CBIC exempts Coins of Precious metals and other related Metals from Social Welfare Surcharge

Governments often utilize the Social Welfare Surcharge to finance programs related to education, healthcare, poverty alleviation, and other social welfare schemes
By Navasree A.M - On January 23, 2024 6:01 pm - 2 mins read
Precious metal coins - CBIC Notification - Social Welfare Surcharge - Public benefit amendments - CBIC - taxscan

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued Notification No. 04/2024 – Customs on January 22, 2024, introducing amendments to Notification No. 11/2018 dated February 2, 2018. This amendment, executed under the authority vested by the Customs Act, 1962 and the Finance Act, 2018, holds the objective of exempting specific…

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