Tata Motors AR_2012-13 - page 120

118
68th ANNUAL REPORT 2012-13
(b)
Where each of such transaction is in excess of rupees five lakhs in respect of any party, and having regard to the para (v) above, the
transactions have been made at prices which are
prima facie
reasonable having regard to the prevailing market prices at the relevant
time.
(vii) In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of Sections 58A,
58AA or any other relevant provisions of the Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules, 1975 with regard to the
deposits accepted from the public. According to the information and explanations given to us, no order has been passed by the Company Law
Board or the National Company Law Tribunal or the Reserve Bank of India or any Court or any other Tribunal.
(viii) In our opinion, the Company has an adequate internal audit system commensurate with the size and the nature of its business.
(ix)
We have broadly reviewed the cost records maintained by the Company pursuant to the Companies (Cost Accounting Records) Rules, 2011
prescribed by the Central Government under Section 209 (1)(d) of the Companies Act, 1956 and are of the opinion that
prima facie
, the prescribed
cost records have been maintained. We have, however, not made a detailed examination of the cost records with a view to determine whether
they are accurate or complete.
(x)
According to the information and explanations given to us in respect of statutory dues:
(a)
The Company has generally been regular in depositing undisputed statutory dues, including Provident Fund, Investor Education and
Protection Fund, Employees’ State Insurance, Income-tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other
material statutory dues applicable to it with the appropriate authorities. With regard to the contribution under the Employees’ Deposit
Linked Insurance Scheme, 1976 (the Scheme), we are informed that the Company has its own Life Cover Scheme, and consequently, an
application has been made seeking an extension of exemption from contribution to the Scheme, which is awaited.
(b)
There were no undisputed amounts payable in respect of Provident Fund, Investor Education and Protection Fund, Employees’ State
Insurance, Income-tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty, Cess and other material statutory dues in arrears as at
March 31, 2013 for a period of more than six months from the date they became payable.
(c)
Details of dues of Income-tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Excise Duty and Cess which have not been deposited as on
March 31, 2013 on account of disputes are given below:
Name of
Statute
Nature of Dues
Forum where
Dispute is Pending
Period to which the Amount Relates
Amount Involved
(
`
in crores.)
Income tax Income tax
Commissioner (Appeals)
2003-04 to 2009-10
44.97
Income tax
Appellate Tribunal
2007-08
3.40
Central Excise Excise Duty & Service Tax Tribunal
1993-94, 1999-00, 2002-03, 2004-05 to 2012-13
2249.15
Laws
Excise Duty & Service Tax Commissioner (Appeals)
1984-85, 1995-96, 2003-04, 2006-07, 2010-11,
2011-12, 2012-13
83.13
Excise Duty & Service Tax Additional Commissioner
2012-13
0.66
Excise Duty & Service Tax Joint Commissioner
2012-13
0.21
Excise Duty & Service Tax Deputy Commissioner
2012-13
0.04
Excise Duty & Service Tax Asst. Commissioner
2012-13
0.09
Sales Tax Laws Sales Tax
Supreme Court
1995-96
13.01
Sales Tax
High Court
1984-85 to 1988-89, 1990-91, 1993-94, 1994-95,
1997-98, 1999-00, 2005-06 to 2007-08
18.83
Sales Tax
Tribunal
1988-89, 1989-90, 1995-96, 1998-99, 1999-00,
2000-01, 2004-05, 2007-08, 2010-11
7.21
Sales Tax
Commissioner (Appeals)
1996-97, 1998-99, 2001-02
0.20
Sales Tax
Joint Commissioner
1997-98, 1999-00, 2001-02 to 2008-09
222.33
Sales Tax
Additional Commissioner
1988-89, 1989-90, 1995-96, 1997-98, 2005-06 to
2009-10, 2012-13
19.46
Sales Tax
Deputy Commissioner
1979-80, 1986-87, 1991-92, 1992-93, 1994-95 to
1997-98, 2000-01, 2003-04, 2005-06, 2008-09
3.68
Sales Tax
Assistant Commissioner
1986-87, 1988-89, 1990-91, 1995-96, 1997-98,
1999-00, 2010-11
1.06
Sales Tax
Trade Tax Officer
1995-96, 1996-97, 1998-99 to 2000-01, 2006-07
1.83
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