CBEC exempts specified goods from the of levy of Social Welfare Surcharge in excess of 3%

Feb 02, 2018 | by Avantis RegTech Legal Research Team

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The Central Government has exempted goods of the description specified below, from so much of the Social Welfare Surcharge leviable thereon under the clause 108 of the Finance Bill, 2018, as is in excess of the amount calculated at the rate of 3%:

·         Motor spirit commonly known as petrol

·         High speed diesel (HSD)

·         Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form

·         Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form.

The Central Government has also goods from the whole of levy of Social Welfare Surcharge exempted goods vide Notification No.11/2018-Customs. [http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2018/cs-tarr2018/cs11-2018.pdf ]

[Notification No.12/2018-Customs]

 

URL: http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2018/cs-tarr2018/cs12-2018.pdf


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