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

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....ordance with rule 106, the request shall be dealt with subject to provisions of this rule. (2) The process for bilateral or multilateral advance pricing agreement shall commence only if the associated enterprise located outside India has initiated process of advance pricing agreement with the competent authority of the other country. (3) On intimation of request of the applicant for a bilate....

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.... applicant. (6) In case of failure to reach agreement on mutually acceptable terms as mentioned in sub-rule (4), the applicant shall be informed of the same. (7) The applicant shall not be entitled to be part of discussion between competent authority of India and the competent authority of the other country or countries, as the case may be, but the applicant may communicate or meet the compe....