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of <h1>Supreme Court Confirms Social Welfare Surcharge on Imports Must Be Paid in Cash, Not Exempt Under FTP.</h1> The circular addresses the levy and collection of the Social Welfare Surcharge (SWS) on imports under schemes like the Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS). It clarifies that SWS, calculated at 10% on the aggregate of duties, is not exempt under the Foreign Trade Policy (FTP) or relevant Customs exemption notifications. The Supreme Court ruling supports this position, stating that exemptions must be specifically notified. Consequently, SWS cannot be debited through duty credit scrips and must be paid in cash. Past debits in duty credit scrips will not be contested.
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