CBIC revises the levy of Social Welfare Surcharge on specified goods

Feb 05, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on February 02, 2020, has made amendments in the Notification No. 11/2018-Customs, dated February 02, 2018, regarding exemption to specified goods from the whole of levy of Social Welfare Surcharge, to revise the levy of Social Welfare Surcharge on specified goods.

In the Notification, in the TABLE:

(i)                  Serial Number 1 and the entries relating thereto, the following Sl. No. and entries will be substituted;

(ii)                Serial Number 9 to 51 and the entries relating thereto, will be omitted.

(iii)               Serial Number 51 has been inserted with effect from April 01, 2020, namely:

(1)

(2)

53

All commercial vehicles (including electric vehicles), falling under heading 8702 and 8704, if imported as completely built units (CBUs)

 

[Notification No. 09/2020 – Customs]


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