https://www.taxtmi.com/caselaws?id=450305 CESTAT Hyderabad held that Social Welfare Surcharge (SWS) is not leviable when Basic Customs Duty (BCD) is exempted under Notifications 24/2015 and 25/2015 for goods imported under MEIS/SEIS schemes. The tribunal ruled that SWS calculation under Section 110(3) of Finance Act 2018 requires actual collection of duties, not notional amounts. Since BCD was fully exempted and no physical realization occurred (only scrip debit), the aggregate of collected duties was nil, making SWS nil. Appeals allowed; refund ordered with interest. en-us Thu, 29 Feb 2024 00:00:00 +0530 Sat, 02 Mar 2024 07:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450305 CESTAT Hyderabad held that Social Welfare Surcharge (SWS) is not leviable when Basic Customs Duty (BCD) is exempted under Notifications 24/2015 and 25/2015 for goods imported under MEIS/SEIS schemes. The tribunal ruled that SWS calculation under Section 110(3) of Finance Act 2018 requires actual collection of duties, not notional amounts. Since BCD was fully exempted and no physical realization occurred (only scrip debit), the aggregate of collected duties was nil, making SWS nil. Appeals allowed; refund ordered with interest. Case-Laws Customs Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450305