Customs duty on imports from Pakistan hiked to 200% after Pulwama attack

Increasing duties would significantly hit Pakistan’s exports to India, which stood at around Rs 3,482.3 crore in 2017-18

India to import more oil from Iran; to push for rupee trading mechanism

Source: Business Standard

India Saturday hiked the to 200 per cent on all goods imported from Pakistan, following revocation of the ‘most-favoured nation’ status in the aftermath of the 

“India has withdrawn status to after the Pulwama incident. Upon withdrawal, basic on all goods exported from to India has been raised to 200% with immediate effect,” Finance Minister Arun Jaitely said in a tweet.

India on Friday revoked the ‘most-favoured nation’ (MFN) status to following the Pulwama terror strike.

Increasing duties would significantly hit Pakistan’s exports to India, which stood at around Rs 3,482.3 crore in 2017-18.

The main items which Pakistan exports to India include fresh fruits, cement, petroleum products, bulk minerals and ores and finished leather.



Categories: News

Tags: , , , , , ,

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: