Atul Ltd 2014-15

111 ( ` cr) NOTE 28.1 CONTINGENT LIABILITIES As at March 31, 2015 As at March 31, 2014 i) C laims against the Company not acknowledged as debts in respects of: a) Excise 7.25 7.21 b) Income tax 8.33 28.10 c) Sales tax 0.67 0.67 d) Customs 0.18 2.78 e) Water charges 79.84 77.03 f) Customer claims 32.35 – g) Others 14.93 14.64 Note: Future cash outflows in respect of (a) to (g) above are determinable on receipt of judgements | decisions pending with various forums | authorities. ii) Guarantees given by the Company: Corporate guarantee to a bank on behalf of a subsidiary company for facilities availed by it 9.25 9.98 ( ` cr) NOTE 28.2 COMMITMENTS As at March 31, 2015 As at March 31, 2014 Estimated amount of contracts remaining to be executed on capital accounts and not provided for (net of advances) 121.86 23.57 NOTE 28.3 RESEARCH AND DEVELOPMENT Details of expenditure incurred on in-house Research and Development facilities approved by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India under Section 35 (2AB) of Income tax Act, 1961. ( ` cr) Particulars 2014-15 2013-14 Capital expenditure 1.59 6.53 Recurring expenditure 17.94 16.06 19.53 22.59 ( ` cr) NOTE 28.4  CIF VALUE OF IMPORT, EXPENDITURE, REMITTANCES AND EARNINGS IN FOREIGN CURRENCY 2014-15 2013-14 a) CIF value of imports: Raw materials 371.05 387.16 Trading finished goods 15.91 28.46 Capital goods 5.83 7.68 b) Expenditure in foreign currency: Commission 3.04 4.64 Legal and professional charges 0.03 0.02 Finance costs 4.68 6.32 Other matters 10.84 13.13 c) Other remittances: Loan repayments 64.35 111.44 d) Earnings in foreign currency: FOB value of exports 1,163.41 1,045.26 Notes to the Financial Statements