Dastak was a trade permit mostly issued to European traders by officials of the East India Company. The trade permit waived customs or transit charges for personal goods. The power to issue trade permits was conferred upon Company officials by the Mughal Emperor Farrukhsiyar after William Hamilton, a surgeon associated with the Company cured him of a disease. The practise of issuing dastaks to traders was abolished by Warren Hastings due to the disadvantage the dastaks offered to the local Indian traders. The dastak was a important reason for the impoverishment of Bengal. Company officials were able to make personal fortunes by using the trade permits which allowed them to skip paying custom duties altogether. This led to a drain in wealth from Bengal. This was later institutionalized such that any gain made by the Indian products in foreign markets translated into a financial gain for Britain   .
Dastak was a trade permit mostly issued to European traders by officials of the East India Company. The trade permit waived customs or transicharges for personal goods. The power to issue trade permits was conferred upon Company officials by the Mughal Emperor Farrukhsiyar after William Hamilton, a surgeon associated with the Company cured him of a disease. The dastak was a important reason for the impoverishment of Bengal. Company officials were able to make personal fortunes by using the dastaks which allowed them to skip paying custom duties altogether. This led to a drain in wealth from Bengal. The practice of abusing trade laws was institutionalized such that any gain made by the Indian products in foreign markets translated into a financial gain for Britain . The practise of issuing dastaks to traders was abolished by Warren Hastings due to the disadvantage the dastaks offered to the local Indian traders .
R
transit charges
transicharges
D
practise of issuing dastaks to traders was abolished by Warren Hastings due to the disadvantage the dastaks offered to the local Indian traders.
D
The
R
trade permits
dastaks
R
This was later
The practice of abusing trade laws was
A
.
A
The practise of issuing dastaks to traders was abolished by Warren Hastings due to the disadvantage the dastaks offered to the local Indian traders