India imposes 200% Customs Duty on Imports from Pakistan

18 Feb 2019Posted By: Mudit Handa

India imposes 200% Customs Duty on Imports from Pakistan

India has recently witnessed a cowardly terror attack in Pulwama. The whole nation is grieved with the decease of 44 Jawans in the Pulwama region of J&K. The entire atmosphere is heated up due to the sad demise of CRPF jawans and constant demand from the agitated citizens for a concrete action to end terrorism.

The Indian government has started off with some noteworthy restrictive diplomatic measures against the neighbouring country. The most significant action taken by the Government is that customs duty on all imports from Pakistan has been sharply raised to 200%.

This is a primary diplomatic measure taken in order to ban the imports from Pakistan.

Here is the

#1. How will it affect the Pakistan economy?

There’s no doubt that this is a significant step taken by the Government to alarm the neighbouring country.

The sharp increase in the basic customs duty will now pressurize the Pak Economy.
This would hugely impact exports from Pakistan to India.
In FY 2017-18, Pak exports to India stood above â‚¹3,482 crores.
The current decision to double the customs duty will soon decline the exports from Pakistan.
This will now put additional pressure on the debt-trapped Pak Economy.

#2. How will it affect the Indian market?

Due to the free trade between 2 nations, India was hitherto importing several commodities from Pakistan. Currently, India imports certain varieties of fresh fruits, cement, petroleum products and mineral ore from Pak.

Now, the rise in customs duty will also slightly impact the Indian market.
Presently, the customs duty on fruits is 30-50% and on cement is 7.5%.
200% increase in the customs duty will now shoot up the prices of such goods.
Indian consumers must not panic and be prepared for this situation.

However, this would compel the government for indigenous production and export promotion. Indian farmers who are growing fruits and having Import Export code should now increase their cultivation, besides expand their supply overseas.

#3. What is the solution to such a problem?

There’s nothing to worry about! India can easily overcome this situation with patience and smart consumption.

Consumers can easily substitute imported commodities with Indian goods.
India can now focus on the production of cement & petroleum goods to fill the gap.
Moreover, import substitution & in-house production will further boost the Indian economy.
The Indian manufacturer should now focus on in-house production. Those having the unique Import Export code should now export finished goods and expand their business globally.

#4. How will this benefit India?

On the other side, if we see, the restrictive trade policies are beneficial for India.

India will now have a chance to boost the native industry.
According to experts, India has immense production capacity in cement sector (116 million tonnes) lying untapped.
Now, if this capacity is smartly utilized, India can even become a huge exporter of Cement to the world.
The cement manufacturers having Import Export code should hence focus on in-house production and global expansion of their business.

#5. What are other strict measures on Pakistan?

Other restrictive trade policies implemented by India are as follows-

India has striped Pakistan off the Most Favored Nation (MFN) status.
MFN status was granted to Pakistan by India in 1996.
MFN status ensures free trade between 2 nations.
End of MFN status will mean restricted trade between India & Pak.
This will diplomatically isolate Pakistan.

#6. What other strict measures can be taken against Pakistan?

Besides, many other punitive actions against the terror-funding neighbouring country are likely to be taken.

At the Financial Action Task Force (FATF) plenary meeting, which is scheduled to be held from 17th to 22nd February 2019 in Paris, India will compel European Commission to blacklist Pakistan.
Blacklisted countries are those that are "Non-Cooperative Countries or Territories" (NCCTs). Countries that are involved in foul practices such as money laundering and terror-funding are placed under blacklist.
Such nations are denied financial aid, and face numerous trade restrictions and economic sanctions.
Moreover, this will mean that all Indian exporters having Import Export code shall issue a blacklist certificate to assure that their consignment doesn’t enter the Pakistan ports.
Currently, Pakistan is placed under the Grey list, which means it can be downgraded to blacklist anytime, if it violates the protocols of FTAF.

You can also refer to the

With that, we salute our Indian Jawans…. Jai Hind!

In case you need any assistance related to Import Export Code Registration, feel free to contact us at 8881-069-069.

