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of <h1>Customs Update: New Cess Levied on Electronic Goods; Importers to Reassess Payments for July 11-12 Entries.</h1> Budgetary changes were implemented through Notification Nos. 18/2014-Customs and 19/2014-Customs, withdrawing exemptions previously granted under Notification Nos. 13/2012-Customs and 14/2012-Customs for certain electronic goods. For Bills of Entry filed from July 13, 2014, Education Cess and Secondary & Higher Education Cess on CVD will be levied by default, with a new column added for claiming exemptions. For entries filed on July 11 and 12, 2014, these cesses must be paid manually, affecting the 4% SAD payable. Importers should ensure accurate payment and may need to reassess earlier entries. Updated formats are available online.
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