Pulwama terror attack: India hikes customs duty to 200% on all goods imported from Pakistan
PTI | Updated: Feb 16, 2019, 20:49 ISTHighlights
- Customs duty on all goods imported from Pakistan has been hiked to 200 per cent with immediate effect: Arun Jaitley
- India had on Friday withdrawn the MFN status to Pakistan after the Pulwama terror attack
NEW DELHI: India on Saturday hiked the customs duty to 200 per cent on all goods imported from Pakistan, following revocation of the 'most-favoured nation' status in the aftermath of the Pulwama terror attack.
"India has withdrawn MFN status to Pakistan after the Pulwama incident. Upon withdrawal, basic customs duty on all goods exported from Pakistan 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 Pakistan following the Pulwama terror strike.
Increasing duties would significantly hit Pakistan's exports to India, which stood at $488.5 million (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
"India has withdrawn MFN status to Pakistan after the Pulwama incident. Upon withdrawal, basic customs duty on all goods exported from Pakistan to India has been raised to 200% with immediate effect," finance minister Arun Jaitely said in a tweet.
India has withdrawn MFN status to Pakistan after the Pulwama incident. Upon withdrawal, basic customs duty on all g… https://t.co/NsuM64ufkb
— Arun Jaitley (@arunjaitley) 1550328317000India on Friday revoked the 'most-favoured nation' (MFN) status to Pakistan following the Pulwama terror strike.
Increasing duties would significantly hit Pakistan's exports to India, which stood at $488.5 million (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
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