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Atul Ltd | Annual Report 2012-13
Notes
to financial statements
(
`
cr)
NOTE 27.1 CONTINGENT LIABILITIES
As at
March 31, 2013
As at
March 31, 2012
(i) Claims against the Company not acknowledged as debts
in respects of:
(a) Excise
5.84
6.25
(b) Income tax
35.03
27.70
(c) Sales tax
-
0.74
(d) Customs
2.78
2.78
(e) Water charges
71.92
68.63
(f) Others
13.54
13.26
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determinable on receipt of judgements | decisions pending with
various forums | authorities.
(ii) Guarantees given by the Company :
(a) Corporate guarantee to a bank on behalf of subsidiary
company for facilities availed by them
8.23
1.11
(
`
cr)
NOTE 27.2 COMMITMENTS
As at
March 31, 2013
As at
March 31, 2012
Estimated amount of contracts remaining to be executed on capital
accounts and not provided for (net of advances)
20.56
13.97
NOTE 27.3 RESEARCH AND DEVELOPMENT
Details of expenditure incurred on in-house Research and Development (R&D) facilities approved by Department of
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of Income Tax Act, 1961.
(
`
cr)
Particulars
2012-13
2011-12
Capital expenditure
3.80
0.40
Recurring expenditure
12.88
10.48
16.68
10.88
(
`
cr)
NOTE 27.4 CIF VALUEOF IMPORT, EXPENDITURE, REMITTANCES
AND EARNINGS IN FOREIGN CURRENCY
2012-13
2011-12
(a) CIF value of imports:
Raw materials
313.91
309.54
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10.98
11.03
Capital goods
4.45
5.47
(b) Expenditure in foreign currency:
Commission
4.72
4.24
Other matters
16.67
8.58
(c) Other remittances:
Loan repayments
153.83
210.68
(d) Earnings in foreign currency:
FOB value of exports
952.40
777.55