200% DUTY ON PAKISTANI GOODS

About: 

• Parliament has adopted a statutory resolution for levying 200 % duty on all goods originating in or exported from Pakistan. 
  
  
• Besides, the resolution related to increasing basic custom duty on lentils, boric acid and diagnostic and laboratory reagents. On lentils, the duty has been increased from 40 % to 50 %, on boric acid it has been increased from 17.5 % to 27.5 % and on diagnostic items from 20 % to 30 %. 
  
  
• The Lok Sabha and Rajya Sabha approved the amendment in the first schedule of the Custom Tariff Act in this regard. 
  
  
• India had notified the basic custom duty to 200 % on all goods exported from Pakistan with effect from 16th of February this year.