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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:

  1. Inter-state movement of goods: It provides the facility of inter-state movement of goods by offering registration of vehicles and construction of roads.
  2. Labour laws: It interacts with the government on issues of labour laws.
  3. Infrastructure: It provides advices to government regarding heavy investments in roads, ports and electricity.
  4. 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. 
  5. Local taxes: It protects the smooth functioning of transportation of goods by ensuring octroi and local taxes.
  6. 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
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