Parliament has adopted a statutory resolution for levying 200 % duty on all goods originating in or exported from Pakistan. The resolution was moved by Minister of State for Finance Anurag Thakur.
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.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
