Explain the role of Indian Chamber of Commerce and Industry in the promotion of internal trade.
Asked by Topperlearning User
17th June 2016,
5:21 PM
Answered by Expert
Answer:
Role of Indian Chamber of Commerce and Industry in promotion of trade are as follows:
- Inter-state movement of goods: It provides the facility of inter-state movement of goods by offering registration of vehicles and construction of roads.
- Labour laws: It interacts with the government on issues of labour laws.
- Infrastructure: It provides advices to government regarding heavy investments in roads, ports and electricity.
- Weights, measures and protection of brands: It formulates laws along with the government and takes action against those who violate the laws relating to weights, measures and protection of brand.
- Local taxes: It protects the smooth functioning of transportation of goods by ensuring octroi and local taxes.
- Excise duty: It ensures streamlining of excise duty which is payable on the raw materials used in manufacturing goods.
Answered by Expert
17th June 2016,
7:21 PM
Rate this answer
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
You have rated this answer /10
Your answer has been posted successfully!
RELATED STUDY RESOURCES :
CBSE Class-11-commerce QUESTION ANSWERS
Browse free questions and answers by Chapters
- 1 Nature and Purpose of Business
- 2 Forms of Business Organisation
- 3 Private, Public and Global Enterprises
- 4 Business Services
- 5 Emerging Modes of Business
- 6 Social Responsibility of Business and Business Ethics
- 7 Formation of a Company
- 8 Sources of Business Finance
- 9 Small Business
- 10 Internal Trade
- 11 International Business - I
- 12 International Business - II
Trending Tags
Latest Questions
CBSE XII Science Physics
Asked by Raghu
19th October 2018,
10:47 PM
