You are here » Home » Companies » Company Overview » United Spirits Ltd

United Spirits Ltd.

BSE: 532432 Sector: Consumer
NSE: MCDOWELL-N ISIN Code: INE854D01016
BSE LIVE 15:46 | 15 Dec 3365.15 15.10
(0.45%)
OPEN

3383.00

HIGH

3417.00

LOW

3356.00

NSE 15:52 | 15 Dec 3359.70 7.55
(0.23%)
OPEN

3390.00

HIGH

3425.00

LOW

3345.70

OPEN 3383.00
PREVIOUS CLOSE 3350.05
VOLUME 13855
52-Week high 3469.75
52-Week low 1818.60
P/E 87.43
Mkt Cap.(Rs cr) 48,906
Buy Price 3365.15
Buy Qty 63.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3383.00
CLOSE 3350.05
VOLUME 13855
52-Week high 3469.75
52-Week low 1818.60
P/E 87.43
Mkt Cap.(Rs cr) 48,906
Buy Price 3365.15
Buy Qty 63.00
Sell Price 0.00
Sell Qty 0.00

United Spirits Ltd. (MCDOWELL-N) - Auditors Report

Company auditors report

To the Members of United Spirits Limited

Report on the Standalone Indian Accounting Standards (Ind AS) FinancialStatements

1. We have audited the accompanying standalone Ind AS financialstatements of United Spirits Limited ("the Company") which comprise the BalanceSheet as at March 31 2017 the Statement of Profit and Loss (including OtherComprehensive Income) the Cash Flow Statement and the Statement of Changes in Equity forthe year then ended and a summary of the significant accounting policies and otherexplanatory information.

Management's Responsibility for the Standalone Ind AS FinancialStatements

2. The Company's Board of Directors is responsible for the mattersstated in Section 134(5) of the Companies Act 2013 ("the Act") with respect tothe preparation of these standalone Ind AS financial statements to give a true and fairview of the financial position financial performance (including other comprehensiveincome) cash flows and changes in equity of the Company in accordance with the accountingprinciples generally accepted in India including the Indian Accounting Standardsspecified in the Companies (Indian Accounting Standards) Rules 2015 (as amended) underSection 133 of the Act. This responsibility also includes maintenance of adequateaccounting records in accordance with the provisions of the Act for safeguarding of theassets of the Company and for preventing and detecting frauds and other irregularities;selection and application of appropriate accounting policies; making judgments andestimates that are reasonable and prudent; and design implementation and maintenance ofadequate internal financial controls that were operating effectively for ensuring theaccuracy and completeness of the accounting records relevant to the preparation andpresentation of the standalone Ind AS financial statements that give a true and fair viewand are free from material misstatement whether due to fraud or error.

Auditors' Responsibility

3. Our responsibility is to express an opinion on these standalone IndAS financial statements based on our audit.

4. We have taken into account the provisions of the Act and the Rulesmade thereunder including the accounting and auditing standards and matters which arerequired to be included in the audit report under the provisions of the Act and the Rulesmade thereunder.

5. We conducted our audit of the standalone Ind AS financial statementsin accordance with the Standards on Auditing specified under Section 143(10) of the Actand other applicable authoritative pronouncements issued by the

Institute of Chartered Accountants of India. Those Standards andpronouncements require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the standalone Ind AS financialstatements are free from material misstatement.

6. An audit involves performing procedures to obtain audit evidenceabout the amounts and the disclosures in the standalone Ind AS financial statements. Theprocedures selected depend on the Auditors' judgment including the assessment of therisks of material misstatement of the standalone Ind AS financial statements whether dueto fraud or error. In making those risk assessments the auditor considers internalfinancial control relevant to the Company's preparation of the standalone Ind ASfinancial statements that give a true and fair view in order to design audit proceduresthat are appropriate in the circumstances. An audit also includes evaluating theappropriateness of the accounting policies used and the reasonableness of the accountingestimates made by the Company's Board of Directors as well as evaluating the overallpresentation of the standalone Ind AS financial statements.

7. We believe that the audit evidence we have obtained is sufficientand appropriate to provide a basis for our audit opinion on the standalone Ind ASfinancial statements.

