Economy, asked by Anonymous, 1 year ago

WHAT IS TARIFF TAX?,(PLZ NO GOOGLE ANSWER)

Answers

Answered by RadhikaSahni

A tariff is a tax on imports or exports between sovereign states.
hope it helped!!

BhaskarGupta06: ( England wanted to sell its product of factories in Indian market but this was not possible because the quality was much inferior to its Indian counterpart therefore it was a conspiracy to destroy the Indian industries and it was done deliberately in this period one sided free trade policy was adopted due to which England put Heavy tax on indian Import of cotton textile whereas England product export to India had no tax) MAY IT HELP U

BhaskarGupta06: NOT THROUGH GOOGLE

Anonymous: Thanks, it's really helpful

BhaskarGupta06: OK WELCOME ☺

Answered by AnuragPatel

Tariff taxes are used to restrict imports by increasing the price of goods and

services purchased from overseas and making them less attractive to consumers.

A specific tariff is levied as a fixed fee based on the type of item.

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