89 / 168
87
Name of the
statute
Nature of
dues
Amount
(
`
cr)
1
Period to which
the amount
relates
Forum where the dispute is
pending
2
Central Excise
Act, 1944
Excise and
service tax
0.49
7.72
3.53
1986 to 2014
1992 to 2010
1993-94
Commissioner (Appeals)
Customs, Excise and Service Tax Appellate
Tribunal
High Court
11.74
Customs Act,
1962
Customs duty
0.59
1.76
1995 to 2009
1997-98
Commissioner (Appeals)
Customs, Excise and Service Tax Appellate
Tribunal
2.35
Income Tax Act,
1961
Income tax
1.13
0.95
2006-07
2010-11
Commissioner of Income Tax (Appeals)
Income Tax Appellate Tribunal
2.08
1
Net of amounts deposited. |
2
Necessary stay received from respective authorities.
c) The amount required to be transferred to
Investor Education and Protection Fund has
been transferred within the stipulated time
in accordance with the provisions of the
Companies Act, 1956 and the rules made
thereunder.
viii) The Company has no accumulated losses as at the
end of the financial year and it has not incurred any
cash losses in the financial year ended on that date
or in the immediately preceding financial year.
ix) According to the records of the Company examined
by us and the information and explanations given
to us, the Company has not defaulted in repayment
of dues to any financial institution or bank. The
Company has not issued any debenture as at the
Balance Sheet date.
x) In our opinion, and according to the information
and explanations given to us, the terms and
conditions of the guarantees given by the Company
for loans taken by others from banks or financial
institutions during the year are not prejudicial to
the interest of the Company.
xi) In our opinion, and according to the information
and explanations given to us, the term loans have
been applied for the purposes for which they were
obtained.
xii) During the course of our examination of the
books and records of the Company, carried out in
accordance with the generally accepted auditing
practices in India and according to the information
and explanations given to us, we have neither come
across any instance of material fraud on or by the
Company, noticed or reported during the year, nor
have we been informed of any such case by the
Management.
For Dalal & Shah Chartered Accountants LLP
Firm Registration Number: 102020W| W-100040
S Venkatesh
Mumbai
Partner
April 30, 2015
Membership Number: 037942