Page 262 - Tata Chemical Annual Report_2022-2023

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.
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