octroi Synonyms
No Synonyms and anytonyms found
octroi Meaning
octroi (n)
a tax on various goods brought into a town
octroi (n.)
A privilege granted by the sovereign authority, as the exclusive right of trade granted to a guild or society; a concession.
A tax levied in money or kind at the gate of a French city on articles brought within the walls.
octroi Sentence Examples
- The city imposed an octroi on goods entering its boundaries to generate revenue.
- The octroi duty varied depending on the type of merchandise and its value.
- Merchants devised ingenious ways to evade paying octroi, leading to a cat-and-mouse game with the authorities.
- Abolition of octroi led to a significant reduction in traffic congestion at city gates.
- The octroi system was criticized for its inefficiency and corruption.
- Alternative revenue sources were introduced to compensate for the loss of octroi revenue.
- Some cities still maintain a symbolic octroi system as a reminder of their historical past.
- The octroi-free status of certain economic zones attracted businesses and investments.
- The octroi system had a profound impact on the economic development of urban areas.
- India's Goods and Services Tax (GST) has replaced the octroi system, streamlining tax collection and reducing inter-state trade barriers.
FAQs About the word octroi
a tax on various goods brought into a townA privilege granted by the sovereign authority, as the exclusive right of trade granted to a guild or society; a conce
No synonyms found.
No antonyms found.
The city imposed an octroi on goods entering its boundaries to generate revenue.
The octroi duty varied depending on the type of merchandise and its value.
Merchants devised ingenious ways to evade paying octroi, leading to a cat-and-mouse game with the authorities.
Abolition of octroi led to a significant reduction in traffic congestion at city gates.
