Last week, in the Pulwama district of Jammu and Kashmir, the CRPF, the Federal Reserve Police Force, carried out a suicide attack on Pakistan-based Jaish-e-Mohammed terrorist organization. In this, 40 soldiers were heroic. Following the shock and disaster of the entire country, the state government raised the customs duty by 200 per cent to the imported goods from the federal government.
Fruits:
Thus, the price of goods is rising and their import will be reduced. In particular, prices of 10 items, including fruits, cement, leather, petroleum products, minerals, cotton, cotton garments, chemicals, glasses and glassware. These major items contribute 95% of India's imports. Thus, India's exports to Pakistan will be a huge drop.
Speaking on the occasion, Director General of the Federation of Indian Export Organizations, Ajay Sabai said, "India will have a significant impact on the decision of Pak.
Cement:
From the Pak, Gil, the fruits and cement are imported to a higher level. Their customs duty has risen to 30-50 percent and 7.5 percent respectively. This means the domestic importers have already been affected by these orders. They can get the customs duty by paying various taxes related to imported goods, or imported goods.
When you import items, you will not be able to face competition in the market. So, many are expected to cancel the order already made.
The country is commercially isolated by increasing import duty to Pak. A 200 per cent rise will affect the supply of goods to India, Pak and exports.
-Baswajith Dhar, Professor, Jawaharlal Nehru University. New Delhi
Will now be reduced:
In the last financial year, the trade between India and Pakistan in the financial year 2017-18 was Rs 241 crores, ie Rs 17,000 crores. During the same period, imports of India and Pakistan rose to Rs 3,419 crore, from Rs 3,188 crore in the corresponding period last year. In the current fiscal, India-Pak, mutual trade is expected to decline
No comments:
Post a Comment