210 / 370
Statutory Reports
Corporate Overview
Financial Statements
F-6
(Standalone)
72nd Annual Report 2016-17
(b)
There were no undisputed amounts payable in respect of Provident Fund, Employees’State Insurance, Income-tax, Sales Tax, Service Tax, Customs Duty,
Excise Duty, Cess and other material statutory dues in arrears as at March 31, 2017 for a period of more than six months from the date they became
payable.
(c)
Details of dues of Income-tax, Sales Tax, Service Tax, Customs Duty and Excise Duty which have not been deposited as on March 31, 2017 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
(
R
In Crores)
Income Tax Act 1961 Income Tax
High Court
2001-02, 2003-04
0.08
Appellate Tribunal
2011-12
19.21
Appellate Authority
upto Commissioner’s
level
2007-08, 2008-09, 2009-10 to 2012-13
57.71
Central Excise Laws
1
Excise Duty & Service Tax
High Court
2006-07 to 2008-09
45.35
Tribunal
1989-90 to 1992-93, 1994-95, 1996-97 to 2015-16
2,444.86
Appellate Authority
upto Commissioner’s
level
1984-85, 1995-96, 1997-98, 2000-01, 2007-08 to 2015-16
97.16
Sales Tax Laws
2
Sales Tax
Supreme Court
1995-96
13.01
Sales Tax
High Court
1984-85 to 1988-89, 1990-91, 2001-02 to 2005-06, 2007-
08, 2015-16
219.86
Sales Tax
Tribunal
1983-84, 1989-90, 1992-93, 1994-95, 2000-01 to 2001-02,
2005-06 to 2013-14
44.55
Sales Tax
Appellate Authority
upto Commissioner’s
level
1979-80, 1986-87, 1988-89 to 1990-91, 1992- 93 to
2015-16
533.75
Custom Laws
3
Custom Duty
CESTAT
1998-99, 2008-09, 2011-12
4.46
1
Net of
R
76.94 crores paid under protest;
2
Net of
R
117.90 crores paid under protest;
3
Net of
R
7.01 crores paid under protest.
(viii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of loans or borrowings to
financial institutions, banks and government and dues to debenture holders.
(ix)
In our opinion and according to the information and explanations given to us, the Company has not raised moneys by way of initial public offer or further
public offer (including debt instruments) and the term loans have been applied by the Company during the year for the purposes for which they were raised.
(x)
To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no material fraud on the Company
by its officers or employees has been noticed or reported during the year.
(xi)
In our opinion and according to the information and explanations given to us, the Company has paid /provided managerial remuneration in accordance with
requisite approval mandated by the provision of Section 197 read with Schedule V to the Companies Act, 2013 except for remuneration paid to the Managing
Director which is in excess of prescribed limits. The Central Government approval is awaited.
(xii)
The Company is not a Nidhi Company and hence reporting under clause (xii) of the Order is not applicable.