mfn status

All you need to know about MFN status

India recently withdrew the Most Favoured Nation (MFN) status accorded to Pakistan in 1996, following the terrorist attack in Pulwama in Jammu and Kashmir that killed 40 CRPF officers. Following this, the government immediately hiked the basic customs duty on all goods originating from Pakistan to 200 per cent with immediate effect. What is it? …

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