PROJECT REPORT ON

TARIFF AND ITS EFFECTS IN REGULATING

TRADE
M. Com PART I SEMESTER I

Submitted by
INDIRA V. THAYIL
ROLL NO. 127

Under the guidance of

Mr. SHIVAJI PAWAR

Submitted to
UNIVERSITY OF MUMBAI
In partial fulfillment of the required for the award of degree
Master of Commerce Business Management

GURU NANAK KHALSA COLLEGE OF ARTS, COMMERCE &

SCIENCE
Nathalal Parekh Marg, Matunga (E), Mumbai 400 019.
2013-14

DECLARATION

I, Indira V. Thayil of GURU NANAK KHALSA COLLEGE OF ARTS,

COMMERCE & SCIENCE pursuing M. Com Part I specialization in Business
Management hereby declare that I have completed the project on Tariff and its effects in
Regulating Trade in the academic year 2013-14 for the Semester - I programme.

The information submitted is true and original to the best of my knowledge.

Signature of the Student,

Indira V. Thayil

ACKNOWLEDGEMENT

At the outset, I am thankful to the University of Mumbai for offering the project
in the syllabus. I would like to thank the Principal Dr. Ajit Singh of the College for giving
me the opportunity for pursuing M. Com Part I Semester I programme from the
esteemed College.
I would like to thank our M. Com programme Co-ordinator, Prof. Sameer
Velankar for providing us the necessary help and support in carrying out our project
work.
I would like to thank my project guide, Mr. Shivaji Pawar in giving me the
valuable guidance and suggestions in completion of my project work. It would not have
been possible for me to complete the task without their help and guidance.
I must mention my hearty gratitude towards other faculties, my family, and friends
who supported me to go ahead with the project.
I hereby acknowledge all those who directly or indirectly helped me to draft the
project report.

CERTIFICATE

GURU NANAK KHALSA COLLEGE

(AFFILIATED TO UNIVERSITY OF MUMBAI)
NATHALAL PAREKH MARG, MATUNGA (E),
MUMBAI 400019

This is to certify that the project titled Tariff and its effects in Regulating
Trade is true and satisfactory work done by Indira V. Thayil, M. Com Part I,
Semester I, Roll no. 127. The project report is submitted to the University of Mumbai
in partial fulfillment of the requirements of the award of the degree of M. Com Part I,
for the academic year 2013-14.

__________________________

____________________________

Signature of the Project Guide

Signature of the External Examiner

__________________________

_____________________________

Signature of the Co-ordinator

Signature of the Principal

Index
Sr.
no.

Particulars

Pg no.

INTRODUCTION

REVIEW OF LITERATURE

Functions of Tariffs

19

4
5

Why Are Tariffs Important

8 Effects of Tariffs on the Imposing Country

21
23

Impact to the economy of a country with

26
the tariff imposed on it.

30

How Tariffs Effect the Economy

38

RECOMMENDATION AND CONCLUSION

40

BIBLIOGRAPHY