Applicability of section 206ab if business is new

No. 206ab would not apply in this case I think.

A company located in Singapore is having a subsidiary office in India. Parent company (Singapore) deals in distribution & selling of medical Instrument via some dealers in India (India office is not involved in selling and all payments from customer/dealer end are directly made to Principal Company account in Singapore)

Section 206 AB will be applicable to Principal company in Singapore?