114 Annual Report 2023-24 Atul Ltd 07. In respect of statutory dues: a) The Company has been generally regular in depositing undisputed statutory dues of the year, including goods and service tax, provident fund, employees’ state insurance, income tax, sales tax, service tax, duty of customs, duty of excise, value added tax, cess, and other material statutory dues applicable to it to the appropriate authorities. T here were no undisputed amounts payable in respect of goods and service tax, provident fund payable, employees’ state insurance, income tax, sales tax, service tax, duty of customs, duty of excise, cess and other material statutory dues in arrears as at March 31, 2024, for a period of more than six months from the date they became payable. b) Details of statutory dues referred to in Sub clause (a) above which have not been deposited as on March 31, 2024, on account of disputes are given below: Name of statute Nature of dues Forum where dispute is pending Period to which the amount relates Amount unpaid (` cr) Income Tax Act, 1961 Income tax Commissioner of Income Tax (Appeals) Various years from AY 2009-10 to 2018-19 10.24 Income Tax Appellate Tribunal AY 2010-11 and AY 2017-18 3.21 High Court AY 2002-03 0.02 The Central Excise Act, 1944 and Chapter V of the Finance Act, 1994 Excise duty and Service tax Commissioner (Appeals) Various year from 1993 to 2016 0.53 Customs, Excise and Service Tax Appellate Tribunal Various year from 1992 to 2018 1.64 High Court 1994-95 3.53 Customs Act, 1962 Custom duty Commissioner (Appeals) Various year from 1994-2009 3.19 High Court 2017-18 1.76 08. There were no transactions relating to previously unrecorded income that were surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 (43 of 1961) during the year. 09. a) The Company has not defaulted in the repayment of loans or borrowings or in the payment of interest thereon to any lender during the year. b) The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority. c) The Company has not taken any term loans during the year and there are no outstanding term loans at the beginning of the year and hence, reporting under clause (ix)(c) of the Order is not applicable. d) On an overall examination of the Standalone Financial Statements of the Company, funds raised on short-term basis have, prima facie, not been used during the year for long-term purposes by the Company. e) On an overall examination of the Standalone Financial Statements of the Company, the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiary companies, associate companies and joint ventures. f) The Company has not raised loans during the year on the pledge of securities held in its subsidiary or joint venture or associate company. 10. a) The Company has not issued any of its securities (including debt instruments) during the year and hence reporting under Clause (x)(a) of the Order is not applicable.
RkJQdWJsaXNoZXIy MjA2MDI2