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<h1>Social Welfare Surcharge on Imports: Finance Act 2018 Imposes 10% Charge Supporting Education, Health, and Social Security Initiatives</h1> A Social Welfare Surcharge is imposed on imported goods as per the Finance Act, 2018, to support education, health, and social security initiatives in India. This surcharge is calculated at 10% of the total duties, taxes, and cesses, excluding certain duties like safeguard, countervailing, and anti-dumping duties. It is an additional charge over other customs duties and taxes. The provisions of the Customs Act, 1962, including rules on duty assessment, refunds, and penalties, apply to the collection of this surcharge. Recent amendments have refined the application of these provisions to the surcharge.