Notification No. 13/2018-Customs Dated 02/02/2018

Seeks to exempt Integrated tax and Goods and Services Tax compensation cess on imported goods from the whole of levy of Social Welfare Surcharge-

G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with ¹[section 110 of Finance Act, 2018 (13 of 2018)] ^old[clause 108 of the Finance Bill, 2018 (4 of 2018), which, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), has the force of law], the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in the First Schedule to the Customs Tariff Act, 1975 ( 51 of 1975), when imported into India, from the whole of the Social Welfare Surcharge leviable on Integrated tax under sub-section (7),and Goods and Services Tax compensation cess under sub-section (9), of section 3 of the said Customs Tariff Act read with the ¹[under the said section of the said Finance Act] old[said clause108 of the Finance Bill].

               

1 Substituted Vide:-Notification No. 41/2018-Cus Dated 06/04/2018