Ministry Hikes 200% on Exports from Pakistan

MINISTRY OF FINANCE

(Department of Revenue)

Customs

G.S.R. 124(E).— The Central Government on the 16th of February, 2019 has increased the import duty leviable on all goods originating in or exported from the Islamic Republic of Pakistan falling under the First Schedule to the Customs Tariff Act, 1975. It has been increased due to the circumstances that exist which makes it necessary to take immediate action.

In action of the powers conferred by section 8A of the Customs Tariff Act, the Central Government hereby directs that the First Schedule to the Customs Tariff Act shall be amended.

In the First Schedule to the Customs Tariff Act, in Section XXI, in Chapter 98, after tariff item 9805 90 00, every item thereto from the Islamic Republic of Pakistan will have an increased import duty of 200%.

Visit InstaFinancials we provide Financial Insights of all companies in India along with providing financial reports and crucial public documents of any company in India. Visit our blog https://blog.instafinancials.com/to get the latest updates and news on the Indian Corporate.

For any queries contact our Customer Care – +91 7879776776.

#KnowYourCompany #KnowYourCompetitor #KnowYourCustomer

Important Links

  1. Import duty leviable on all goods originating in or exported from the Islamic Republic of Pakistan – THE GAZETTE OF INDIA: EXTRAORDINARY

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.