Globalisation has ushered in the era of business without borders. Each country tries to balance its national revenue priorities vis-a-vis being an attractive destination for foreign investors. Thus transfer pricing is of paramount importance to multinational corporations operating in India. They also have to meet the rigorous and mandatory documentation requirements. Expertise in litigation, customs and services valuation is all the more essential under the proposed Advance Pricing Arrangements with Indian transfer pricing authorities. Business would ideally like to successfully pre-empt conflict in justification of arm’s length price before the relevant authorities on inter-group cross-country transfers.