Budget 2023 : CBIC revise/provide Social Welfare Surcharge (SWS) exemption(s) on specified goods

Last updated: 01 February 2023

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The Central Government has issued a notification revising exemptions for Social Welfare Surcharge (SWS) on certain imported goods. This update, effective from 2nd February 2023, modifies the existing customs notification from 2018. Key changes include specific amendments to the types of goods eligible for exemption, particularly affecting items under headings 0802, 6802, 7106, 7108, 7110, 7113, 7114, 8703, and 9503.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2023-Customs Dated: 1stFebruary, 2023 G.S.R. (E). In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with section 110 of the Finance Act, 2018 (13 of 2018), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of

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1999

(Excl. of GST ₹359)

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3499

(Excl. of GST ₹629)

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FAQ :

The notification revises and provides exemptions for Social Welfare Surcharge (SWS) on specified goods.

This notification comes into effect on the 2nd day of February, 2023.

The principal notification No. 11/2018-Customs, dated the 2nd February, 2018 has been amended.

Yes, amendments affect goods under headings such as 0802 (excluding Pecan nuts), 6802, 7106, 7108, 7110, 7113, 7114, 8703, and 9503, with specific exclusions listed for some.

The notification was issued by the Central Government, Ministry of Finance, Department of Revenue.