New Delhi, 23 March 2026: ONGC signs an Advance Pricing Agreement (APA) with the Central Board of Direct Taxes (CBDT), for the corporate guarantee extended to ONGC Videsh Limited Vankorneft Pte. Ltd., Singapore, bringing long-term clarity in tax treatment and eliminating the risk of protracted litigation. Finalised in just 2 months, well ahead of standard timelines, this milestone reflects strong collaboration between ONGC, CBDT, and KPMG.
