GST Compensation Cess on import of goods :
As per section 3(9) of Customs Tariff Act (being introduced w.e.f. 1-7-2017), any article being imported into India shall be liable to pay Good and Service Tax Compensation Cess at such rate as is leviable under section 8 of GST (Compensation to States) Cess Act, 2017, on a like article on its supply in India, on the value of imported article on value as determined under section 3(10) of Customs Tariff Act.
As per section 3(10) of Customs Tariff Act (being introduced w.e.f. 1-7-2017), the ‘value’ will be – (a) Value of imported article determined under section 14(1) of Customs Act or tariff value of such article under section 14(2) of Customs Act (b) duty of customs leviable on that article under section 12 of Customs Act and any sum chargeable on that article under any law for the time being in force as an addition to, and in the same manner as, a duty of customs, but does not include any tax referred to in section 3(7) or the cess referred to in section 3(9) of Customs Tariff Act.