Opinion

8. In our opinion and to the best of our information and according tothe explanations given to us the aforesaid standalone Ind AS financial statements givethe information required by the Act in the manner so required and give a true and fairview in conformity with the accounting principles generally accepted in India of thestate of affairs of the Company as at March 31 2017 and its total comprehensive income(comprising of profit and other comprehensive income) its cash flows and the changes inequity for the year ended on that date.

Emphasis of Matter

9. We draw attention to the following Matters: a) As explained in Note44 to the standalone Ind AS financial statements the Managerial remuneration for the yearended March 31 2015 included amounts paid to managerial personnel in excess of the limitsprescribed under the provisions of Schedule V to the Act by INR 51 million to the ManagingDirector and Chief Executive Officer (MD & CEO) and by INR 134 million to the formerExecutive Director and Chief Financial Officer (ED & CFO). With regard to excessremuneration paid to MD & CEO the Company has made the necessary application alongwith the required clarifications for Central Government approval response to which isawaited. Further in respect of excess remuneration paid to the former ED & CFO theCompany has initiated steps including by way of _ling a suit for recovery before thejurisdictional court to recover the excess remuneration.

b) As explained in Note 41 to the standalone Ind AS financialstatements upon completion of the Initial Inquiry which identified references to certainAdditional Parties and certain Additional Matters the MD & CEO pursuant to thedirection of the Board of Directors had carried out an Additional Inquiry that revealedactual or potential fund diversions arising from improper transactions aggregating to INR9135 million and other potentially improper transactions aggregating to INR 3118 millioninvolving the erstwhile non-executive Chairman of the Company and entities that appear tobe affiliated or associated with the said non-executive Chairman. The amounts identifiedin the Additional Inquiry have been fully provided for or expensed by the Company or itssubsidiaries in earlier periods except for INR 217 million which has been accounted for asexceptional item during the year (Refer Note 41(c) to the standalone Ind AS financialstatements). Management is currently unable to estimate the financial impact on theCompany if any arising from potential non-compliances with applicable laws in respect ofthe above.

c) As explained in Note 46 to the standalone Ind AS financialstatements the Company is in litigation with a bank (‘the Bank') that continuesto retain the pledge of certain assets of the Company and of the Company's sharesheld by USL Benefit Trust (of which the Company is sole beneficiary) despite the Companyprepaying the term loan to that bank along with the prepayment penalty and furtherdepositing an additional sum of INR 459 million demanded by the Bank and as directed bythe Honourable High Court of Karnataka (the ‘Court'). The Court has directed theBank not to deal with the pledged assets of the Company (including the shares held by USLBenefit Trust) as mentioned above till the disposal of the original writ petition filed bythe Company in the Court.

d) Note 48 to the standalone Ind AS financial statements whichdescribes the uncertainty related to the outcome of Special Leave Petition (the"SLP") filed by the Bihar State Government with the Honourable Supreme court inrelation to the ban imposed by the Bihar State Government on trade and consumption ofIndian Made Foreign Liquor and Foreign Liquor in the State of Bihar with effect from April5 2016 which was set aside by Honourable High Court of Patna in its judgment datedSeptember 30 2016. Further consequent to the notification dated January 24 2017 issuedby the Bihar State Government which as a consequence criminalises the continued storageof all stock of raw materials and finished goods in the State of Bihar the

Company is in the process of transferring its stock of raw materialsand finished goods lying in its premises and the ‘billed stocks' currently inthe possession of Bihar State Beverages Corporation Limited outside the state of Bihar.The statutory duties (VAT and Excise duty) paid on such stocks aggregating to INR 553million (including receivable from tie-up manufacturing units) have been considered asgood and receivable from the Bihar State Government and is disclosed as Other non-currentasset.

e) Note 45 to the standalone Ind AS financial statements: i. regardingclarifications sought by Securities and Exchange Board of India on matters covered by theCompany's Initial Inquiry and Additional Inquiry and certain aspects of the agreementbetween the Company and its erstwhile non-executive chairman to which the Company hasresponded; ii. regarding various issues raised and show cause notices issued pursuant toan inspection under Section 206(5) of the Companies Act 2013 by Ministry of CorporateAffairs/ Registrar of Companies alleging violation of certain provisions of the CompaniesAct 1956 and Companies Act 2013 to which the Company has responded; iii. regarding theongoing investigation by the Enforcement Directorate under the provisions of ForeignExchange Management Act 1999 and Prevention of Money Laundering Act 2002 to which theCompany has responded; and iv. regarding clarifications sought by Authorised Dealers inrelation to certain queries from Reserve Bank of India with regard to remittances made inprior years to subsidiaries and branch of the Company in the United Kingdom and pastacquisition of the Whyte and Mackay group to which the Company has responded. f) Note 61to the standalone Ind AS financial statements which states that the Company has adoptedInd AS for the financial year commencing from April 1 2016 and accordingly thefinancial statements have been prepared by the Company's Management in compliancewith Ind AS. Our opinion is not qualified in respect of the matters described above.

