PSU NEWS
GAIL India and CBDT signed an agreement
GAIL (India) Limited and the Central Board of Direct Taxes (CBDT) entered into the Advance Pricing Agreement (APA) for determining the Transfer Pricing Margin payable on its long-term LNG sourcing contract from the USA for the period of five years.
GAIL India and CBDT signed an agreement
NEW DELHI- GAIL (India) Limited and the Central Board of Direct Taxes (CBDT) entered into the Advance Pricing Agreement (APA) for determining the Transfer Pricing Margin payable on its long-term LNG sourcing contract from the USA for the period of five years.
GAIL is the first PSU in the Oil & Gas sector in India to successfully sign the APA.
The APA was signed by Joint Secretary, FT & TR-1, CBDT Sh. Rasmi Ranjan Das and Sh. R.K. Jain, Director(Finance) GAIL.
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