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What would happen of Government of India parts heavy tax on import of Chinese toys? Explain any three points.

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(i) Those who wish to import Chinese toys would have to pay tax on this. 

(ii) Because of the tax, buyers will have to pay a higher price on imported toys. 

(iii) Chinese toys would no longer be so cheap in the Indian markets and imports from China will automatically reduce. 

(iv) Indian toy makers will prosper.

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