Other Matter

10. The comparative financial information of the Company for the yearended March 31 2016 and the transition date opening balance sheet as at April 1 2015included in the standalone Ind AS financial statements are based on the previously issuedstatutory financial statements for the years ended March 31 2016 and March 31 2015prepared in accordance with the Companies (Accounting Standards) Rules 2006 (as amended)which were audited by the predecessor auditor who expressed modified opinions vide theirreports dated May 26 2016 and May 27 2015 respectively. The adjustments to thosefinancial statements for the differences in accounting principles adopted by the Companyon transition to Ind AS have been audited by us.

Report on Other Legal and Regulatory Requirements

11. As required by the Companies (Auditor's Report) Order 2016issued by the Central Government of India in terms of Section 143(11) of the Act("the Order") and on the basis of such checks of the books and records of theCompany as we considered appropriate and according to the information and explanationsgiven to us we give in the Annexure B a statement on the matters specified in paragraphs3 and 4 of the Order.

12. As required by Section 143 (3) of the Act we report that: a) Wehave sought and obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purposes of our audit. b) In our opinionproper books of account as required by law have been kept by the Company so far as itappears from our examination of those books of account. c) The Balance Sheet theStatement of Profit and Loss (including other comprehensive income) the Cash FlowStatement and the Statement of Changes in Equity dealt with by this Report are inagreement with the books of account. d) In our opinion the aforesaid standalone Ind ASfinancial statements comply with the Indian Accounting Standards specified under Section133 of the Act. e) The matters described in sub-paragraphs (b) (c) (d) and (e) ofparagraph 9 above titled "Emphasis of Matter" in our opinion may have anadverse effect on the functioning of the Company. f) On the basis of the writtenrepresentations received from the directors as on March 31 2017 and taken on record bythe Board of Directors none of the directors is disqualified as on March 31 2017 frombeing appointed as a director in terms of Section 164 (2) of the Act. g) With respect tothe adequacy of the internal financial controls over financial reporting of the Companyand the operating effectiveness of such controls refer to our separate Report in AnnexureA. h) With respect to the other matters to be included in the Auditors' Report inaccordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014 in our opinionand to the best of our knowledge and belief and according to the information andexplanations given to us: i. The Company has disclosed the impact if any of pendinglitigations as at March 31 2017 on its financial position in the standalone Ind ASfinancial statements – Refer Notes 18 42 46 48 and 54 to the standalone Ind ASfinancial statements; ii. The Company did not have any long term contracts includingderivative contracts for which there were any material foreseeable losses – ReferNote 60 to the standalone Ind AS financial statements; iii. There has been no delay intransferring amounts required to be transferred to the Investor Education and ProtectionFund by the Company during the year ended March 31 2017; and iv. The Company has providedrequisite disclosures in the standalone Ind AS financial statements as to holdings as wellas dealings in Specified Bank Notes during the period from November 8 2016 to December30 2016. Based on audit procedures and relying on the management representation we reportthat the disclosures are in accordance with books of account maintained by the Company andas produced to us by the Management – Refer Note 62 to standalone Ind AS financialstatements. However as stated in Note 62 to the standalone Ind AS financial statementsamounts aggregating to INR 145500 as stated by the management were received fromtransactions which were not permitted.

for Price Waterhouse & Co Chartered Accountants LLP

Firm Registration Number:304026E/E-300009

Chartered Accountants

Pradip Kanakia

Partner

Membership Number: 039985

Stockholm

May 30 2017

Referred to in paragraph 12(g) of the Independent Auditors' Reportof even date to the members of United Spirits Limited on the Standalone Ind AS financialstatements as of and for the year ended March 31 2017 Report on the Internal FinancialControls under Section 143(3)(i)of the Act

1. We have audited the internal financial controls over financialreporting of United Spirits Limited ("the Company") as of March 31 2017 inconjunction with our audit of the standalone Ind AS financial statements of the Companyfor the year ended on that date.

