This Schedule of Fees is effective as of 15 June 2016 and is applicable to all arbitrations commenced on or after 15 June 2016. This Schedule of Fees may be amended from time to time and any revised Schedule of Fees shall take effect as of the date determined by the Council.
The administration fees calculated in accordance with the Schedule below apply to all arbitrations administered by MCIA and is the maximum amount payable to MCIA.
|Sum in Dispute (INR)||Administration Fees (INR)|
The administration fees do not include the following:
- Fees and expenses of the Tribunal
- Usage cost of facilities and support services for and in connection with any hearing (e.g. hearing rooms and equipment, transcription and interpretation services etc)
- Out of pocket expenses
The fee calculated in accordance with the Schedule below is the maximum amount payable to one arbitrator
|Sum in Dispute (INR)||Arbitrator’ s Fees (INR)|
EMERGENCY INTERIM RELIEF FEES
The following fees shall be payable in an Emergency Interim Relief application under Rule 14 of the Arbitration Rules of MCIA:
- 1. Administration Fee for Emergency Arbitrator Applications: Rs.80,000
- 2. Emergency Arbitrator’ s Fees: The Emergency Arbitrator’ s fees shall be capped at 20% of a sole arbitrator’ s maximum fee calculated in accordance with the Schedule of Fees in force at the time of commencement of the arbitration, but shall be not less than Rs.300,000
The appointment fee is payable where a request for appointment of arbitrator is made in an ad hoc case. The fee is payable by the party requesting the appointment. A request for appointment must be accompanied by payment of the appointment fee prescribed below.
|1 arbitrator||2 arbitrators||3 arbitrators|
|Rs. 50,000||Rs. 65,000||Rs. 80,000|