FISCAL & MONETARY SYSTEM AND PRICES DURING MUGHAL PERIOD

The main sources were tolls and levies on craft production, market levies, customs and rahdari (road tax) both on inland and overseas trade, and also mint charges. Separately from these, the state treasury received vast amounts through method of war booty, tributes and gifts from several quarters. Approximately everything sold on the market was taxable. The main articles taxed were clothes, leather, foodgrains, cattle, etc.All merchandise brought through the ports was taxable. Throughout Akbar’s time the duties did not exceed 2.5 per cent.There was a well-organized machinery for collection of these taxes. The effort of the state was to keep separate accounts for the income from land revenue and other taxes.The Mughal currency system may be termed as bimetallic. Coins were ofthree metals, viz, copper, silver and gold.

 

KEYWORDS: Craft Production, Market Levies, Rahdari, Overseas Trade, Mint Charges.


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