Fees
Bombay Chamber of Commerce and Industry Arbitration – Schedule of Fees
Sr. No. | FEES FOR ARBITRATORS [Per Arbitrator] : |
Amount (Rs.)
|
Amount (Rs.)
(inclusive of GST @ 18%)
|
---|---|---|---|
1 | Fees for Arbitrators | ||
For each sitting |
80,000/- |
94,400/- |
|
Cost of adjournment |
4,000/- |
4,720/- |
|
For making the Award and administrative charges |
15,000/- |
17,700/- |
|
2 | Administrative Charges of Chamber | ||
Processing charges per case to be paid at the time of reference of the case |
12,500/- |
14,750/- |
|
Services Charges for each sitting |
15,000/- |
17,700/- |
|
Adjournment Charges |
2,500/- |
2,950/- |
|
3 | DEPOSIT to be paid by each party to the dispute : | ||
Advance Payment |
1,07,500/- |
1,26,850/- |
|
Before the third and before every subsequent alternate sitting (expenses for 2 meetings) |
1,90,000/- |
2,24,200/- |