Management's Responsibility for Internal Financial Controls

2. The Company's management is responsible for establishing andmaintaining internal financial controls based on the internal control over financialreporting criteria established by the Company considering the essential components ofinternal control stated in the Guidance Note on Audit of Internal Financial Controls OverFinancial Reporting (the "Guidance Note") issued by the Institute of CharteredAccountants of India("ICAI"). These responsibilities include the designimplementation and maintenance of adequate internal financial controls that were operatingeffectively for ensuring the orderly and efficient conduct of its business includingadherence to company's policies the safeguarding of its assets the prevention anddetection of frauds and errors the accuracy and completeness of the accounting recordsand the timely preparation of reliable financial information as required under the Act.

Auditors' Responsibility

3. Our responsibility is to express an opinion on the Company'sinternal financial controls over financial reporting based on our audit. We conducted ouraudit in accordance with the Guidance Note and the Standards on Auditing deemed to beprescribed under Section 143(10) of the Act to the extent applicable to an audit ofinternal financial controls both applicable to an audit of internal financial controlsand both issued by ICAI. Those Standards and the Guidance Note require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether adequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects.

4. Our audit involves performing procedures to obtain audit evidenceabout the adequacy of the internal financial controls system over financial reporting andtheir operating effectiveness. Our audit of internal financial controls over financialreporting included obtaining an understanding of internal financial controls overfinancial reporting assessing the risk that a material weakness exists and testing andevaluating the design and operating effectiveness of internal control based on theassessed risk. The procedures selected depend on the Auditors' judgement includingthe assessment of the risks of material misstatement of the financial statements whetherdue to fraud or error.

5. We believe that the audit evidence we have obtained is sufficientand appropriate to provide a basis for our audit opinion on the Company's internalfinancial controls system over financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

6. A company's internal financial control over financial reportingis a process designed to provide reasonable assurance regarding the reliability offinancial reporting and the preparation of financial statements for external purposes inaccordance with generally accepted accounting principles. A company's internalfinancial control over financial reporting includes those policies and procedures that (1)pertain to the maintenance of records that in reasonable detail accurately and fairlyreflect the transactions and dispositions of the assets of the company; (2) providereasonable assurance that transactions are recorded as necessary to permit preparation offinancial statements in accordance with generally accepted accounting principles and thatreceipts and expenditures of the company are being made only in accordance withauthorisations of management and directors of the company; and (3) provide reasonableassurance regarding prevention or timely detection of unauthorised acquisition use ordisposition of the company's assets that could have a material effect on thefinancial statements.

Inherent Limitations of Internal Financial Controls Over FinancialReporting

7. Because of the inherent limitations of internal financial controlsover financial reporting including the possibility of collusion or improper managementoverride of controls material misstatements due to error or fraud may occur and not bedetected. Also projections of any evaluation of the internal financial controls overfinancial reporting to future periods are subject to the risk that the internal financialcontrol over financial reporting may become inadequate because of changes in conditionsor that the degree of compliance with the policies or procedures may deteriorate.

Opinion

8. In our opinion the Company has in all material respects anadequate internal financial controls system over financial reporting and such internalfinancial controls over financial reporting were operating effectively as at March 312017 based on the internal control over financial reporting criteria established by theCompany considering the essential components of internal control stated in the GuidanceNote issued by ICAI.

for Price Waterhouse & Co Chartered Accountants LLP

Firm Registration Number: 304026E/E-300009

Chartered Accountants

Pradip Kanakia

Partner

Membership Number: 039985

Stockholm

May 30 2017

ANNEXURE B TO THE INDEPENDENT AUDITORS' REPORT

Referred to in paragraph 11 of the Independent Auditors' Report ofeven date to the members of United Spirits Limited on the standalone Ind AS financialstatements as of and for the year ended March 31 2017 i. (a) The Company ismaintaining proper records showing full particulars including quantitative details andsituation of fixed assets.

(b) The fixed assets are physically verified by the Managementaccording to a phased programme designed to cover all the items over a period of threeyears which in our opinion is reasonable having regard to the size of the Company andthe nature of its assets. Pursuant to the programme a portion of the fixed assets hasbeen physically verified by the Management during the year and no material discrepancieshave been noticed on such verification.

