Social Welfare Surcharge, On Imported Goods, To Provide For Social Welfare Schemes Of The Government

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....ocial Welfare Surcharge, On Imported Goods, To Provide For Social Welfare Schemes Of The Government <br>Budget<br>Dated:- 1-2-2018<br><BR>The Union Minister for Finance and Corporate Affairs, Shri Aru....

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....n Jaitley proposed to abolish the Education Cess and Secondary and Higher Education Cess on imported goods, and in its place impose a Social Welfare Surcharge. While presenting the General Budget 2018....

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....-19 in Parliament today, Shri Jaitley elaborated that the Social Welfare Surcharge at the rate of 10% of the aggregate duties of Customs, on imported goods, will help provide for Social Welfare Scheme....

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....s of the Government. The Finance Minister said that Goods which were hitherto exempt from Education Cesses on imported goods will, however, be exempt from this Surcharge. In addition, certain specifi....

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....ed goods (as mentioned in the Annexure 6 to the Budget speech) will attract the proposed Surcharge at the rate of 3% of the aggregate duties of customs only.<BR> News - Press release - PIB....