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    <description>Annual compliance reporting is required under an Advance Pricing Agreement for each year covered by the agreement. The assessee must furnish the report in Form 3CEF to the Director General of Income-tax (International Taxation) in quadruplicate within the prescribed time limit. The report is then circulated to the competent authority in India, the jurisdictional Commissioner of Income-tax, and the jurisdictional Transfer Pricing Officer.</description>
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