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What are the limitations of importing business?

Updated: 8/20/2019
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11y ago

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In fact, no Government encourage importation as it is a drainage on national exchequer by way of valuable foreign exchange. On the contrary they encourage on import substitution. If there is more import in comparison to export, then it is called adverse balance of payment which in economics is not at all welcome.But there are few compulsions where importation of crude is a necessity. So, obviously there are limitations of importing business because the Government to protect domestic industries impose duties on imported items and sometimes it become uneconomic to do importing business by considering duty element payable to the Government.

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