INDIAN HISTORY

Detailed explanation-1: -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.

Detailed explanation-2: -The correct answer is Permission to trade without tax. The Mughal emperor Farrukh Siyar Farman granted Dastak in 1717 and allows the East India Company to enter the kingdom.

Detailed explanation-3: -Dastak was the trade permit sanctioned to the east india company by the Mughal government. Under the terms and conditions of farrukh siyar’s farman of 1717 the East India Company was entitled to trade in Bengal without paying the normal customs duty.

Detailed explanation-4: -The Dastak system which was adopted by the British in the initial stages of their expansion was related to the Trade privileges and concessions.

Detailed explanation-5: -The company sold dastaks at high price not only to European private traders but also to native merchants. Consequently, the government was losing revenue on the one hand, and the native merchants were losing their business due to unequal competition with the company and private traders, on the other.