Question

why do government impose obligations who need imported units​

Answer 1

Answer:

The Indian Government will impose an import duty of 10 per cent on wheat effective from March 31 next year, reinstating tariffs after a gap of eight years. This reinstatement is aimed to curb overseas purchases when domestic stocks are in ample amount.

Explanation:

EFFECTS OF IMPORT DUTY

An import duty has the following effects:-

Market effect

The market effect of an import duty on an item refers to its impact on

i) Its traded volume, and

ii) On its trade-price