Home Economy and Finance After withdrawal of MFN status, basic customs duty on goods exported to India from Pakistan raised to 200%

After withdrawal of MFN status, basic customs duty on goods exported to India from Pakistan raised to 200%

Some of the products that are exported from Pakistan and are bound to take a hit for the enemy nation are cotton, oilseeds, some fruits, polymers, wool, fabric, leather, cement etc. 

The dastardly Pulwama attack sponsored by Pakistan and carried out by JeM terrorists that left 40 CRPF soldiers dead, has resulted in widespread anger across the Nation. Following the attack, India moved quickly to mount a diplomatic offensive by speaking to representatives of 25 countries, the ambassadors of Arab nations and withdrawing the Most Preferred Nation (MFN) status from Pakistan. After the withdrawal of MFN from Pakistan, basic customs duty on all goods exported from Pakistan to India has been increased to 200% with immediate effect, tweeted Finance Minister Arun Jaitley.

This would very well result in a massive economic and trade shock to the already nearing bankrupt state of Pakistan. The import from Pakistan to India amounted to upwards of $2 Billion. With the customs duty hiked, as a response to the Pulwama attack, the financial state of Pakistan would take a hit.

The top 10 goods imported by India from Pakistan is as follows:

- Ad - - article resumes -

Top 10 items imported from Pakistan to India

Some of the products that are exported from Pakistan and are bound to take a hit for the enemy nation are cotton, oilseeds, some fruits, polymers, wool, fabric, leather, cement etc.

Currently, the customs duty on some of the items are as follows:

Cotton: 14%, Fruits: 74%, leather: 0%, Mineral oil etc: 20%, Ores: 26%, Glass: 26%. Now, the customs duty would be increased by 200% on all goods.

While the customs duty on imports from Pakistan has been hiked to 200%, there is a strong sense that India is gearing up to respond to Pakistan in the same coin for the dastardly attack that left 40 soldiers dead.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

Ever since India abolished Article 370 from its constitution, Pakistani politicians including Pakistan PM Imran Khan are having a hard time digesting the fact that India has decidedly altered the status quo in Jammu and Kashmir.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Parody country Pakistan’s ex-minister Rehman Malik exposes his low IQ, falls for a parody account who fools him like a pro

Ever since India abolished Article 370 from its constitution, Pakistani politicians including Pakistan PM Imran Khan are having a hard time digesting the fact that India has decidedly altered the status quo in Jammu and Kashmir.

Pakistan takes a cue from Congress yet again, asks ‘what happened to Rafale investigation’

In case Chaudhry missed out, the first Rafale jet is expected to be delivered next month.

NDTV’s Interim CEO Suparna Singh resigns with immediate effect

NDTV interim CEO Suparna Singh, whose appointment as CEO was not approved by I&B ministry, has stepped down
Hartosh Singh Bal resorts to factually incorrect details to target Amit Shah

Fact-Check: Unlike Chidambaram who tried to escape from law, Amit Shah resolutely faced trial and was acquitted

Hartosh Singh Bal equated P Chidambaram's disgraceful escape with Amit Shah's tenacity to face the law

Former Pakistan army chief says Pakistan will use Kartarpur corridor to revive Khalistani terrorism in India

Gen Mirza Aslam Beg has said Pakistan army and the government should create trouble for India through Khalistan movement

Here is how these 7 opinion pieces in 4 days reveal newspaper The Hindu’s legendary level of meltdown and arrogance

Let’s take a look at the opinion pieces published by The Hindu in their print edition, in this week

McDonald’s India admits to discriminating against non-Muslims, buys only Halal meat for its restaurants

Halal is the Islamic method of slaughter which cannot be carried out by non-Muslims.
Pakistani Army's official spokesperson now begs attention from Shah Rukh Khan

Frustrated Pakistani Army now wants Shah Rukh Khan to pay attention to them

Major General Asif Ghafoor, the official spokesperson of the Pakistani armed forces, who thinks it is his patriotic and religious duty to be a Twitter troll, has now directed his ranting towards Shah Rukh Khan and his upcoming Netflix series.
Imran Khan has defended terrorists on Twitter

Imran ‘Taliban’ Khan goes on a bizarre defense of terrorists who may have infiltrated India disguised as Hindus

If harbouring, nourishing and sending terrorists to India was not enough, Pakistan has now shed all pretence and has been officially using terrorism as its state policy.
Rajiv Gandhi's tenure saw justice, freedom and institutions compromised at every level

No Sonia Gandhi, your husband did not stand for democracy or liberty

Rajiv Gandhi had infamously justified the Sikh massacre by saying, "When a big tree falls, the earth shakes."
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

181,379FansLike
173,044FollowersFollow
91,182SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post