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COMMODITY QUOTES
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Arbitration Fees

Each of the parties to arbitration (other than a client with a claim / counter claim upto Rs. 10 lakh and filing the arbitration reference for the same within six months) shall deposit an amount, as may be prescribed by the Exchange, at the time of making arbitration reference. The deposits (exclusive of statutory dues - stamp duty, service tax, etc.) shall not exceed the amount as indicated under:

a. In order to have faster implementation of award and to discourage delayed filling of arbitrations by members, the fee structure (exclusive of statutory dues- stamp duty, service tax, etc.) for filing arbitration reference shall be as follows:

b.

Amount of Claim /Counter Claim, whichever is higher (Rs.) If claim is filed within six months from the date of dispute If claim is filed after six months from the date of dispute or after one month from the date of IGRP order, whichever is later If the claim is filed beyond the timeline prescribed in column 3 (only for member)
≤ 10,00,000 1.3% subject to a minimum of Rs.10,000 3.9% subject to a minimum of Rs.30,000 Additional fee of Rs.3,000/- per month over and above fee prescribed in column 3
> 10,00,000 - ≤ 25,00,000 Rs.13,000 plus 0.3% amount above Rs.10 lakh Rs.39,000 plus 0.9% amount above Rs.10 lakh Additional fee of Rs.6,000/- per month over and above fee prescribed in column 3
> 25,00,000 Rs.17,500 plus 0.2 % amount above Rs.25 lakh subject to maximum of Rs.30,000 Rs.52,500 plus 0.6 % amount above Rs.25 lakh subject to maximum of Rs.90,000 Additional fee of Rs.12,000/-per month over and above fee prescribed in column 3

c. The filing fee will be utilized to meet the fee payable to the arbitrators. Excess of filing fee over fee payable to the arbitrator, if any, to be deposited in the IPF of the respective exchange.

d. A client, who has a claim/counter claim upto Rs.10 lakh and files arbitration reference, will be exempted from filing the deposit.

e. In all cases, on issue of the arbitral award the exchange shall refund the deposit to the party in whose favor the award has been passed.

List of Arbitrators

Mumbai

Delhi

Surat

Chennai

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