a group of companies in india wishes to import high quality AC,s from South Korea but have to buy huge import tax on them which would make the AC,s very expensive leading to their sell assertain role oj the import tax in this situation
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import tax is playing the role of trade barrier...
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According to the question:
A group of companies in india wishes to import high quality AC,s from South Korea but have to buy huge import tax on them which would make the AC,s very expensive.
This economic circumstance is only beneficial for the government due to the significant amount of tax payment.
But on the other hand,it is totally non-sastisfactory for both the company and the customer,due to the extra increased value for the tax charges.
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