The CBIC vide Notification No. 04/2024 – Customs on January 22, 2024, amending Notification No. 11/2018 dated February 2, 2018. The amendment is made under the powers conferred by the Customs Act, 1962, and the Finance Act, 2018. The purpose is to exempt certain entries from the Social Welfare Surcharge (SWS) in the interest of the public. The specific amendments include the addition of new entries (54A and 56A) related to spent catalyst and ash containing precious metals and coins of precious metals, respectively. Additionally, there are modifications to entry 55 by substituting specified serial numbers.
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009995/ENG/Notifications