SW
Surcharge on Petrol, Diesel, Gold and Silver @3%
[Customs Notification No. 12 dated 2nd February 2018]
In exercise of the powers conferred by sub-section (1) of section 25 of
the Customs Act, 1962 (52 of 1962) read with clause 108 of the Finance Bill,
2018 (4 of 2018), which, by virtue of the declaration made in the said Finance
Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), has the
force of law section
110 of Finance Act, 2018 (13 of 2018), the
Central Government, on being satisfied that it is necessary in the public
interest so to do, hereby exempts goods of the description specified in column
(3) of the Table below and falling within the Chapter, heading or sub-heading
or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of
1975) as specified in column (2) of the said Table, from so much of the Social
Welfare Surcharge leviable thereon under the said clause of the Finance Bill
under the said
section of the said Finance Act, as is in excess of the amount calculated at the
rate specified in column (4) of the said Table.
[Substituted by 41/06.04.2018]
|
Table |
|||
|
SlNo. |
Chapter
or heading or subheading or tariff item of the First Schedule |
Description
of goods |
Rate |
|
(1) |
(2) |
(3) |
(4) |
|
1. |
2710 |
Motor
spirit commonly known as petrol |
3% |
|
2. |
2710 19
30 |
High
speed diesel (HSD) |
3% |
|
3. |
7106 |
Silver
(including silver plated with gold or platinum), unwrought or in semi
manufactured forms, or in powder form |
3% |
|
4. |
7108 |
Gold
(including gold plated with platinum) unwrought or in semi manufactured
forms, or in powder form |
3% |
[F.No. 334/04/2018 -TRU]