(c) The title deeds of immovable properties as disclosed in Note 3.1(Property plant and equipment) and Note 13 (Assets classified as held for sale) to thestandalone Ind AS financial statements are held in the name of the Company except asdisclosed below:

Amounts in INR million

Particulars Freehold land Leasehold land Buildings
Property plant and equipment: _ _ _
Number of cases 9 3 Various
Gross Carrying amount as at March 31 2017 262 48 465
Net Carrying amount as at March 31 2017 262 27 436
Assets classified as held for sale: _ _ _
Number of cases - - 5
Gross and Net carrying amount as at March 31 2017 - - 39

The Company is in the process of collating and identifying title deeds.ii. The physical verification of inventory excluding stocks with third parties and stockin transit have been conducted at reasonable intervals by the Management during the year.In respect of inventory lying with third parties these have substantially been confirmedby them. The discrepancies noticed on physical verification of inventory as compared tobook records were not material. iii. There are no companies covered in the registermaintained under Section 189 of the Act for the purpose of loans granted by the Company.iv. In our opinion and according to the information and explanations given to us theCompany has complied with the provisions of Sections 185 and 186 of the Act in respect ofa guarantee provided by it. The Company has not granted any loans or made any investmentsto the parties covered under Sections 185 and 186 of the Act. v. In our opinion andaccording to the information and explanations given to us the Company has complied withthe provisions of Sections 73 74 75 and 76 or any other relevant provisions of the Actand the Rules framed thereunder to the extent notified with regard to the depositsaccepted from the public. According to the information and explanations given to us noorder has been passed by the Company Law Board or National Company Law Tribunal or ReserveBank of India or any Court or any other Tribunal on the Company in respect of theaforesaid deposits. vi. The Central Government of India has not specified the maintenanceof cost records under Section 148(1) of the Act for any of the products of the Company.vii. (a) According to the information and explanations given to us and the records of theCompany examined by us the Company is generally regular in depositing undisputedstatutory dues in respect of tax deducted at source tax collected at source service taxemployee state insurance provident fund sales tax valued added tax krishi kalyan cessand swachh bharat cess though there has been delays in some cases and is regular indepositing other undisputed statutory dues including duty of customs duty of exciseand other material statutory dues as applicable with the appropriate authorities. Theundisputed dues in respect of stamp duty relating to earlier years have not been depositedtill date. The extent of the arrears of statutory dues outstanding as at March 31 2017for a period of more than six months from the date they became payable are as follows:

Name of the statute Nature of dues Amount Period to which the amount relates# Due date# Date of Payment
(INR million)
Maharashtra Stamp Act 1958 Stamp duty and interest thereon 200 September 2006 September 2006 Not yet paid

# Interest pertains to the period from September 2006 to March 312017.

(b) According to the information and explanations given to us and therecords of the Company examined by us the particulars of dues of income tax sales taxservice tax duty of customs duty of excise entry tax and value added tax as at March31 2017 which have not been deposited on account of a dispute are disclosed in Appendix1. viii. According to the records of the Company examined by us and the information andexplanation given to us the Company has not defaulted in repayment of loans or borrowingsto any financial institution or bank as at the balance sheet date. The Company does nothave any loans or borrowings from Government or dues to debenture holders as at thebalance sheet date. ix. The Company has not raised any money by way of initial publicoffer or further public offer (including debt instruments) during the year. In ouropinion and according to the information and explanations given to us term loans havebeen applied for the purposes for which they were obtained during the year. x. During thecourse of our examination of the books and records of the Company carried out inaccordance with the generally accepted auditing practices in India and according to theinformation and explanations given to us except for the matter mentioned below for whichthe Management has taken appropriate steps we have neither come across any instance ofmaterial fraud by the Company or on the Company by its officers or employees noticed orreported during the year nor have we been informed of such case by the Management.

