What is dastak in definition
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Dastak, in 18th-century Bengal, a permit exempting European traders, mostly of the British East India Company, from paying customs or transit duties on their private trade. The name came from the Persian word for “pass.”
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Dastak was a type of trading license that East India Company officials mostly gave to European businessmen.
- This trade authorization exempted personal products from customs or transit fees.
- After William Hamilton, a surgeon connected to the Company, healed the Mughal Emperor Farrukhsiyar of an illness, the Mughal Emperor granted Company authorities the authority to grant trade permits.
- The dastak had a significant role in Bengal's destitution.
- Using the dastaks, company executives were able to amass personal fortunes and completely avoid paying customs fees.
- This caused Bengal to lose prosperity.
- The practice of exploiting trade regulations became institutionalized to the point where any profit Indian products gained on international markets turned into money for Britain.
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