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Imported booze may face 'reference price'
The move comes at a time when global giant Pernod Ricard is facing a tax demand of $244 million (around Rs 2,000 crore) for allegedly "under-invoicing" concentrate imports for several years. In the past, other players such as Diageo have been accused of undertaking similar practices to sell to their Indian arms, despite rules in place for transfer pricing and related party transactions.
The move comes at a time when global giant Pernod Ricard is facing a tax demand of $244 million (around Rs 2,000 crore) for allegedly "under-invoicing" concentrate imports for several years. In the past, other players such as Diageo have been accused of undertaking similar practices to sell to their Indian arms, despite rules in place for transfer pricing and related party transactions. 
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