Seeks to amend notification No. 11/2018-Customs and notification No. 11/2021-Customs so as to revise SWS and AIDC applicable on certain items.
Central Government issued Notification No. 16/2026-Customs dated 12 May 2026 to amend Notification No. 11/2018-Customs and Notification No. 11/2021-Customs with the objective of revising the Social Welfare Surcharge (SWS) and Agriculture Infrastructure and Development Cess (AIDC) applicable on specified precious metal imports and related goods. The amendments expand the coverage of tariff headings under Notification No. 11/2018-Customs by including tariff headings 7107, 7109, 7111, and 7112 along with heading 7108, while omitting certain earlier entries and revising concessions applicable to goods under heading 7118. Under Notification No. 11/2021-Customs, multiple entries relating to gold, silver, platinum, spent catalyst or ash containing precious metals, jewellery findings, and goods under tariff headings 7107, 7109, 7111, and 7118 were amended to revise the applicable AIDC rates to 4.35%, 5%, or 5.4% depending upon the nature of goods. A specific concessional regime was introduced for spent catalyst or ash containing precious metals imported for recovery or recycling purposes, subject to compliance with Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 and environmental clearance conditions. The notification also inserted new entries prescribing AIDC rates for specified gold and silver imports and exempted certain goods imported under Notification No. 57/2000-Customs from cess liability. The amendments were issued in public interest under the Customs Act, Finance Act, 2018, and Finance Act, 2021, and came into force from 13 May 2026.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 16/2026-Customs | Dated: 12th May, 2026
G.S.R. 359(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with sections 110 of the Finance Act, 2018 (13 of 2018) and 124 of the Finance Act, 2021 (13 of 2021), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby amends the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the TABLE below, to the extent specified in the corresponding entries in column (3) of the said TABLE, namely:-
TABLE
| S. No. | Notification No. and Date | Amendments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (1) | (2) | (3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1. | 11/2018-Customs, dated the 2nd February, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), vide number G.S.R. 114(E), dated the 2nd February, 2018 | In the said notification, in the TABLE,-
(i) against Sl. No. 1, in column (2), for the figures “7108,”, the figures “7107, 7108, 7109, 7111, 7112,” shall be substituted; (ii) Sl. No. 54A and the entries relating thereto shall be omitted; (iii) for Sl. No. 56A and the entries relating thereto, the following Sl. No. and entries shall be substituted, namely:-
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| 2. | 11/2021-Customs, dated the 1st February, 2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E), dated the 1st February, 2021 |
In the said notification,
(A) in the TABLE,- (i) against Sl. No. 15A, in column (4), for the entry, the entry “5.4%” shall be substituted; (ii) against Sl. No. 15B, in column (4), for the entry, the entry “4.35%” shall be substituted; (iii) against Sl. No. 15C, in column (4), for the entry, the entry “4.35%” shall be substituted; (iv) against Sl. No. 15D, in column (4), for the entry, the entry “5%” shall be substituted; (v) for Sl. No. 15E and the entries relating thereto, the following Sl. No. and entries shall be substituted, namely:-
(vi) after Sl. No. 15E and the entries relating thereto, the following Sl. No. and entries shall be inserted, namely:-
(vii) for Sl. No 15F and the entries relating thereto, the following Sl. No. and entries shall be substituted, namely: –
(viii) for Sl. No 15G and the entries relating thereto, the Sl. No. and entries shall be substituted, namely:-
(ix) after Sl. No. 15G and the entries relating thereto, the following Sl. Nos. and entries shall be inserted, namely:-
(B) in the ANNEXURE, Sl. No. 11 and the entries relating thereto shall be omitted. |
2. This notification shall come into force on the 13th day of May, 2026.
[F. No. 354/04/2026-TRU]
DHEERAJ SHARMA, Under Secy.
Note:-
1. The principal notification No. 11/2018-Customs, dated the 2nd February, 2018, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 114(E), dated the 2nd February 2018, and was last amended vide notification No. 14/2026-Customs, dated the 30th April, 2026, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 330(E) dated the 30th April, 2026.
2. The principal notification No. 11/2021-Customs, dated the 1st February, 2021, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 69(E) dated the 1st February, 2021, and was last amended vide notification No. 3/2026-Customs, dated the 1st February, 2026, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 84(E) dated the 1st February, 2026.
