GAIL (India) and the Central Board of Direct Taxes (CBDT) entered right into a landmark improve pricing agreement (APA) for determining the transfer pricing margin payable on its lengthy-term LNG sourcing contract from USA for the duration of 5 years.
The APA Scheme enhances the authorities’s goal of promoting a non-adverse tax gadget and improve the ease of doing business in India. GAIL is the first PSU in oil & gasoline region in India to efficiently sign the APA.
The APA become signed by way of Joint Secretary, FT & TR -1, CBDT Sh. Rasmi Ranjan Das and Sh. R.K. Jain, Director (Finance) GAIL(lndia) Ltd.
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