https://www.taxtmi.com/highlights?id=71944 Levy of Social Welfare Surcharge (SWS) - Since, the effective rate of the customs duty is ‘NIL’ or ‘Zero’, the rate of SWS would automatically become ‘zero’, inasmuch as SWS is to be calculated not on the value of the goods, but on the duty of customs levied on the imported goods, which is evident from sub-section (3) of Section 110 of the Finance Act, 2018. - AT en-us Tue, 12 Sep 2023 09:23:58 +0530 Tue, 12 Sep 2023 09:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71944 Levy of Social Welfare Surcharge (SWS) - Since, the effective rate of the customs duty is ‘NIL’ or ‘Zero’, the rate of SWS would automatically become ‘zero’, inasmuch as SWS is to be calculated not on the value of the goods, but on the duty of customs levied on the imported goods, which is evident from sub-section (3) of Section 110 of the Finance Act, 2018. - AT Highlights Customs Tue, 12 Sep 2023 09:23:58 +0530 https://www.taxtmi.com/highlights?id=71944