Page 262 - Tata Chemical Annual Report_2022-2023
P. 262

Integrated Annual Report 2022-23                01-83                   84-192                  193-365
                                                                                                                                     Integrated Report       Statutory Reports       Financial Statements
                                                                                                                                                                                     Standalone



                  ` in crore  Total   (150)   -      152    228    33    13    18    15    7    11    135    69    8    6    121    96    150    -      15    15    -      75    28    36    -      1    13    11    15    (1)   165    706    -      (701)   (1)   (1)   91    10    3    -      3    4   40.  Commitments  As at   ` in crore

            Transactions with Related parties (as defined under Ind AS 24) during the year ended March 31, 2023 and balances outstanding as at
                                                                                                                                                                                                                                 As at
                      Key   Management   Personnel (KMP)   -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      13    11    15    (1)   -      -      -      -      -      -      6    5    -      -      -      -     Particulars  March 31, 2023  March 31, 2022
                                                                                                                                        Estimated amount of contracts remaining to be executed on capital account
                                                                                                                                                                                                                                  596
                                                                                                                                                                                                                    520
                             -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      28    36    -      -      -      -      -      -      5    3    -      -      -      -      -      2    -      -      -      -     and not provided for
                      Other   related   parties
                                                                                                                                   41.1 Contingent liabilities
                                                                    -
                                                             -
                                                                   -
                                                                -
                                                               -
                                                            -
                                                       15
                                                     -
                                                    150
                                                           -
                                                         -
                                                        15
                                                                                            3
                                                                                         1
                                                                                       82
                                                                                                 -
                                                                                                -
                                                                                             -
                                                                           152
                                                                       -
                                                                      -
                                                                                 -
                                                                               -
                                                                            1
                                                  15
                                    -
                                      4
                                       4
                                   1
                               -
                                147
                                  1
                                              8
                                                6
                                                 19
                                             2
                                         2
                                          2
                                            4
                                                                                     (1)
                             (150)
                                                                                   (1)
                         Entities
                       Other
                    Tata Sons Private Ltd. Its   Subsidiaries and Joint Ventures  Tata Consultancy   Services   Limited   -      -      -      -      -      -      11    14    -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      1    -      -      -      -     Management, are not likely to devolve on the Company relating
                                                                                                                                   (a)   Claims not acknowledged by the Company relating to the cases contested by the Company and which, in the opinion of the
                                                                                                                                                                                                                  As at
                                                                                                                                                                                                                                 As at
                    Promoter  Tata Sons   Private   Ltd.   -      -      -      -      -      -      -      -      -      -      -      -      14    1    11    -      -      -      -      -      10    -      10    -      -      -      -      -      102    -      81    -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -
                                                                                                                                            Excise, Customs and Service Tax @
                                                                                                                                        (i)
                                                                                                                                                                                                                                   42
                                                                                                                                                                                                                     42
                                                                                                                                                                                                                     39
                                                                                                                                                                                                                                   39
                    Joint Venture of Tata   Chemicals Limited  Tata   Indo Maroc   Industries   Phosphore   Limited  S.A. Morocco   -      -      -      -      -      -      -      -      -      -      92    28    -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -     (ii)  Sales Tax @   634    618
                                                                                                                                                                                                                                   11
                                                                                                                                        (iii)  Labour and other claims against the Company not acknowledged as debt
                                                                                                                                                                                                                     11
                                                                                                                                        (iv)   Income Tax (pending before Appellate authorities in respect of which the Company
                                                                                                                                            is in appeal) **
                      Natrium   Holdings   Limited    -      -      -      -      -      -      -      -      -      -      -      -      -      -      2    3    -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -
                                                                                                                                            is in further appeal)
                       Tata Chemicals   Europe Limited   (4)   (3)   1    1                     1    1                             (b)   Guarantees provided by the Company to third parties on behalf of subsidiaries aggregates Nil (` Nil) (2022: USD 34.20 million &
                             -      -      -      -      -      -      -      -      -      1    -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      701    -      (701)   -      -      -      -      -      -      -      -     GBP 120.00 million (` 1,453 crore)).
                      Homefield   UK Private   Limited, U.K.   *    -      -      225    -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -    The sales to and purchases from related parties including other transactions with them are made in the normal course of
                                                                                                                                       computation of, or eligibility of the Company’s availment of certain tax incentives or allowances. Most of these disputes and/or
                                                                                                                                       disallowances are repetitive in nature spanning across multiple years. All the Tax demands are being contested by the company.
                    Subsidiaries of Tata Chemicals Limited  Tata Chemicals   Tata Chemicals   International Pte.  Magadi Limited,   Limited, Singapore  U.K   -      -      5    2    -      -      (2)   (2)   -      1    -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      3    1    -      -      1    -    The above figures do not include pro
                                                                                                                                       protest. Custom Duty cases include disputes pertaining to import of capital equipment against scripts, tariff classification issues,
                                                                                                                                       denial of FTA benefit. VAT/CST/Entry Tax cases include disputes pertaining to Way Bill, reversal/disallowance of input tax credit,
                      Tata Chemicals North   America Inc, United   States of America   -      -      -      -      -      -      (3)   (2)   -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      1    1      pending declaration forms. All the Tax demands are being contested by the company.
                                                                                                                                        It is not practicable for the Company to estimate the timings of cash outflows, if any, in respect of the above pending resolution
                                                                                                                                       of the respective proceedings as it is determinable only on receipt of judgments / decisions pending with various forums/
                      Gusiute   Holdings   (UK) Limited   -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      75    -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -      -    For Guarantee to third parties on behalf of subsidiaries in related parties as at March 31, 2023 refer 41.1.(b)     authori
                                                                                                                                        The company has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are
                                                                                                                                       required and disclosed as contingent liabilities where applicable, in the Standalone Financial Statements.
                      Rallis India   Limited,   India   -      -      -      -      32    13    (3)   (7)   2    3    29    29    -      -      -      -      -      -      -      -      -      -      -      -      -      1    -      -      -      -      5    1    -      -      -      -      -      -      -      -      -      1   41.2 Contingent assets  ` in crore
                                                                                                                                                                                                                                 As at
                                                                                                                                                                                                                  As at
               March 31, 2023  Transactions with related parties Loan reassignment/Investments redeemed/sales Purchase of goods (includes stock in transit) -    Other services - expenses & (Reimbursement of   Miscellaneous purchases/Services  Investment in perpetual instrument  Redemption of Preference shares  Contributions to employee benefit trusts  Other employees' related expenses Compensation to key Managerial Person  Balances due from /to related parties Amount
                                                                                                                                        Income Tax (pending before Appellate authorities in respect of which the Company is
                                                                                                                                                                                                                                   46
                                                                                                                                                                                                                     29
                                                                                                                                        in appeal)
                       Particulars  (net of returns)  Sales ( Net )  Other services - Income  Dividend received  Dividend paid  Interest Received  Short-term employee benefits  Post-employment benefits  As at March 31, 2023  As at March 31, 2022  Impairment of loans  As at March 31, 2023  As at March 31, 2022  Deposit - Receivable/(payable)  As at March 31, 2023  As at March 31, 2022  As at March 31, 2023  As at March 31, 2022  Interest Accrual  As at March 31, 2023
            (b)                       Expenses)                                                     1.   2.    3.    4.    5.
           260                                                                                                                                                                                                                    261
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