The Rajya Sabha on Monday, 8 July, passed a statutory resolution for levying 200 percent duty on all goods exported from Pakistan.
The Upper House also adopted the move to increase basic custom duty (BCD) on lentils (masur), boric acid, and diagnostic and laboratory reagents.
The resolution sought to raise BCD on lentils from 40 percent to 50 percent. The duty on boric acid would go up from 17.5 percent to 27.5 percent. For diagnostic items, the duty increase is from 20 percent to 30 percent.
The two statutory resolutions were moved by Minister of State (MoS) for Finance Anurag Thakur on behalf of Finance Minister Nirmala Sitharaman, and both were 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 percent customs duty on all goods originating in or exported from Pakistan.
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