Bengal Chamber of Commerce & Industry settles civic tax dispute The BCC&I dipped into its internal reserves and arranged special funding from external sources to pay off Rs 9.61 crore in municipal taxes
Bengal Chamber of Commerce & Industry (BCC&I) has put an end to the three-and-half decade long tax dispute with Calcutta Municipal Corporation, clearing the air of uncertainty over the oldest business chamber in the country.
BCC&I, which is owner of the iconic Royal Exchange building at Dalhousie, dipped into its internal reserves and arranged special funding from external sources to pay off Rs 9.61 crore in municipal taxes.