Placeholder canvas

Rajya Sabha passes resolution slapping 200% duty on Pakistani goods

Date:

The Rajya Sabha on Monday passed a statutory resolution for levying 200 per cent duty on all goods exported from Pakistan.

The Upper House also adopted the move to increase basic customs duty (BCD) on lentils (Masur), boric acid and diagnostic and laboratory reagents.

ALSO READ: RS passes Aadhaar Bill, govt says will bring comprehensive law on data protection

The resolution sought to raise BCD on lentils from 40 per cent to 50 per cent. The duty on boric acid would go up from 17.5 per cent to 27.5 per cent. For diagnostic items, the duty increase is from 20 per cent to 30 per cent.

The two statutory resolutions were moved by Minister of State for Finance Anurag Thakur on behalf of Finance Minister Nirmala Sitharaman and both adopted by voice vote.

The first resolution sought to approve the February 2019 notification to insert new tariff item 9806 00 00 under Chapter 98 of the First Schedule of the Customs Tariff Act, 1975 to prescribe 200 per cent customs duty on all goods originating in or exported from Pakistan.

Click here for Latest News updates and viral videos on our AI-powered smart news genie

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Rajinikanth’s Thalaivar 171 First-Look Poster Drops

In a series of surprising announcements, fans were first...

Orry Faces Backlash After Declining Handshake At Event

Internet sensation Orry, famed for his wild antics and...

From Deepfake Concerns To India’s AI Mission PM Modi Interacts With Bill Gates

New Delhi: Prime Minister Narendra Modi engaged in a...

NewsMobile Morning Brief

Actor Govinda Joins Eknath Shinde’s Shiv Sena Ahead Of...