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Refer to the guide <Download Music from YouTube/Websites to iTunes>.
Click ITUNES LIBRARY on the main interface and then click on Downloaded icon which will show the list of downloaded songs. Select the song(s) that you wish to transfer.
a. Click Export icon at the top-right corner, a list of options will appear from which select "Export to My Computer".
b. Select the destination folder on PC/Mac where you wish to export song and then click OK.
c. The song will be successfully exported to your PC/Mac; and you can see the same song in the destination folder.