.
It does not apply to such media when they are presented with articles other than the apparatus for which they are intended. If medical equipment is supplied along with operation software not embedded , medical equipment will be classified in the Tariff heading whereas operation software will be classified under The Board vide Circular No.
H : Refund of GST - rejection on the ground of time limitation - petitione H : Disallowance of the expenses claimed on account of employees benefit e H : Addition of compensation payable for unauthorised slum dwellers - cont H : Classification of imported goods - In view of the settled law, irrespe Contents In his budget speech Mr.
Exemption has been granted to, "Any customized software that is to say, any custom designed software, developed for a specific user or client , other than packaged software or canned software.
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