Prior agreement key to categorisation of international transaction: Tax ruling

As per the details of the case Gujarat Gas Trading Company had entered into an international transaction for corporate guarantee with BG Energy Holding. The associated enterprise—BG Energy Holding had also entered into an agreement to purchase of natural gas with Cairn Energy Group (“Cairn”) from its Laxmi Gas field.

from Economy-News-Economic Times https://ift.tt/33V3Nqd