I (Meaning and importance of Exports) Unit Structure

particularly those engaged in international trade. The ICA is an 
apex body for the settlement of disputes in foreign trade. 
The ICA is registered as a non profit service organization 
under the societies registration act. The council is a grantee 
institution of the department of commerce. The jurisdiction of the 
council can be invoked only if there is an arbitration clause in the 
contract or if both the parties agree to refer the disputed matter to 
the council. The conduct of arbitration proceeding is governed by 
the rules of arbitration prepared by the council. 
8.2.2
ROLE OF INDIAN COUNCIL OF ABRITRATION 
The following are the important role played by Indian council 
of arbitration. 
(a) 
Regular Meetings and Training 
The ICA arranges regular meetings of businessmen, 
representatives of EPCs, and chambers of commerce and 
discusses problems relating to the settlement of disputes and the 
conduct of arbitration. 
(b) 
Publications 
The council has published a book called guide to arbitration 
in India which explains the rules and procedures of commercial 
arbitration under Indian 
law. The council also publishes “I.C.A. 
Arbitration Quarterly”. 
 
(c) 
Peaceful Settlement of Commercial Disputes 
The ICA is successful in solving large number of commercial 
disputes in a peaceful manner. The government has now decided 
to frame a comprehensive legalization an arbitration for India based 
on the united nations commission on international trade law 
(UNCDTRAL) model. 
8.3 DIRECTORATE GENERAL OF COMMERCIAL 
 
INTELLINGENCE AND STATISTICS (DGCI&S) 

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8.3.1 MEANING