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    <title>Indian Advance Pricing Agreement regime moves forward with signing of four APAs by CBDT in August, 2017</title>
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    <description>Central Board of Direct Taxes executed four Advance Pricing Agreements in August 2017-three Unilateral and one Bilateral-bringing the total to 175 and covering sectors such as telecom, banking, manufacturing and education, and international transactions including royalty payments, IT and software services, manpower services, import and export of goods, and engineering design services. The APA framework, introduced in 2012 with Rollback provisions in 2014, aims to specify transfer pricing methods and set prices in advance to provide taxpayer certainty, with substantial uptake of the scheme and over eight hundred applications filed since inception.</description>
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