Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 Note 29.1 Contingent liabilities ( ` cr) Particulars As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Claims against the Group not acknowledged as debts in respects of: i) Excise duty 8.00 7.70 7.25 ii) Income tax 8.23 9.10 8.56 iii) Sales tax 0.68 0.67 0.67 iv) Service tax 0.01 0.01 0.01 v) Custom duty – 0.18 0.18 vi) Water charges 89.28 89.65 79.84 vii) Others 6.02 14.42 14.93 viii) In respect of a customer claim amounting to ` 32.35 cr, the Company, based on legal opinion, believes that the claim will not sustain. The above matters are currently being considered by the tax authorities | various forums and the Group expects the judgements will be in its favour and has therefore, not recognised the provision in relation to these claims. Future cash outflow in respect of above will be determined only on receipt of judgement | decision pending with tax authorities | various forums. The potential undiscounted amount of total payments for taxes that the Group may be required to make if there was an adverse decision related to these disputed demands of regulators as of the date reporting period ends are as stated above. Note 29.2 Commitments Capital commitments Capital expenditure contracted for at the end of the reporting period but not recognised as liabilities is as follows: ( ` cr) Particulars As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Estimated amount of contracts remaining to be executed and not provided for (net of advances): Property, plant and equipment 35.73 47.13 121.86 Note 29.3 Research and Development Details of expenditure incurred on approved in-house Research and Development facilities. ( ` cr) Particulars 2016-17 2015-16 Capital expenditure 12.86 1.32 Recurring expenditure 19.00 18.16 Capital expenditure on building 6.07 – 37.93 19.48 Notes to the Consolidated Financial Statements