CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India has boosted the Customs Duty on all the goods imported from Pakistan to how much percent?
A
180 %
B
200 %
C
150 %
D
160 %
Explanation: 

Detailed explanation-1: -Upon withdrawal, basic customs duty on all goods exported from Pakistan to India has been raised to 200% with immediate effect. #Pulwama,” finance minister Arun Jaitley tweeted on Saturday.

Detailed explanation-2: -Customs duties are levied on ad-valorem basis. Other than customs duty, the government charges 17.0 percent sales tax on the duty paid value of a variety of goods produced in or imported into the country. Customs duty and other charges are payable in Pakistani rupees.

Detailed explanation-3: -India Imports from Pakistan was US$2.41 Million during 2021, according to the United Nations COMTRADE database on international trade. India Imports from Pakistan - data, historical chart and statistics - was last updated on February of 2023.

Detailed explanation-4: -Imports in Pakistan averaged 131935.60 PKR Million from 1957 until 2023, reaching an all time high of 1610327.00 PKR Million in June of 2022 and a record low of 96.00 PKR Million in April of 1959.

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