The Finance Department issued a Circular No. 02/2020-CustomsF.No.605/06/2019-DBK clarifying that SWS ( Social Welfare Surcharge ) is calculated at the rate of ten per cent on the aggregate of duties, taxes, and cesses which are levied and collected under section 12 of the Customs Act, 1962. The Circular clarifies further that the surcharge is in […]
The post Govt issues Circular Clarifying Social Welfare Surcharge Rate at 10% on Duties, Taxes and Cesses [Read Circular] appeared first on Taxscan | Simplifying Tax Laws.
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