ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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A More Useful Tariff Commission

A More Useful Tariff Commission ONE of the consequences of the foreign exchange crisis of 1956-57 and the subsequent imposition of quantitative restrictions on imports was the irreverence it encouraged in industry towards the Tariff Commission as a protecting agency. In later years, particularly under the Lal Bahadur Shastri regime, the Commission earned further disrespect when its recommendations vegarding continuance of protection to some industries were rejected. This was the genesis of the apoint- rr.ent of the Tariff Commission Review Committee to determine the future functions of the Commission. The Committee's report has been just published.

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