As explained in Note 41 to the standalone Ind AS financial statementsand in Paragraph 9 (b) of our report of even date on the standalone Ind AS financialstatements upon completion of the Initial Inquiry which identified references to certainadditional parties and certain additional matters the MD & CEO pursuant to thedirection of the Board of Directors had carried out an Additional Inquiry that revealedimproper transactions indicating actual or potential fund diversions arising from impropertransactions aggregating to INR 9135 million and other potentially improper transactionsaggregating to INR 3118 million involving the erstwhile non-executive Chairman of theCompany and entities that appear to be affiliated or associated with the said erstwhilenon-executive Chairman. The amounts identified in the Additional Inquiry have been fullyprovided for or expensed by the Company or its subsidiaries in earlier periods except forINR 217 million which has been accounted for as exceptional item during the year (ReferNote 41 (c) to the Ind AS standalone financial statements). xi. Read with paragraph 9 (a)of our report of even date on the Ind AS standalone financial statements the Company haspaid/ provided for managerial remuneration in accordance with the requisite approvalsmandated by the provisions of Section 197 of the Act. xii. As the Company is not a NidhiCompany and the Nidhi Rules 2014 are not applicable to it the provisions of Clause3(xii) of the Order are not applicable to the Company. xiii. The Company has entered intotransactions with related parties in compliance with the provisions of Sections 177 and188 of the Act. The details of such related party transactions have been disclosed in thestandalone Ind AS financial statements as required under Indian Accounting Standard (IndAS) 24 Related Party Disclosures specified under Section 133 of the Act read with Rule7 of the Companies (Accounts) Rules 2014. xiv. The Company has not made any preferentialallotment or private placement of shares or fully or partly convertible debentures duringthe year. xv. The Company has not entered into any non cash transactions with itsdirectors or persons connected with him. Accordingly the provisions of Clause 3(xv) ofthe Order are not applicable to the Company. xvi. The Company is not required to beregistered under Section 45-IA of the Reserve Bank of India Act 1934. Accordingly theprovisions of Clause 3(xvi) of the Order are not applicable to the Company.

for Price Waterhouse & Co Chartered Accountants LLP

Firm Registration Number: 304026E/E-300009

Chartered Accountants

Pradip Kanakia

Partner

Membership Number: 039985

Stockholm

May 30 2017

APPENDIX 1 _ PARTICULARS OF TAX DUES NOT DEPOSITED ON ACCOUNT OF ADISPUTE*

Referred to in paragraph vii. (b) of Annexure B to the IndependentAuditors' Report to the members of United Spirits Limited on the standalone Ind ASfinancial statements as of and for the year ended March 31 2017.

Name of the statute Nature of dues Disputed Amount Paid Amount Unpaid Amount Period to which the amount relates (Financial Year) Forum where the dispute is pending
Income Tax Act 1961 Income Tax 762 762 - 2005-06 to 2008 -09 Assessing Officer of Income
Tax
Income Tax Act 1961 Income Tax 4996 - 4996 2012-13 Dispute Resolution Panel
Income Tax Act 1961 Income Tax 2165 376 1789 2003-04 2005-06 2007-08 to Commissioner of Income
2012-13 Tax (Appeals)
Income Tax Act 1961 Income Tax 2529 - 2529 1988-89 to 1992-93 1995-96 1999- Income Tax Appellate
00 to 2003-04 2006-07 to 2008-09 and 2011-12 Tribunal
Income Tax Act 1961 Income Tax 1679 - 1679 1993-94 to 2004-05 High Courts
Customs Act 1962 Custom Duty 5 - 5 1995-96 to 1997-98 High Courts
Service Tax - Finance Act 1994 Service Tax 293 31 262 2004-05 to 2006-07 2009-10 and 2010-11 Customs Excise and Service Tax Appellate Tribunal
Service Tax - Finance Act Service Tax 118 116 2 2004-05 and 2015-16 High Courts
1994
Central Excise Act 1944 Central Excise 1095 Duty 70 1025 1993-94 and 2000-01 Customs Excise and Service Tax Appellate Tribunal
Central Excise Act 1944 Central Excise 1 Duty - 1 1994-95 and 1995-96 Commissioner of Central Excise
Respective State Excise Acts State Excise 69 3 66 1983-84 2001-02 to 2003-04 Additional Commissioner of Excise
Respective State Excise Acts State Excise 9 - 9 1993-94 2003-04 2009-10 2012-13 Additional District Mag-
2013-14 and 2016-17 istrate
Respective State Excise Acts State Excise 29 4 25 1995-96 2001-02 2003-04 to 2007- 08 2011-12 to 2013-14 State Taxation Tribunal
Bengal Excise Act 1909 and Bengal Excise (Amendment) Act 2012 State Excise 13 - 13 1992-93 to 1998-99 Civil Court
Respective State Excise Acts State Excise 2 1 1 1994-95 1998-99 and 2014-15 Collector of State Excise
Respective State Excise State Excise 124 11 113 1963-64 to 1972-73 1976-77 and Commissioner of State Excise
Acts 1977-78 1980-81 to 1991-92
1993-94 to 1996-97 1998-99
2001-02 2003-04 to 2007-08
2012-13 2015-16 and 2016-17
Respective State Excise State Excise 2 - 2 1994-95 District Magistrate and
Acts Collector of State Excise
Respective State Excise Acts State Excise 541 187 354 1972-73 and 1973-74 High Courts
1979-80 to 2015-16
Respective State Excise Acts State Excise 6 - 6 1994-95 State Taxation Tribunal
Respective State Excise Acts State Excise 13 - 13 1986-87 1992-93 1997-98 1998-99 and 2015-16 Superintendent of State Excise
Respective State Excise Acts State Excise 1234 75 1159 1971-72 1996-97 to 2011-12 Supreme Court

