Cement, fruit shipments from Pakistan among 10 most hit imports after duty hike - News Summed Up

Cement, fruit shipments from Pakistan among 10 most hit imports after duty hike


The top ten products exported by Pakistan to India include fresh fruits, cement, petroleum products, minerals, and leather. "After drastically hiking the import duty on goods coming from Pakistan, we will isolate them in front of trade. The two main items imported from Pakistan are fruits and cement, which attracted customs duty of 30-50 % and 7.5%, respectively. Taking strong economic action against Pakistan following the Pulwama terror attack, India Saturday raised the customs duty to 200% on all goods imported from the neighbouring country. Hike in the duty would drastically increase the prices of Pakistani goods in Indian markets which would make them far less competitive as compared to other imported goods.


Source: Mint February 17, 2019 14:03 UTC



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