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    <title>Compliance Audit of the agreement.</title>
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    <description>Rule 10P requires the Transfer Pricing Officer to carry out a yearly compliance audit of each year covered by an advance pricing agreement and may call for evidence showing compliance with the agreement&#039;s terms, critical assumptions, supporting data, and transfer pricing method. The officer must submit a compliance audit report within six months of receiving the Annual Compliance Report, and regular audit of covered transactions is barred where an agreement exists, except after cancellation.</description>
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    <pubDate>Sat, 01 Sep 2012 12:56:04 +0530</pubDate>
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      <description>Rule 10P requires the Transfer Pricing Officer to carry out a yearly compliance audit of each year covered by an advance pricing agreement and may call for evidence showing compliance with the agreement&#039;s terms, critical assumptions, supporting data, and transfer pricing method. The officer must submit a compliance audit report within six months of receiving the Annual Compliance Report, and regular audit of covered transactions is barred where an agreement exists, except after cancellation.</description>
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