 

Disputed Paid Unpaid Period to which the amount relates Forum where the dispute
Name of the statute Nature of dues
Amount Amount Amount (Financial Year) is pending
Central and Respective Sales Tax/ Value 10 - 10 2003-04 to 2013-14 Additional Commissioner of
State Sales Tax Acts Added Tax Commercial Taxes
Central and Respective Sales Tax/ Value 119 85 34 1982-83 2000-01 2004-05 and 2005- Commercial Tax Appellate
State Sales Tax Acts Added Tax 06 2007-08 2009-10 to 2012-13 Tribunal
Central and Respective Sales Tax/ Value 4 - 4 1993-94 2003-04 2005-06 and Commercial Taxes Appellate
State Sales Tax Acts Added Tax 2006-07 and Revisional Board
Central and Respective Sales Tax/ Value 106 - 106 1994-95 to 1996-97 2005-06 to Assistant Commissioner of
State Sales Tax Acts Added Tax 2007-08 2010-11 and 2012-13 Commercial Taxes
Karnataka sales Tax Act Sales Tax/ Value 43 - 43 1995-96 and 2006-07 Civil Court
1957 and Karnataka Value Added Tax
Added Tax Act 2003
Central and Respective Sales Tax/ Value 32 - 32 1990-00 2010-11 to 2014-15 Commercial Tax Officer
State Sales Tax Acts Added Tax
Central and Respective Sales Tax/ Value 773 - 773 1978-79 1980-81 and 1981-82 Commissioner of Commer-
State Sales Tax Acts Added Tax 1984-85 and 1985-86 2002-03 and cial Taxes
2015-16
Central and Respective Sales Tax/ Value 271 - 271 1985-86 2003-04 2006-07 to 2011- Deputy Commissioner of
State Sales Tax Acts Added Tax 12 2013-14 and 2016-17 Commercial Taxes
Central and Respective Sales Tax/ Value 182 - 182 1978-79 to 1986-87 1988-89 and High Courts
State Sales Tax Acts Added Tax 1989-90 1992-93 and 1993-94 1996-
97 to 2002-03 2005-06 2007-08 and
2009-10 to 2012-13
Central and Respective Sales Tax/ Value 342 - 342 1999-00 to 2012-13 Joint Commissioner of
State Sales Tax Acts Added Tax Commercial Taxes
Respective State Entry Entry Tax 8 - 8 2007-08 2012-13 and 2013-14 Additional Commissioner of
Tax Act Commercial Taxes
Respective State Entry Entry Tax 12 - 12 2005-06 Commercial Taxes Appellate
Tax Act and Revisional Board
Respective State Entry Entry Tax 150 28 122 1987-88 2000-01 2004-05 2007-08 Commercial Tax Appellate
Tax Act 2009-10 to 2011-12 Tribunal
Respective State Entry Entry Tax 0 0 0 1989-90 Assessing Officer
Tax Act
Respective State Entry Entry Tax 37 - 37 2010-11 to 2012-13 Deputy Commissioner of
Tax Act Commercial Taxes
Respective State Entry Entry Tax 58 2 56 1984-86 2005-06 and 2012-13 High Courts
Tax Act
Respective State Entry Entry Tax 7 1 6 2007-10 Joint Commissioner of
Tax Act Commercial Taxes
Respective State Entry Entry Tax 249 33 216 2003-04 to 2013-14 Supreme Court
Tax Act