Now you can also Download E-Startup Mobile App and Never miss the latest updates relating to your business.

Give a Reply

01 Jan 1970Posted By: E-StartupIndia

How is IEC code important for exporter importer business

Import and export business is a very common and hot term in the world of business. This is the sector, which allows your business to grow rapidly and increase your global reach. Import and export also increase the economic infrastructure of a country by raising the Gross Domestic Product (GDP). There are some criteria and procedures which are mandatory for the importer-exporter business. One of

Read More

01 Jan 1970Posted By: E-StartupIndia

Required documents for import export code registration

Import and export industry has rightly been described as one of the pillars of a country's economy. Along with several other benefits, import and export industry unlocks your reach to the international Markets and makes you more compliant with legal standards of business. As per the government instructions, IEC code or the Import Export Code is the fundamental registration requirement for any

Read More

01 Jan 1970Posted By: E-StartupIndia

Government revises Custom duty in Budget 2018

There is no doubt that the Government has yet again left no stones unturned in exuding its developmental agenda in its 5th Union Budget that was passed yesterday. Since its first budget in 2014, the government has sought to augment the level of ease of doing business by giving a wide elbow room for foreign investments. In its 5th and arguably most decisive budget, the government ha

Read More

01 Jan 1970Posted By: E-StartupIndia

Government brings measures to enhance Indian exports

The fact can never be denied that for any nation to attain the desired model of economic growth, the emphasis must be on the import substitution and export promotion. Evidently, the government has been keenly devoted to the realization of this goal and giving enough fillip to the overall exports, right from its first budget in 2014. In its most recent Union Budget, the government has wholeheart

Read More

01 Jan 1970Posted By: E-StartupIndia

Gujarat High Court voices against the existing legal complications in import-export trade.

International trade is not only a money-spinner for any country’s economy; it’s a conduit for interlinking of cultures. Thus, the laws governing the realm of import-export trade must be unproblematic and smooth for seamless trade and commerce across the seas. In this regard, there is always a need to amend or annul the pre-existing laws that pose a hindrance to the normal course of int

Read More

01 Jan 1970Posted By: E-StartupIndia

Government peps up export promotion by enabling online filing of Letters of Undertaking

GST Registration has indeed arisen as a way out to all the despair that existed in the erstwhile tax regime. Through removal of superfluous ambiguities and liabilities, GST has emerged as the inimitable tax policy to redress all the complications of trade. Considering its significant contribution to the escalation of India’s GDP, the government is all set to implement the GST tax policy as a

Read More

01 Jan 1970Posted By: E-StartupIndia

CBEC sheds light on the GST applicability on the mutual services in a Joint Venture

Undeniably, the GST registration has emerged as a solution to abridge legal as well as financial exigencies for all business forms, enhanced mobility of goods and has simplified the tax liabilities. All in all, it has augmented the ease of doing business in India. However, the fiscal reforms are still underway as regards certain business forms where the ultimate boon of GST is yet to be accomplish

Read More

01 Jan 1970Posted By: E-StartupIndia

26th GST council meeting: A mingle of advances and adjournments

The government has yet again paced up the reforms under GST with no significant alteration in certain aspects. In the 26th GST council meeting that was held over Video Conferencing on 10th March 2018, the government has given green signal to some laws that were hitherto on hold. The council has lastly promulgated the final date for roll-out of E-Waybill, i.e. April 1. Th

Read More

01 Jan 1970Posted By: E-StartupIndia

Why 70% of exportersï¿½ refund claims still stuck even after 8 months of GST regime?

No economic reform has been as drastic and sweeping in the history of independent India as the advent of GST. No doubt, today GST registration assists millions of small and medium scale entities by simplifying the compliances and mitigating the surmounting tax liabilities that hindered the progress of small businesses in India. Despite numerous measures supportive of export promotion

Read More

01 Jan 1970Posted By: E-StartupIndia

How will LOU Ban affect the Import Export trade?

