Seeks to exempt Social Welfare Surcharge leviable on Agriculture Infrastructure and Development Cess on Gold and Silver

Last updated: 01 February 2021
Quick Summary
This notification from the Ministry of Finance introduces an exemption for imported gold and silver. Specifically, it removes the Social Welfare Surcharge that would normally apply to the Agriculture Infrastructure and Development Cess. This change aims to simplify customs duties for these precious metals.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 13/2021-Customs New Delhi, the 1st February, 2021 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 Fi
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FAQ :

The Social Welfare Surcharge leviable on the Agriculture Infrastructure and Development Cess on gold and silver when imported into India is being exempted.

This notification affects goods falling under headings 7106 (silver) and 7108 (gold) of the First Schedule of the Customs Tariff Act, 1975.

This notification comes into force on the 2nd February, 2021.

This notification was issued by the Government of India, Ministry of Finance (Department of Revenue).

 
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