Briefly explain the role of the Chamber of Commerce and Industry?
Answers
Answer:
Role of 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.
Explanation:
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Answer:
The Chamber's mission is creating an environment in which businesses can prosper. The main function of a Chamber of Commerce is to promote interest in local business possibilities. ... The Chamber works for industrial and business development, which supports new residents with their revenues for our community.