https://www.taxtmi.com/circulars?id=63691 Levy of Social Welfare Surcharge (SWS) applies on imported goods even when Basic and Additional Customs Duties are debited through duty credit scrips under export incentive schemes; SWS is a distinct customs duty under the Finance Act and is not exempted by the Foreign Trade Policy or exemption notifications. Duty credit scrips are a mode of payment for specified duties but do not cover SWS, which must be paid in cash prospectively. Past debits of SWS to duty credit scrips will be accepted and no recoveries will be insisted for those cases. en-us Fri, 14 Feb 2020 00:00:00 +0530 Mon, 06 Apr 2020 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63691 Levy of Social Welfare Surcharge (SWS) applies on imported goods even when Basic and Additional Customs Duties are debited through duty credit scrips under export incentive schemes; SWS is a distinct customs duty under the Finance Act and is not exempted by the Foreign Trade Policy or exemption notifications. Duty credit scrips are a mode of payment for specified duties but do not cover SWS, which must be paid in cash prospectively. Past debits of SWS to duty credit scrips will be accepted and no recoveries will be insisted for those cases. Circulars Customs Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63691