This can probably be deemed as the second most radical step by the central bank after the demonetization move in 2016. As an ad hoc policy measure, the Reserve Bank of India has barred all the commercial banks from issuing Letters of Undertaking (LoUs) to the borrowers. Apart from that, the issuance of the Letters of Comfort has also been banned with immediate effect. The decision that really s

Read More

01 Jan 1970Posted By: E-StartupIndia

Supreme Court extends the due date for Aadhaar-linking to PAN Card & Social Welfare Schemes

The online linking Aadhaar to personal information has been a matter of tumult these days as there has been much fickleness from government end regarding this issue. However, the government has finally proclaimed the final due dates for the interlinking of Aadhaar number with the PAN Card and social welfare schemes run by government, mobile and banking services, for all those citizens

Read More

01 Jan 1970Posted By: E-StartupIndia

Which goods are to become cheaper and costlier in FY-2018?

Knock-knock! The new fiscal year 2018-19 has almost rung in! And with that, the much evident economic changes introduced in this year’s Union budget are all set to be implemented. Among the hottest updates that were read aloud at the parliament were those that were related to the drastic changes in the customs duties that would substantially alter the prices of various goods. There is no

Read More

01 Jan 1970Posted By: E-StartupIndia

How has the GST Department managed to clear â‚¹7K crore GST refunds in just 9 days?

It is no hyperbole that our nation is all set to witness a sort of fiscal revolution. Unquestionably, the all-new era of the Goods and Service Tax regime is the precursor of this fiscal revolution, as can be clearly perceived from the massive GST collections and increase in the compliance rate. There is no doubt that the new indirect tax regime had marked its genesis on a very weak fiscal foundati

Read More

01 Jan 1970Posted By: E-StartupIndia

What role does GST play in today's Era of Drop Shipping Business?

The advent of the 21st century has ushered in the era of globalisation and has broken away all the trade barriers by transformation of all industries through the e-commerce platform. No wonder the techno savvies have been always ahead in this fray, the complex jargon has been a hindrance for many laymen. One such term that is being used very often these days in the realm of e-commerce tr

Read More

01 Jan 1970Posted By: E-StartupIndia

What amendments have been by DGFT in the IEC registration process?

It is quite a palpable fact that an Import Export Code is not only an essential requirement for stepping into the international market and import and export trade, it is also the key to have a competitive edge over the fellow market players. Doing business internationally evidently gives a distinguished status in the local market. It allows the small traders and MSMEs to have a direct access t

Read More

01 Jan 1970Posted By: E-StartupIndia

Why has Safeguard Duty been Suspended on Solar Panel Imports?

Expansion of business at global interface definitely gives a prominent status in the domestic market. It assists the small traders and MSMEs to have a direct access to the global opportunities. There is no doubt that a unique Import Export Code can fetch you lucrative business opportunities in the name of your business on the global platform. The trade & commerce authorities have so far

Read More

01 Jan 1970Posted By: E-StartupIndia

Government imposes Anti-dumping Duty on imports of Flat Base Steel Wheels

An opportunity to globally expand your venture can let you have an edge over others. Besides, it assists in the export promotion that further reinforces the nation’s economy by equilibrating the balance of trade. Evidently, a unique Import Export Code lets you easily plunge into the global arena where you can find a sea of opportunities to enhance your business growth.

Read More

01 Jan 1970Posted By: E-StartupIndia

How to set up Business in Export of Automobile Parts from India

Undeniably, a unique Import Export Code is a key to access the global market where you can truly find a plethora of lucrative opportunities in the name of your business. As we all know, the export promotion has been the key drive of the Indian government ever since independence. In the recent years, the trade & commerce authorities have undertaken numerous initiatives and schemes in order t

Read More

01 Jan 1970Posted By: E-StartupIndia

Why the Government has hiked import duty on 19 items?

Conducting business internationally not only gives a distinguished status in the local market, besides it assists the budding entrepreneurs and MSMEs to grab the global avenues for business expansion and growth. This further helps in export promotion and boosts the nation’s economy. Evidently, with a unique Import Export Code, one can seamlessly grow your business at the international pl

Read More

01 Jan 1970Posted By: E-StartupIndia

What is the Concept of Deemed Exports in GST?

