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of <h1>CBDT Signs Nine Unilateral Advance Pricing Agreements in July 2017 to Enhance Tax Certainty Across Multiple Sectors.</h1> The Central Board of Direct Taxes (CBDT) signed nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in July 2017, some including rollback provisions. The APA Scheme aims to provide tax certainty in transfer pricing for up to nine years, covering diverse sectors like Oil & Gas, Education, Banking, Pharmaceuticals, Manufacturing, and IT. These agreements address international transactions such as software development, IT services, engineering design, distribution, and manufacturing. In the current financial year, 18 UAPAs and one Bilateral APA have been signed, totaling 171 APAs to date, reflecting the government's commitment to a non-adversarial tax regime.
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