§237-19 Consideration paid not indicative of true value. Where delivery of any products is made by a taxpayer, taxable under this chapter, to other affiliated companies or persons, or under other circumstances where the relation between the manufacturer or producer and the receiver of the products is such that the consideration paid, if any, is not indicative of the true value of the products delivered, the taxpayer shall pay the tax imposed by this chapter for the privilege of engaging in the business of producing or manufacturing the products so delivered, measured by the value, corresponding as nearly as possible to the gross proceeds of sale of similar products, of like quality and character, by other persons, where no common interest exists between the buyer and seller but the circumstances and conditions are otherwise similar. If no such comparable sales exist between nonaffiliated buyers and sellers, the department of taxation shall prescribe equitable and uniform rules for ascertaining the value. [L 1935, c 141, §2II; RL 1945, §5456; RL 1955, §117-17; am L Sp 1959 2d, c 1, §16; HRS §237-19]