It is beyond any doubt that the apex body to assess and mitigate various issues with respect of Goods & Service Tax, i.e. the GST council has always formulated and duly brought into effect all the required indirect tax reforms in their regular meetings. In this regard, the GST provisions have been regularly amended or changed so as to make them more viable and feasible in all the spheres of th

Read More

01 Jan 1970Posted By: E-StartupIndia

CBIC amends CGST Rules to enable exporters claim IGST Refund

It can’t be negated that the supreme authority to administer and resolve various perplexities regarding Goods and Service Tax, i.e. the GST council has dependably drafted and properly executed all the fundamental growth-oriented reforms in their frequent meetings. Moreover, the GST laws have been repetitively altered or amended in order to make them more practical for various areas of the ec

Read More

01 Jan 1970Posted By: E-StartupIndia

No IGST on the supply of services to Nepal & Bhutan?

It is beyond any contradiction that the provisions under the GST laws have been consistently reworked or modified in order to make them more favourable for different sectors of the economy. These reforms have altogether eased the burden and complexities of the average taxpayers as well as the tax authorities. According to section 2(6) of CGST Act-2017, any supply of services shall be conside

Read More

01 Jan 1970Posted By: E-StartupIndia

CBIC gives clarification over the certain issues of IGST refunds

We all are aware that in the current scenario of GST, one of the major issues that are affected a large number of taxpayers is of GST refund claims. Evidently, the exporters are increasingly claiming their refunds of IGST that they had incurred on the exports they had conducted. A large amount of IGST refunds that are being claimed by the exporters are in relation with the period of exceeding

Read More

01 Jan 1970Posted By: E-StartupIndia

Government widens Rectification Facility for Shipping Bills to ease IGST Refunds

It is beyond doubt that in the present situation, a large number of exporters are struggling to claim the refunds of IGST that they had incurred on the exports they had carried out. These IGST's refunds are identified with the time of over a year since the presentation of the GST regime in India. It has been clearly perceived by the GST authority that the exporters who have the GST regis

Read More

01 Jan 1970Posted By: E-StartupIndia

15 Things to know while claiming Input Credit of GST on Capital Goods

One of the most complex issues that have caused much uncertainty for a normal taxpayer is of claiming the refunds of IGST that has been incurred on the exports of the goods. Most of these IGST refunds are in relation with the period exceeding one year since the presentation of the GST regime in India. In this context, the CBIC had passed the CGST (12th Amendment) Rules 2018 to make the process

Read More

01 Jan 1970Posted By: E-StartupIndia

PM Modi Ji promises â‚¹ 1 Crore Loan to MSMEs within 59 minutes

It can never be negated that the upliftment and overall development of the small businesses in India have been the key drive behind Startup India initiative of our government. In a bid to the grant the Indian Micro, Small and Medium Enterprises easy accessibility to loans and to boost their overall development, the Honorable Prime Minister of India Sh. Narendra Modi has given a great Diwali Gi

Read More

01 Jan 1970Posted By: E-StartupIndia

What is the revised procedure of availing GST refund

The fact is truly undeniable that the GST authorities have left no stones unturned in making the provisions under Goods & Service Tax regime as convenient as possible by drafting and implementing all the necessary reforms with respect to GST registration and GST return filing procedure. Moreover, the tax GST authorities have also made frequent modifications in the GST portal so as to make diff

Read More

01 Jan 1970Posted By: E-StartupIndia

What are the 6 Changes made in E-way Bill Generation System?

