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of <h1>Social Welfare Surcharge Not Applicable on Goods Exempt from Customs Duties, Confirms Finance Act 2018.</h1> The circular clarifies that the Social Welfare Surcharge (SWS) is not applicable on goods exempted from basic customs duties or other related taxes and cesses. As per the Finance Act, 2018, SWS is calculated at 10% of the aggregate customs duties payable on imported goods. If the aggregate customs duty is zero due to exemptions, the SWS will also be zero, as it is not computed on notional customs duty. The circular instructs relevant authorities to inform the trade and industry about this clarification and address any implementation difficulties.
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