q what do you mean by arbitrationans arbitration, Taxation

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q what do you mean by arbitrationans arbitration

Q. What do you mean by Arbitration?

Ans: Arbitration is a device for setting up difference between the Railway Administration and contractor by intervention of third person without the help of Court of Laws. Under the procedure the contractor may call for arbitration after 90 days of his presentation of final claim on disputed matter. There would be two Arbitration and also umpire over them. Arbitrators are appointed by General Manager.

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