Hindu Polity: A Constitutional History of India in Hindu Times c46.68

c46.68

*In taxing imports*:
(9) 'Sale (price realised), purchase (capital employed), distance travelled, cost of importing, and the total cost, also the risks incurred by the merchant should be fully considered'¹
(10) "Imports harmful to the state" and "luxuries" ("fruitless") are be discouraged by taxation.²
(11) Beneficial imports should be made free of import duties³
(12) Those articles which are rare in the country, and those which would be seed for future production should be allowed in, free.⁴
(13) Certain commodities should not be exported, while their imports are to be encouraged by not being taxed at all. They were, for instance: (*a*) weapons and armours, (*b*) metals, (*c*) military vehicles, (*d*) rare things, (*e*) grains, and (*f*) cattle.⁵
(14) *Principle of excise or countervailing duty was resorted to in certain cases.* Foreign favourites and private manufactures in wines and liquors were taxed on the principle of 'compensation' with reference to the state manufactures.¹