121 / 236
119
Note 27.1 Contingent liabilities
(
`
cr)
Particulars
As at
March 31, 2017
As at
March 31, 2016
As at
April 01, 2015
Claims against the Company not acknowledged as debts in
respects of:
i) Excise duty
8.00
7.70
7.25
ii) Income tax
6.24
7.52
8.33
iii) Sales tax
0.67
0.67
0.67
iv) Custom duty
0.18
0.18
0.18
v) Water charges
87.27
86.39
79.84
vi) Others
6.43
14.83
15.34
vii) 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 Company expects the
judgement 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 Company 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 27.2 Commitments
a) 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
25.09
44.96
121.86
Note 27.3 Research and Development
Details of expenditure incurred on approved in-house Research and Development facilities:
(
`
cr)
Particulars
2016-17
2015-16
Capital expenditure on building
6.07
–
Other capital expenditure
12.86
1.32
Recurring expenditure
19.00
18.16
37.93
19.48
Notes
to the Financial Statements