Advance Pricing Agreement procedure requires consultation, enquiry, draft agreement preparation, and government approval before execution.

Procedure under the Advance Pricing Agreement Scheme requires the team or competent authority in India to process a proceeded application through consultation with the applicant, including meetings, requests for additional information, business visits, and inquiries. In bilateral or multilateral cases, the application is forwarded to the Director General of Income-tax (International Taxation) for assignment to a team, enquiry, and draft report. The applicant may also trigger the rule 44GA procedure, and the final agreement is entered into by the Board after Central Government approval, with a copy sent to the jurisdictional Commissioner.

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