Page 172 - Tata_Chemicals_yearly-reports-2019-20

According to the information and explanations given to us, no undisputed amounts payable in respect of Provident fund,
Profession tax, Income-tax, Employees’ State Insurance, Duty of customs, Goods and Service tax, Cess and other material
statutory dues were in arrears as at March 31, 2020 for a period of more than six months from the date they became payable.
(b) According to the information and explanations given to us, there are no dues of Income-tax, Sales tax, Service tax, Duty of
customs, Duty of excise, Goods and Service tax and Value added tax as at March 31, 2020, which have not been deposited with
the appropriate authorities on account of any dispute, except as stated below:
Sr Amounts* Period to which the Forum where Dispute
No Name of Statute Nature of Dues (` In crore) amount relates is pending
1 Customs Act, 1962 Custom Duty 23.53 2012-13,2015-16 Tribunal (CESTAT)
0.35 1987-88, 1992-93, 2001- Appellate Authority upto
02, 2011-12, 2012-13 Commissioner’s level
2 Central Excise Act, 1944 Excise Duty 50.31 2005-06 High Court
45.96 2008-09, 2014-15, Tribunal (CESTAT)
2015-16
3 Central Sales Tax, 1956 and Sales Tax 32.61 2006-10, 2009-10, 2012- High Court
Sales Tax Act of Various state (Central and 13, 2015-16
State) and Value 3.81 2004-06, 2007-08, 2009- Tribunal (CESTAT)
Added Tax 10, 2011-14, 2016-17
12.03 1997 to 2017 Appellate Authority upto
Commissioner’s level
4 The West Bengal tax on entry Entry Tax 111.78 2012-13 to 2015-16 High Court
of Goods into Local Areas Act,
2012
5 The Finance Act 1994 (Service Service Tax 11.67 2010-11, 2011-12 Tribunal (CESTAT)
Tax)
6 Income Tax Act, 1961 Income Tax 10.87 AY 2012-13 Commissioner of
Income Tax (Appeals)
8.22 AY 2014-15 Tribunal (ITAT)
94.56 AY 2015-16 Tribunal (ITAT)
15.55 AY 2016-17 Commissioner of
Income Tax (Appeals)
* net of amounts paid under protest.

(viii) In our opinion and according to the information and (xi) According to the information and explanations given to
explanations given to us, the Company has not defaulted us and based on our examination of the records of the
in repayment of loans or borrowings to banks and dues Company, the Company has paid/provided for managerial
to debenture holders. The Company does not have any remuneration in accordance with the requisite approvals
outstanding dues to financial institutions and Government. mandated by the provisions of Section 197 read with
Schedule V to the Act.
(ix) According to the information and explanations given to us and
based on our examination of the records of the Company, the (xii) In our opinion and according to the information and
Company has not raised any moneys by way of initial public explanations given to us, the Company is not a Nidhi
offer or further public offer (including debt instruments) and company. Accordingly, paragraph 3 (xii) of the Order is not
has not obtained any term loans during the year. Accordingly, applicable to the Company.
paragraph 3 (ix) of the Order is not applicable to the Company.
(xiii) According to the information and explanations given to us
(x) According to the information and explanations given to us and based on our examination of the records of the Company,
by the management, we report that no material fraud by the transactions with the related parties are in compliance with
Company or on the Company by its officers and employees Sections 177 and 188 of the Act where applicable and details
has been noticed or reported during the year.

170 I INTEGRATED ANNuAL REPORT 2019-20