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<h1>Advance Pricing Agreements secure multi year certainty by specifying arm's length price for covered cross border transactions.</h1> The CBDT executed five unilateral Advance Pricing Agreements specifying the arm's length price for covered international transactions across several sectors, providing taxpayers multi year pricing certainty. The APA process includes pre filing consultations, detailed economic analysis, site visits and a functions, assets and risk (FAR) report prepared by the APA team and examined by the CBDT before submission for Central Government approval.