As the nation is heading towards a fast-track mechanism for inter and intrastate consignment of goods through the E-way Bill system, traders are coming across certain glitches at various stages of goods transit. These technical glitches are related to the E-way Bill generation, the validity of the E-way Bill and GST invoicing procedure. In a bid to rule out all such unnecessary hindrances

Read More

01 Jan 1970Posted By: E-StartupIndia

Government enforces Revised All Industry Duty Drawback Rates

The government has so far never undermined the goal of export promotion in India. The efforts of the government have been always to boost trade & commerce. In the interest of the exporters, the government has repeatedly amended the customs duties, countervailing duties and anti-dumping duties. The main intent behind such policies has always been to regulate the export-import trade. In a bid

Read More

01 Jan 1970Posted By: E-StartupIndia

31st GST Council Meeting: GST Refunds to get Faster & Easier

It is beyond any doubt the recently held 31st GST council meeting has sought to eliminate many uncertainties from minds of general taxpayers having GST registration. And the GST authority has undoubtedly played it well by introducing a number of relaxation for the taxpayers as well as the merchants who have GST registration, by way of implementing several rate cuts on many goods and services.

Read More

01 Jan 1970Posted By: E-StartupIndia

Government to Raise Import Duties on Iron Ore

The government has always aimed to counterbalance the factors adverse to the domestic as well as foreign trade by introducing key changes in tariffs as well as duties. In an effort to minimize the current account deficit (CAD), the government on 26th September 2018 had hiked the basic customs duty on 19 items that were classified as “non-core goods”. Some of them were electroni

Read More

01 Jan 1970Posted By: E-StartupIndia

India imposes 200% Customs Duty on Imports from Pakistan

India has recently witnessed a cowardly terror attack in Pulwama. The whole nation is grieved with the decease of 44 Jawans in the Pulwama region of J&K. The entire atmosphere is heated up due to the sad demise of CRPF jawans and constant demand from the agitated citizens for a concrete action to end terrorism. The Indian government has started off with some noteworthy restrictive diplomat

Read More

01 Jan 1970Posted By: E-StartupIndia

All you need to know about AD Code in Export

Today, every entrepreneur wishes to venture into the global market to expand his business. Undoubtedly, export promotion is a sign of the nation’s economic growth and is, therefore, a key drive of our government. However, for stepping into the world of Exim trade, one has to fulfil certain essential documentation as well as legal compliance. The import-export code is a passport f

Read More

01 Jan 1970Posted By: E-StartupIndia

5 Key Benefits of Udyog Aadhaar MSME Registration

MSMEs are indeed the precursors of economic growth in today’s globalized era. They account for over 99% of corporate taxpayers of India. Government has run several schemes for empowerment of the MSME sector due to its imperative role in the country’s economic growth. Very importantly, the key to access all the developmental avenues for MSMEs is the Udyog Aadhaar MSME Registration.

Read More

01 Jan 1970Posted By: E-StartupIndia

Corporate Tax Rates Slashed for Domestic Companies

Undoubtedly, it’s the gala time for India Inc. as the government has recently announced the reduction in the Corporate Tax Rates for the Domestic Companies and the newly established companies in the manufacturing sector. The government has taken this step so as to draw in fresh investment in the Indian manufacturing sector and to boost the 'Make in India' drive. The substant

Read More

01 Jan 1970Posted By: E-StartupIndia

How to Change the Address in the Import Export Code?

Undeniably, a unique Import Export Code serves as a key to enter into the international trade, where you will be able to access a wide plethora of profitable growth opportunities in the name of your business. It is well known that export promotion has been the key concern of our government. In recent years, frequent initiatives and schemes have been undertaken by the trade & commerce authoriti

Read More

01 Jan 1970Posted By: E-StartupIndia

What are the Documents Required for IEC Modification?

