THE concept of Third Party Invoicing is widely recognized in domestic as well as international trade.It involves a bill-to-ship-to model between 3 parties. Equally popular is the concept of trade between countries which are signatories to a Free Trade Agreement. It results in the trade of goods between countries at preferential tariff rates

THE OECD has recently (on^9thApril, 2018) released what it calls Transfer Pricing Country Profile in respect of 14 additional countries including China and India. The total country profiles now available is 44.

As has been clarified, these country profiles focus on countries' domestic legislation regarding key transfer pricing principles,