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Can we debit Social Welfare Cess (SWC) through MEIS or SEIS duty credit scrips?
SWC is levied as a percentage of basic customs duty (BCD). So, when BCD is debited to MEIS/SEIS scrip, it is exempted and consequently SWC is also nil. So, it need not be debited to MEIS/SEIS scrip. Please see case laws on similar issue under DEPB scheme: Reliance Industries Ltd. [2015 (322) E.L.T. 121 (Bom.)], Kedia Overseas Ltd. [2015 (326) ELT A.191 (SC)], DCW Ltd. [2014 (336) ELT 38 (Mad.)], Pasupati Acrylon Ltd. [2013 (297) ELT A102 (SC)] and Gujarat Ambuja Exports Ltd. [2013 (289) ELT 273
