124 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements the Companies Act, 2013. 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 against the Company in this regard. 06. The maintenance of cost records has been specified by the Central Government under Section 148(1) of the Companies Act, 2013. We have broadly reviewed the books of account maintained by the Company pursuant to the Companies (Cost Records and Audit ) Rules, 2014, as amended, prescribed by the Central Government formaintenance of cost records under Subsection (1) of Section 148 of the Companies Act, 2013, and are of the opinion that, the prescribed cost records have been made and maintained by the Company. We have, however, not made a detailed examination of the cost records with a view to determine whether they are accurate or complete. 07. In the respect of statutory dues: a) The Company has been generally regular in depositing undisputed statutory dues of the year, including goods and service tax, provident fund, employees’ state insurance, income tax, customs duty, cess, and other material statutory dues applicable to it to the appropriate authorities. b) There were no undisputed amounts payable in respect of goods and service tax, provident fund, employees’ state insurance, income tax, customs duty, cess, and other material statutory dues in arrears as at March 31, 2023, for a period of more than sixmonths from the date they became payable. c) Details of statutory dues referred to in Sub-clause (a) above which have not been deposited as on March 31, 2023, on account of disputes are given as follows: Name of statute Nature of dues Forum where dispute is pending Period to which the amount relates Amount unpaid (` cr)* Income Tax Act, 1961 Income tax Commissioner of Income Tax (Appeals) Various assessment years from 2009-10 to 2018-19 10.24 Income Tax Appellate Tribunal Assessment year 2010-11 and 2017-18 3.21 High Court Assessment year 2002-03 0.02 The Central Excise Act, 1944 and Chapter V of the Finance Act, 1994 Excise duty and Service tax Commissioner (Appeals) 1993-2016 0.53 Customs, Excise and Service Tax Appellate Tribunal 1992-2018 1.64 High Court 1994-95 3.53 The Customs Act, 1962 Custom duty Commissioner (Appeals) 1994-2009 3.19 High Court 2017-18 1.76 *net of amount paid under protest | refund adjusted by the tax authorities 08. There were no transactions relating to previously unrecorded income that were surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 (43 of 1961) during the year. 09. a) The Company has not defaulted in the repayment of loans or borrowings or in the payment of interest thereon to any lender during the year. b) The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority. c) The Company has not taken any term loans during the year and there are no outstanding term loans at the beginning of the year and hence, reporting under Clause (ix)(c) of the Order is not applicable. d) On an overall examination of the Standalone Financial Statements of the Company, funds raised on short-term basis have, not been used during the year for long-term purposes by the Company. e) On an overall examination of the Standalone Financial Statements of the Company, the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiary companies. f) The Company has not raised loans during the year on the pledge of securities held in its subsidiary or joint venture company.
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