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India raises customs duty on all imports from Pakistan to 200% after withdrawing MFN status over Pulwama attack

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A day after withdrawing the Most Favoured Nation status to Pakistan, India on Saturday slapped a 200 per cent import duty on all goods originating or exported from Pakistan.

To enable this, an official notification amended the First Schedule to the Customs Tariffs Act inserting an entry “all goods originating in or exported from the Islamic Republic of Pakistan” for which the duty will be 200 per cent.
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The government decision comes as part of retaliation on the neighbour after 49 CRPF troopers were killed in the worst terror attack in Jammu and Kashmir by an activist belonging to Pakistan-based Jaish-e-Mohhammed which accepted the responsibility for the attack.

Finance Minister Arun Jaitley on Friday announced that India will withdraw the ‘Most Favoured Nation’ status accorded to Pakistan with immediate effect in the aftermath of the terror attack.

India has accorded the status to all members of the World Trade Organisation in accordance with provisions of the Article 1 of General Agreement on Tariffs and Trade, 1994.

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Mother Dairy hikes poly pack milk prices after Amul

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Amul Milk, Mother Dairy, Poly pack milk, Milk Virants, Delhi and NCR, Regional news, Business news

New Delhi: Following the price hike by Amul Milk, Mother Dairy is to raise the consumer prices of its poly pack milk variants in Delhi NCR effective from Saturday, the company said in a statement here.

The Mother Dairy 1 litre pack price has been increased by Re 1 and the 500 ml pack by Rs 2 a litre, effectively impacting the consumer by Re 1 per pack, the statement said.

 

Amul Milk, Mother Dairy, Poly pack milk, Milk Virants, Delhi and NCR, Regional news, Business news

However, no price hike is being made in its Bulk Vended Milk (BVM), popularly known as Token Milk, the company said.

According to Mother Dairy, milk procurement prices have been continuously on the rise for the last three to four months due to the increase in feed and fodder cost by 15-20 per cent as well as labour costs, among others.

However, while paying higher prices to producers by 7-8 per cent compared to last year, the consumer prices had been kept intact.

 

Mother Dairy follows footstep of Amul hikes milk prices in Delhi and NCR:

 

The last consumer price revision in Delhi NCR for poly pack milk was done in March 2017, the company said.

Among the 7 variants that Mother Dairy produces, prices of all except Bulk Vended Milk and Cow Milk (1000 ml) have been hiked by Rs 1-2.

 

Amul Milk, Mother Dairy, Poly pack milk, Milk Virants, Delhi and NCR, Regional news, Business news

 

The new rates for the 1 litre pack of Full Cream Milk will be Rs 53, and the 500 ml pack will cost Rs 27.

Similary, the 1 litre Toned Milk pack will cost Rs 42, while the 500 ml pack will be priced at Rs 22, up from Rs 41 and Rs 21, respectively. Skimmed Milk of 500 ml pack size will now cost Rs 21, up from Rs 20.

Amul Milk prices earlier had been hiked by Rs 2 a litre with effect from Tuesday across all its six brands sold in the major markets of Delhi NCR, Gujarat, West Bengal, Uttarakhand and Maharashtra.

 

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