Procedure to deal with requests for bilateral or multilateral advance pricing agreements.

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....ion filed in Form No. 3 CED in accordance with rule 10-I, the request shall be dealt with subject to provisions of this rule. (2) The process for bilateral or multilateral advance pricing agreement shall not be initiated unless the associated enterprise situated outside India has initiated process of advance pricing agreement with the competent authority in the other country. (3) The compete....

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....hority in other country or countries, as the case may be, and intimate the same to the applicant. (6) In case of failure to reach agreement on such terms as are mutually acceptable to parties mentioned in sub-rule 4, the applicant shall be informed of the failure to reach an agreement with the competent authority in other country or countries. (7) The applicant shall not be entitled to be pa....