Prime Minister Narendra Modi is being received by Union Minister Nitin Gadkari and Maharashtra Chief Minister Devendra Fadnavis on his arrival in Nagpur. Photo
NEW DELHI, India, Feb 17 (NNN-PTI) – India, on Saturday, hiked customs duty on goods imported from Pakistan to 200 percent, officials said.
The decision came, following withdrawal of Most Favoured Nation (MFN) status, granted to Islamabad by New Delhi.
“India has withdrawn MFN status to Pakistan, after the Pulwama incident.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 percent with immediate effect,” India’s Finance Minister, Arun Jaitley, in a statement, posted on twitter, said.
India withdrew MFN status to Pakistan, following the deadly militant attack in Indian-controlled Kashmir.
On Thursday, at least 40 paramilitary troopers belonging to India’s Central Reserve Police Force (CRPF) were killed, and many others wounded, after a suicide bomber rammed his heavily laden explosive car into their convoy, on national highway near Lethpora village in Pulwama district, about 27 km south of Srinagar city, the summer capital of Indian-controlled Kashmir.
The Jaish-e-Mohammad (JeM) militant group, which has claimed responsibility for the attack, said, a local cadre of the outfit carried out the deadly attack.
New Delhi blamed Islamabad for the attack, but Islamabad rejected the allegation.
Reports said, the bilateral trade between India and Pakistan has increased marginally to 2.41 billion U.S. dollars in 2017-18.– NNN-PTI
