Modest gifts, favors, and entertainment are often used to strengthen business relationships. However, no gift, favor, or entertainment should be accepted or given if it obligates, or appears to obligate, the recipient, or if it might be perceived as an attempt to influence fair judgment.
In general, unless you have supervisory approval you should not provide or demand any gifts or entertainment to or from customers, suppliers, or other applicable parties.
All directors, executives, and anyone else in the company participating in vendor or partner selection, must disclose all gifts and entertainment received valuing over INR 5000 six months prior to the vendor selection and during the term of the services and for a period of twelve months after services have been completed.