Customs duty on all goods imported from Pakistan hiked to 200%

Finance Minister Arun Jaitley has announced basic customs duty on all goods imported from Pakistan has been raised to 200% with immediate effect. This comes after India revoked Pakistan's MFN (Most Favoured Nation) status following the Pulwama attack, in which 40 CRPF personnel were martyred. India had granted the status to Pakistan in 1996, a year after WTO's formation.