Commerce ministry to notify WTO regarding revoking MFN status to Pakistan
After the Pulwama terror attack on Thursday, India on Friday withdrew the MFN status to Pakistan. Following this, India can raise customs duties on goods being imported from Pakistan up to the bound level duty rates. Currently, India's custom duties on goods to members of the WTO are below the bound level rates.
The current customs duties imposed are called applied rates and the level at which one can increase is known as bound rates. Reuters