Advance Pricing Agreements provide five-year certainty for covered international transactions and streamline transfer pricing compliance. The CBDT executed five unilateral Advance Pricing Agreements on 31 March 2014 specifying the arm's length price for covered international transactions for a five year term. The APA regime, effective from 1 July 2012, provides pre filing consultations, detailed fact finding including site visits, and a Functions, Assets and Risks (FAR) analysis which the CBDT examines before submitting the report for final approval by the Central Government.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advance Pricing Agreements provide five-year certainty for covered international transactions and streamline transfer pricing compliance.
The CBDT executed five unilateral Advance Pricing Agreements on 31 March 2014 specifying the arm's length price for covered international transactions for a five year term. The APA regime, effective from 1 July 2012, provides pre filing consultations, detailed fact finding including site visits, and a Functions, Assets and Risks (FAR) analysis which the CBDT examines before submitting the report for final approval by the Central Government.
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