Global Trade Alert
Global Trade Alert

India: Amendments to the social welfare surcharge as part of the 2023-2024 budget

Announcement

01 Feb 2023

The Indian Ministry of Finance has amended the social welfare surcharge on the imports of various goods as part of the 2023-2024 budget.

Source

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

2 in force

Implementation date

02 Feb 2023

Revocation date:

No revocation date

Internal taxation of imports In force

On 1 February 2023, the Indian Ministry of Finance through Notification No. 04/2023-Customs reduced the social welfare surcharge on the imports of certain goods. The amendment has been announced as pa...

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Implementation date

02 Feb 2023

Revocation date:

No revocation date

Internal taxation of imports In force

On 1 February 2023, the Indian Ministry of Finance through Notification No. 04/2023-Customs increased the social welfare surcharge (SWS) on the imports of pecan nuts from 0% to 10% (HS 0802.99). The a...

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