dear sanjeev,
thanks for your response and making these finer points clear to me. i really
appreciate your quoting chapter-and-verse in relevant places as well.
[heavy snip]
Software is not manufactured, hence the entire issue of Excise on it
does not arise. Period. Finis.
understood.
hi all,
a colleague raised an important issue.
excise is levied on products manufactured in india.
customs is levied on products not manufactured, and hence imported into india.
thus, the colleague says, software developed in india and sold in india may
get an excise tax levied on it.
and
LinuxLingam wrote:
hi all,
a colleague raised an important issue.
excise is levied on products manufactured in india.
customs is levied on products not manufactured, and hence
imported into india.
Customs may be levied on services as well, and may be levied on
exports as well. The word
