Guidance implementing “rollback” rules under India’s advance pricing agreement (APA) program was issued in March 2015.
The Central Board of Direct Taxes issued Notification No. S.O. 758 (E) of 2015 (14 March 2015) to bring the APA rollback rules into effect, and the notification addresses applicability of and the requirements for the APA rollback measures.
Also, APA pre-filing consultations—previously, mandatory—are now optional. Accordingly, an applicant can directly file the APA application on Form No. 3CED without first having to file a request for a pre-filing consultation meeting.
Read a March 2015 report [PDF 404 KB] prepared by the KPMG member firm in India: Indian Advance Pricing Agreements – Rollback Rules Notified and Pre-Filing Consultation Made Optional