Shopper's Stop Limited - Securities and Exchange Board of India

I. Litigation By and /or Against the Company
By the Company
A) Pending Arbitration proceedings
There are none
B) Litigation pending – FEMA
There are none
C) Litigation pending – Income Tax
There are none
D) Litigation pending – Sales Tax/ Luxury Tax
There are none
E) Litigation pending –Customs and Excise Gold Control Appellate (‘CEGAT’)
There are none
F) Litigation pending- Money Recovery and other Civil Suits
There are none
G) Litigation pending- Labor, Employee and Trade Unions
There are none
H) Bank / Financial Institution Defaults
There are none
I) Non Payment of Statutory Dues and/or dues towards instrument holders such as
debenture holders, fixed deposits
There are none
J) Disciplinary action taken by SEBI / Stock Exchanges against the Company
There are none
K) Prosecution with regard to enactments under Schedule XIII of the Companies Act
which are likely to affect operations and finances of the Company
There are none
L) Potential Litigation
There are none
M) Litigation pending under the Consumer Protection Act 1986
There are none
Against The Company
A) Pending Arbitration proceeding
There are none
B) Litigation pending – FEMA
There are none
C) Litigation pending – Income Tax
There are none
D) Litigation pending – Sales Tax /Luxury Tax
Shoppers' Stop New Delhi Store was reassessed for Sales Tax Assessment for the year
2000-01 to 2001-02 under section 23(3) of Delhi Sales Tax Act 1957. The Assessing
Authority disallowed the sales of tax-free Sarees (currently classified as fabric) & raised a
demand of Rs. 9,17,734/-on the classification issue stating that these sarees are not
'fabric' but are 'Readymade Garments'. The Company further filed an appeal on
September 26, 2003 against the demand and paid Rs.57,500/- against the stay. Currently
the matter is in appeal with Deputy Commissioner of Sales Tax (Appeals), Range IV,
Delhi.
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