Exchange of information enables mutual tax assistance and access to bank, ownership and fiduciary records, subject to confidentiality. The Agreement requires competent authorities of India and Maldives to exchange information foreseeably relevant to tax administration and enforcement, including bank, fiduciary and ownership information, subject to territorial jurisdiction and confidentiality. Requests must state identity, period, nature and tax purpose and demonstrate grounds for believing information exists; the requested Party must use available information-gathering measures, confirm receipt, notify deficiencies promptly, and may decline requests on defined grounds including public policy, legal privilege and disproportionate difficulty.