Undeniably, a unique Import Export Code serves as a gateway to enter into the international market, where you will be able to gain access to a vast platform of lucrative growth opportunities for your business. As a matter of fact, the export promotion has been the key concern of our government. In recent years, frequent initiatives and schemes have been undertaken by the trade & commerce autho

Read More

01 Jan 1970Posted By: E-StartupIndia

Government Notifies New Duty Drawback Rates 2020

The Government of India has so far always upheld the goal of export promotion in India. The motive of the government has been dependably to help exporters to expand their business globally. In light of a genuine concern for the exporters, the administration has over and again revised the Duty Drawback Rates, countervailing duty rates, and anti-dumping duty rates. The principle goal behind such app

Read More

01 Jan 1970Posted By: E-StartupIndia

Government to Release Income Tax Refunds up to â‚¹5 lakh immediately

In the wake of the outbreak of Novel Coronavirus disease aka COVID-19, the Income Tax Department has now decided to immediately release the Income Tax Refunds to the tune of â‚¹5 lakh right away to the taxpayers. Everyone knows that the world is facing the threat of Novel Coronavirus or COVID-19, which has now been declared a global pandemic. It has caused great economic disruption in India

Read More

Fill up the form

x

Enquiry

E-startupIndia Mobile App

GET E-STARTUP INDIA IN YOUR
pocket!

Download our free Android App and get realtime update on your order status.
Easily connect with our professionals handling your order over chat & mobile.
Never miss business compliances due date with advance notifications.

Why Choose Us

e-startupindia member of GOOGLE

Serving business owners with an Average 4.8+ Google Rating.

e-startupindia certified #AxixBank

Trusted by Axis bank to cater its clients all licensing & compliance needs.

e-startupindia NG Alliance Partner

Providing lending solutions for business needs with NeoGrowth.

e-startupindia Google Partner

Open Neo bank account worldwide & provides cross-border remittance solutions.

e-startupindia member of CII

E-startupindia is a Proudly Member of Confederation of Indian Industry.The CII is a premier business association in India which works to create an environment.

E-Startup India is duly certified under GOI's Startup India scheme and is renowned for our tech-driven solutions for business & legal services requirements for MSMEs.

e-startupindia Google Partner

E-Startup India is a Google Partner, which implies we are rigorously involved in assisting SME businesses to market their presence in the digital world.

Popular Services

Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Sole Proprietorship Firm | Section 8 Company Registration | USA Company Registration | UK Company Registration | UAE Company Registration | Singapore Company Registration | Company Registration Hong Kong | Import Export Code | IEC Modification | AD Code Registration | Spice Board Registration | US FDA Certification | ISO 9001 2015 | ISO 14001 EMS | ISO 22000 FSMS | ISO 27001 ISMS | ISO 50001 Energy Management | ISO 45001 | ISO Surveillance | ISO Certification | MSME Registration | FSSAI Registration | Shop Establishment Registration | Barcode Registration | Coffee Board Registration | Startup India Certificate | ZED Certification | Trademark | Trademark Objection Reply | Trademark Opposition | Trademark Hearing | Trademark Formality Check Fail | Website Development | Patent | Copyright | Design Registration | Business Name Suggestion | Logo Designing | Trademark Assignment Service | GST Registration | GST Modification | GST Cancellation | GST Return Filing | GST Invoice Software | UIN Registration | Income Tax Return | Income Tax Notice | Income Tax Refund | Income Tax Assessment | TDS Return Filing | Form 15CA / CB | Professional Tax Registration | 12A and 80G Registration | FCRA Registration | CSR Registration | Project Report | Pitch Deck | Seed Fund Startup India | Accounting for Ecommerce | Virtual cfo services in india | Bookkeeping & Accounting | Private limited Company Annual Compliance | Form INC-22A | Form 15CA / CB | Company Strike Off | Commencement of Business | Fssai annual return | Online CA Consultancy | Income Tax Return Filling | LLP Annual Compliances | Form DIR-3 KYC | Virtual Office for Company Registration | Dubai Company Registration |

IN THE MEDIA

CONNECT WITH US

Our Popular Services

Terms & Policy

Connect With Us

Our Offices

New Delhi
Noida
Mumbai
Hyderabad
Bangalore
Srinagar
Pune
Siliguri
Ahmedabad

ASSURED CUSTOMER SATISFACTION

CLIENT DATA CONFIDENTIALITY

NO HIDDEN
FEE

SECURE ONLINE PAYMENT

Copyright © 2017 ESTARTUP BUSINESS MANAGEMENT HUB PRIVATE LIMITED. All Rights Reserved