Seeks to exempt specified goods from the of levy of Social Welfare Surcharge in excess of 3% - 12/2018 - Customs -Tariff

Rescinded vide Notification No. 12/2021-Customs dated 01-02-2021 w.e.f. 02-02-2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.12/2018-Customs New Delhi, the 2nd February, 2018. G.S.R. 115 (E) .- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with 1 [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 2 [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. Table Sl.No. Chapter or heading or sub-heading 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. 3 [ 2710 19 44, 2710 19 49 ] 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] (Ruchi Bisht) Under Secretary to the Government of India ******************** Notes:- 1. Substituted vide Notification No. 41/2018 - Dated 06-04-2018 , before it was read as, 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 2. Substituted vide Notification No. 41/2018 - Dated 06-04-2018 , before it was read as, under the said clause of the Finance Bill 3. Substituted vide Notification No. 39/2019 Customs dated 30-12-2019 w.e.f. 01-01-2020 before it was read as 2710 19 30