Global changes in business and tax environments are having profound impact on the volume and value of trade and transfer pricing strategies. A large share of world trade consists of transfer of merchandise and services within multinational enterprises. By following transfer pricing practices carefully, multinational businesses can manage risk while improving operational and financial performance based on a long-term view of sustainable growth. The development of optimal transfer pricing regulations has become a key accounting issue in the context of Indian economy. The finance Act, 2001 introduced the detailed Transfer Pricing Regulations (TPR) in India with effect from April I, 2001 corresponding to the assessment year 2002-2003. Absence of such regulations resulted in litigation and loss of revenue to the exchequer. This book describes and examines various aspects of transfer pricing including import of raw material, other consumable stores, transfer of dividends, royalties, technical fees and other services. It provides an insight into corporate strategies, financial goals and performance evaluation in the context of global and Indian legislations and standards pertaining to transfer pricing. This up-to-date work is useful for post-graduate students, researchers, analysts, tax experts, and corporate executives.
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