Levy of Social Welfare surcharge: FA 2018
CA
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With the introduction of social welfare surcharge EC and SHEC levied on customs will come to an end.It is introduced by FA 2018. Many notification were issued in customs to incorporate its levy into the provisions.
Related Topic:
Levy and Collection of Social Welfare Surcharge(SWS) on imports under various schemes
| S. No | Heading, sub- heading tariff item | Description | From | To |
| 1. | Any chapter | Levy of Social Welfare Surcharge on imported goods to finance education, housing and social security [clause 108 of Finance Bill, 2018] |
—- |
10% of aggregate duties of customs |
| 2. | Any chapter | Abolition of Education Cess and Secondary and Higher Education Cess on imported goods [clause 106 of Finance Bill, 2018] | 3% of aggregate duties of customs [2% + 1%] | Nil |
| 3. | 2710 | Motor spirit commonly known as petrol and high speed diesel oil |
— |
3% of aggregate duties of customs |
| 4. | 7106 | Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured form, or in powder form |
— |
3% of aggregate duties of customs |
| 5. | 7108 | Gold (including gold plated with platinum), unwrought or in semi-manufactured form, or in powder form |
— |
3% of aggregate duties of customs |
| 6. | Any Chapter | Specified goods hitherto exempt from Education Cess and Secondary and Higher Education Cess on imported goods |
— |
Nil |
CA Shafaly Girdharwal
CA
New Delhi, India
CA Shaifaly Girdharwal is a GST consultant, Author, Trainer and a famous You tuber. She has taken many seminars on various topics of GST. She is Partner at Ashu Dalmia & Associates and heading the Indirect Tax department. She has authored a book on GST published by Taxmann.
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