What is the significance of article 304 in relation to trade, commerce and intercourse among States?
The significance of Article 304 in relation to trade, commerce and intercourse among States is that it allows the Legislature of a State to impose taxes on goods imported from other States or Union Territories, as long as they do not discriminate between these imports and similar goods manufactured or produced within their own State. Additionally, this article enables State legislatures to impose reasonable restrictions on trade, commerce or intercourse within or with the State, provided that no bill for such purposes can be introduced without the President's previous sanction.