After stripping the status of the Most Favored Nation (MFN) due to the Pulwama attack, India has given Pakistan another blow. India has now increased the basic custom duty to 200 percent of the goods exported from Pakistan. After this action, Pakistan will now have to pay more taxes on the products exported by India.
India mainly exports 137 items, including tomatoes, sugar, tea, oil cake, petroleum oils, cotton, tires and rubber. It is exported to Pakistan through Attari-Bagha border. This historic decision of India can have an impact on goods worth $ 488 million exported to India by Pakistan.
Union minister Arun Jaitley tweeted, “After the Pulwam attack, India has stripped the status of the Most Favored Nation given to Pakistan. After removing the MNF status, custom duty is being increased to 200 percent with immediate effect on all the products being exported to Pakistan. “