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<h1>Finance Bill 2018 introduces 10% Social Welfare Surcharge on specified imports to fund education, health, and social security.</h1> Clause 108 of the Finance Bill, 2018, mandates the levy of a Social Welfare Surcharge on specified imported goods at a rate of 10% on the total duties, taxes, and cesses, excluding certain specified duties. This surcharge is intended to support the government's commitments to education, health, and social security. The surcharge is additional to other customs duties and is governed by the provisions of the Customs Act, 1962, including rules on assessment, refunds, and penalties. The Central Government is authorized to utilize the collected funds for the specified social welfare purposes.