what do you mean by custom duty
Answers
Answer:
Customs Duty - Money charged when goods from another country are brought into a country or when goods are exported.
Explanation:
After the death of Aurangzeb, the Mughal Empire became weak.
Taking advantage of this, the officials of the company began to intensify their operations in Bengal, the richest of the Indian provinces.
In 1717, they obtained the right to import and export goods without paying customs duty.
However, some officials of the company carried out private trade.
The concession in 1717 was for the company only.
However, the officials stopped paying duty on the their private trade.
This led to an enormous loss.of revenue for Bengal.
Answer:
the charge when goods from other country and bought into a country or when goods are exported from a country is called custom duty