Imports from Pakistan to India decline by 92% in March 2019

Imports from Pakistan to India have declined by 92% amounting to USD 2.84 Million in March 2019 after imposition of 200% customs duties on all products. The strong economic action against Pakistan was taken following Pulwama terror attack. Key Highlights Background: On February 2019, in aftermath of Pulwama terror attack for which Pakistan based JeM ..

Month: Current Affairs - June, 2019

Topics: Advance Authorisation Scheme • Customs duties • Import/Export • India- Pakistan • MFN Status • Most favoured nation • Pulwama Terror Attack • World Trade Organisation • WTO

India hikes customs duty to 200% on all goods imported from Pakistan

After the withdrawal of the Most Favored Nation tag to Pakistan, India has now increased the customs duties for imports from Pakistan to 200%. The increase in the customs duty would drastically increase the prices of Pakistani goods in India and make exports unfeasible. Pakistan Exports to India Pakistan’s exports to India include fresh fruits, ..

Month: Current Affairs - February, 2019

Topics: Foreign Trade (Development And Regulation) Act • India • MFN Status • Most Favored Nation • Pakistan

India Withdraws MFN Status of Pakistan

One day after the Pulwama terror attack on 14th February, 2019, India has taken a stern step of withdrawing the Most Favoured Nation or MFN Status of Pakistan. This move would enable India to increase customs duty on goods coming from Pakistan. The decision was taken in the meeting of the Cabinet Committee on Security ..

Month: Current Affairs - February, 2019

Topics: India- Pakistan • Jammu & Kashmir • MFN Status • Most favoured nation • Terrorism • WTO