Trade words

SWS

Social Welfare Surcharge

An extra charge on imports, usually 10% of the basic customs duty, not of the goods' value. Some goods pay less or none.

Set by Finance Ministry, published by CBIC

हिन्दी में पढ़ें

Lessons that use this word

  1. Lesson 95 min readCustoms duty: BCD, SWS, IGST and AIDCThe duties on an import into India, the order they are worked out in, how exemptions and trade deals lower them, and which part you can claim back.
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Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.