Gillette_India_Limited_AR_20

Annual Report 2019-20 127 Notes to Financial Statements for the year ended June 30, 2020 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited 35 Contingent liabilities Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs Claims against company not acknowledged as debts: (a) Income tax matters 43 022 43 230 (b) Sales tax matters (i) Non submission of "C" Forms/"F" Forms 2 021 436 (ii) Other sales tax matters 613 2 227 (c) Excise duty, service tax and customs duty matters (i) Denial of excise duty benefits at excise exempt location of which the Company has a right to claim Cenvat credit of ` 16 034 lakhs (July 30, 2016: ` 16 034 lakhs, July 1, 2015: ` 12 822 lakhs) 30 320 30 320 (ii) Denial of Cenvat credit 23 23 (iii) Service tax matters 3 254 3 254 (iv) Customs valuation disputes 1 528 1 528 (v) Other excise, service tax and customs matters 178 178 (d) Other matters (i) Other claims - The Company is a party to various legal proceedings in the normal course of business. 141 86 (ii) Demand from delhi development authority 3 424 3 424 84 524 84 706 36 Disclosures under the Micro, Small and Medium Enterprises Development Act, 2006 Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs (a) Principal amount remaining unpaid to any supplier as at the end of the accounting year 188 1 016 (b) Interest due thereon remaining unpaid to any supplier as at the end of the accounting year 554 418 (c) The amount of interest paid along with the amounts of the payment made to the supplier beyond the appointed day 4 437 5 060 Principal paid beyond the appointed date 4 437 5 060 Interest paid in terms of Section 16 of the Act — — (d) The amount of interest due and payable for the year 136 155 (e) The amount of interest accrued and remaining unpaid at the end of the accounting year 554 418 (f) The amount of further interest due and payable even in the succeeding year, until such date when the interest dues as above are actually paid 3 7 Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.