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    <title>Indian Advance Pricing Agreement regime moves forward with signing of nine UAPAs by CBDT in July, 2018</title>
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    <description>The Central Board of Direct Taxes entered into nine additional Unilateral Advance Pricing Agreements in July 2018, raising total APAs to 232 (including 20 bilateral agreements). The UAPAs cover varied sectors and international transactions-software services, manufacturing and sale of engineering goods, import of raw materials, royalty and AMP payments-and resolve transfer pricing issues like capacity utilization adjustments and the treatment of AMP expenses, reflecting maturation of the APA Scheme and an emphasis on a non-adversarial tax regime.</description>
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