Page 262 - Tata_Chemicals_yearly-reports-2017-18

44. Commitments

` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
Estimated amount of contracts remaining to be executed on capital account and not
provided for 348.24 146.89
Capital commitment towards investment in joint ventures/subsidiaries 1.20 -
Commitment towards partly paid investments 9.19 -
For commitments related to derivatives and leases refer note 40 and 37 respectively.
The above commitments include ` 1.01 crore (2017 : ` 1.88 crore) relating to discontinued operations

45. Contingent liabilities and assets

45.1 Contingent liabilities
(a) Claims not acknowledged by the Group relating to cases contested by the Group and which, in the opinion of the
Management, are not likely to devolve on the Group relating to the following areas:
` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
(i) Excise, Customs and Service Tax 49.73 34.38
(ii) Sales Tax 51.70 56.44
(iii) Demand for utility charges 14.47 11.02
(iv) Labour and other claims against the Group not acknowledged as debt 29.59 28.12
(v) Income Tax (pending before Appellate authorities in respect of which the
Group is in appeal) 656.29 500.21
(vi) Income Tax (decided in Group’s favour by Appellate authorities and
Department is in further appeal) 47.15 47.15
(vii) Contractual obligation upto 100.11 -

Item (i) to (vii) above includes ` 136.65 crore (upto) (2017: ` 45.37 crore) relating to discontinued operations.
(b) Various claims pending before Industrial Tribunals and Labour Courts of which amounts are indeterminate.

45.2 Contingent assets
` in crore
Particulars As at As at
31 March, 2018 31 March, 2017
(a) Income Tax (pending before Appellate authorities in respect of which the Group is in
appeal) 87.02 87.02
(b) Legal cases - 0.24

260 Annual Report 2017-18