Parallel Import in India
People often say that the world is not only “Black and White” but there are many other shades which pose difficult question. Parallel import, which is also known as “Grey area” is one of them. Parallel imports are goods produced genuinely under protection of a trademark, patent, or copyright, placed in one market, and then imported into another market without the approval of the Intellectual Property Right holder. Through this chapter, the Author(s) have tried to give an insight on parallel imports by discussing all possible national and international issues related to it. Some principal concepts like exhaustion, regional and global have acquired considerable space in the chapter. A brief contemporary view on parallel import has also been taken by the author(s). The contradictory views; one which favours the Parallel imports by endorsing that it enhances the local competition; and another which condemns parallel imports are covered in the later part of the chapter.