The Ministry of Finance has notified an “Advance Pricing
Agreement Scheme” (Rules 10F to 10T of Income Tax Rules, 1962) vide notification
No. 36/2012 dated 30-8-2012. The Finance Act, 2012 had inserted sections 92CC
and 92CD in the Income Tax Act 1961 introducing the provisions of Advance
Pricing Agreement (APA). The APA Scheme shall come into effect from the date of
its publication in the Official Gazette, i.e. from 30.08.2012.
