Exchange of tax information empowers cross-border assistance for tax administration and enforcement under mutual agreement procedures. The Agreement creates a mechanism for the exchange of information between India and the Cayman Islands to assist tax administration and enforcement. Competent authorities must provide foreseeably relevant information, including bank and ownership records, subject to territorial control and limited exceptions for public entities where disproportionate difficulty arises. Requests must state identity, period, nature and tax purpose and follow prescribed procedural steps and timeframes. Confidentiality rules restrict use and onward disclosure; privileged communications and trade secrets are protected. Implementation, cost allocation, mutual agreement procedures and termination provisions are included.