Exchange of information enables cross-border tax information sharing to assist administration, assessment, collection and enforcement of tax laws. The Agreement creates a mechanism for competent authorities to exchange information foreseeably relevant to the administration and enforcement of domestic tax laws, including determination, assessment, collection, recovery, investigation and prosecution of tax matters; domestic rights and safeguards of the requested Party remain applicable insofar as they do not unduly prevent or delay effective exchange. The Central Government has notified that the Agreement shall be given effect within the Union of India.