INDIAN HISTORY

Detailed explanation-1: -Farrukh-Siyar was the Mughal emperor of India between 1713 and 1719. In 1717, the British East India Company purchased duty-free trading rights in all of Bengal from him.

Detailed explanation-2: -Trade concession in Bengal In 1717, Farrukhsiyar issued a farman giving the British East India Company the right to reside and trade in the Mughal Empire.

Detailed explanation-3: -By the ‘Farman’ of 1717, the English East India Company was granted the right to carry on duty-free trade in Bengal. They were allowed to export and import goods from and to Bengal without paying any taxes to the government. They were given the right to issue passes or dastaks for the free movement of their goods.

Detailed explanation-4: -After holding British East India Company for a few months, the Mughal Emperor, Jahangir gave them permission to trade in India.

Detailed explanation-5: -The Nawabs of Bengal wanted British company to pay taxes on trade like the Indians. But the Britishers refused to do so. This created conflict between both the parties and resulted in wars between both of them.