The following points highlight the role and functions performed by Chamber of Commerce and Industry.
a. Facilitates interstate movement of goods-
It facilitates the activities related to the inter-state movement of goods by registering vehicles, formulating transport policies and by constructing roads and highways.
b. Levies Octroi and other local taxes-
Octroi and local taxes are charged on goods or from people entering into a state or municipal boundaries.
c. Brings together the sales tax and VAT structure of different states-
Chamber of Commerce and Industry ensures that these taxes are uniform across states for maintaining a balance in trade.
d. Development of a sound infrastructure- Chamber of Commerce and Industry interacts with the government and convince them to invest in the development of infrastructure such as roads, highways, ports, railways, electricity, etc.
e. Formulation of laws-
Another important function by them is to interact with the government to formulate policies and measures to avoid duplication of brands.
f. Ensures uniform excise duty across states-
Chamber of Commerce and Industry ensures that the excise duty imposed by the central government is uniform across states.
g. Promotes and markets agro- products-
Chamber of Commerce and Industry often interacts with the associations of agriculturalists and other cooperative societies for marketing agro- products.
