Indian Polity · Polity

Consider the following statements related to the restrictions on trade, commerce, and intercourse among States under Article 304 of the Constitution of India: I. It allows States to impose taxes on goods imported from other States if similar goods produced within the State are subject to the same tax. II. It empowers States to impose reasonable restrictions on the freedom of trade, commerce, or intercourse in the public interest. III. A Bill under Article 304(b) can be introduced in a State Legislature without the President's prior sanction if it concerns agricultural commodities. IV. Article 304 seeks to maintain economic unity while permitting States to protect local interests under specific conditions. V. The recent tussle over liquor import restrictions between Tamil Nadu and Karnataka relates to the exercise of powers under this Article. How many of the above statements are correct?