2010 - 11 - Dabur India Limited

Dabur India Limited // Half Yearly Report 2010-11
Schedules to Consolidated Financials
Schedule A (Contd...)
II.
In respect of letters of credit Rs.1,931 (previous year Rs.2,206).
III. In respect of bank guarantees executed Rs.2,397 (previous year Rs.2,744).
IV. In respect of sales tax under appeal Rs 891 (previous year Rs.1,336).
V. In respect of excise duty disputes pending with various judicial authorities Rs.2,508 (previous year
Rs.2,321).
VI. In respect of corporate guarantees given by the company Rs. Nil (previous year Rs.9).
VII. In respect of Income Tax under appeal Rs.110 (previous year Rs.118).
VIII. Estimated amount of contract remaining to be executed on Capital Account Rs.3,266 (previous year
Rs.3,192) net of advances Rs.1,412 (previous year Rs.2,187)
IX. In respect of Bill Discounted Rs.2,497 (previous year Rs.3,416)
Considering the remote possibility of outflow in respect of above no provision is deemed necessary as
envisaged in AS 29 issued by ICAI.
2.2.2 Information pursuant to AS 29 issued by ICAI
i) Brief particulars of provision under AS 29 carried forward from previous year without adding to or
withdrawing therein /therefrom any amount:
Nature of liabilities Particulars of dispute Amount Forum under which the dispute is pending
VAT Short Payment of VAT 42 IInd appeal Filed
Sales Tax Classification of Lal Dant Manjan 36 Filed review application with High Court
Sales Tax Classification of Gulabari 1 Appeal Filed before the D.C. Appeal
Entry Tax Entry Tax on Car 1 Appeal pending before D.C.
Sales Tax Classification of Hajmola Candy 28 Appeal pending before S T Appellate
Sales Tax Tax Paid purchase 29 Pending before High Court
Sales Tax Non-filling of FORM F 10 Appeal filed before DC Appeal, Delhi
Excise Capital Goods removal 30 DC appeal
ii)
Resulting outflows against above disputed liabilities, if mature, are expected to be in succeeding
financial year.
iii) Provisions are made herein for medium risk oriented issues as a measure of abundant precaution.
2.3 Related party disclosures (in term of AS-18 issued by ICAI).
2.3.1 Related parties in transaction with parent company where control exists:
Associate
ACI Ltd., Bangladesh
Joint Venture
Forum 1 Aviation Limited
Balsara International
2.3.2 Other related parties in transaction with the body Corporates under Consolidation
(Rupees in lacs, except share data)
32