duty on downloads
This query is : Resolved
26 June 2008
during jan 2007 we have remitted some lakhs towards purchase of software from US. payment was made through bank via TT, after completing all formalities. later we were permitted to down load the entire software through internet. we have not remitted customs duty as usually we are paying at the time of clearing the goods. here there is no clearing process.then what about the customs duty on this purchase.and how to remit, if avoided what will be the consequences.
11 February 2009
There is no custom duty on this transaction. However, you are required to pay service tax under Section 66A.
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