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jan 1, 1717 - Farurukhsiyar's Farman

Description:

- Magna Carta of the East India Company - significant privileges in Bengal, Gujrat & Hyderabad
- Bengal --> Company imports and exports were exempted from additional custom duties expecting annual payment of 3000 Rs
- The company can issue Dastaks i.e passes for the transportation of goods
- In Hyderabad, the company retained its existing privilege of freedom from duties in trade and had to pay the prevailing rent only for Madras
- In Surat, for an annual payment of 10,000 Rs, the East India Company was exempted from the levy of all duties
- It was declared that the coins of the company minted at Bombay were to have currency throughout the Mughal Empire

Added to timeline:

Date:

jan 1, 1717
Now
~ 307 years ago