Govt. imposes BCD of 200% on all goods originating in or exported from Pakistan

Following Pulwama attack , Government has imposed basic customs duty of 200% on all goods originating in or exported from Pakistan via Notification Number 05/2019-Cus, dated 16-02-2019.

Central Government has withdrawn status the most favoured nation or MFN status from Pakistan following Pulwama attack. As per sources the government will take all steps to ensure the “complete isolation” of Pakistan.

Govt. imposes BCD of 200% on all goods originating in or exported from Pakistan

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

Notification No.05/2019-Customs

New Delhi, the 16th February, 2019

G.S.R. …….(E). – WHEREAS, the Central Government is satisfied that 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 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), should be increased and that circumstances exist which render it necessary to take immediate action.

NOW, therefore, in exercise of the powers conferred by sub-section (1) of 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 following manner, namely:-

In the First Schedule to the Customs Tariff Act, in Section XXI, in Chapter 98, after tariff item 9805 90 00 and the entries relating thereto, the following tariff item and entries shall be inserted, namely:

(1)	(2)	(3)	(4)	(5)
“9806 00 00	All goods originating in or exported from the Islamic Republic of Pakistan	–	200 %	-”.

[F.No.354/40/2019 -TRU]

(Gaurav Singh)

Deputy Secretary to the Government of India

The post Govt. imposes BCD of 200% on all goods originating in or exported from Pakistan appeared first on StudyCafe.

from StudyCafe http://bit.ly/2V6ZL7r