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of <h1>Secondary and Higher Education Cess on Imports: 1% Duty Under Section 139 of Finance Act, 2007 Explained</h1> The Secondary and Higher Education Cess on imported goods, as outlined in Section 139 of the Finance Act, 2007, is a customs duty levied at a rate of one percent on the aggregate customs duties for goods specified in the Customs Tariff Act, 1975. This cess is additional to other customs duties under the Customs Act, 1962, excluding specific duties such as additional duty, safeguard duty, countervailing duty, anti-dumping duty, and the Education Cess under the Finance Act, 2004. The Customs Act provisions apply to the levy, collection, refunds, exemptions, and penalties related to this cess.
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