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TMI BlogImplementation of the recommendations of the Joint Working Group on Transfer Pricing, comprising officers from Income Tax and Customs – regardingX X X X Extracts X X X X X X X X Extracts X X X X ..... Pt.I) Government of India Ministry of Finance Department of Revenue CBEC New Delhi, 8th May 2007 To All Chief Commissioners of Customs, All Chief Commissioners of Central Excise, All Director Generals/Chief Departmental Representatives, CESTAT, All Commissioners of Customs, All Commissioners of Central Excise and All Commissioners of Central Excise & Customs. Sir, Subjec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld be bi-monthly meetings at the regional level at each of the 4 metros, where Custom Houses with Special Valuation Branch (SVB) are located. These are Delhi, Mumbai, Chennai and Kolkata. From Customs side, the Regional office of the DGOV and from the Income Tax side the Regional Office of the Directorate of Transfer Pricing (DTP) may jointly coordinate such meetings. Since the SVBs are under the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Delhi, Mumbai, Chennai and Kolkata. The field officers from the two Departments will make available the respective data-base relating to Related Party/Associated Enterprises to each other on 'need to know' basis, . (c) There is a need to have training programmes for the officers handling transfer pricing matters in Income Tax as well as Customs Department. In the first tier, the Custom Officer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Kolkata should be held, as recommended in foregoing para 1(a). Minutes of the bi-monthly meetings shall be forwarded to the Director General (International Taxation) and the Director General (Valuation). The two Directors Generals will ensure that the meetings are conducted as per the recommendations of the Joint Working Group and the minutes reflect the constructive contents of ideas/views of b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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