Gillette_India_Limited_AR_20

Annual Report 2019-20 73 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited Name of Statute Nature of Dues Forum where Dispute is Pending Period to which the Amount Relates * Amount Involved ( ` in lakhs) ** Sales Tax and Laws as per statutes applicable in various states Sales Tax and VAT Appellate Authority - up to Commissioners / Revisional authorities level 1999-00 to 2007-08, 2009-10 to 2013-14, 2015-16 to 2017-18 1,139 Appellate Authority - Tribunal 1999-2000, 2002- 2003, 2006-07 to 2011-12 1,630 Customs Act, 1962 Customs Duty Appellate Authority - up to Commissioners / Revisional authorities level 2005-06 to 2006-07, 2012-13 1,534 Finance Act, 1994 Service Tax Appellate Authority - up to Commissioners / Revisional authorities level 2007-08 to 2017-18 3,044 Customs, Excise and Service Tax Appellate Tribunal 2010-11 to 2013-14 106 Income-tax Act, 1961 Income Tax Income Tax Appellate Tribunal 2013-14 3,627 * Period denotes the financial year April to March ** includes penalty and interest on taxes, wherever applicable (viii) The Company has not taken any loans or borrowings from financial institutions, banks and government or has not issued any debentures. Accordingly, paragraph 3(viii) of the Order is not applicable to the Company. (ix) The Company has not raised any money by way of initial public offer, further public offer (including debt instruments) and term loans during the year. Accordingly, the provisions of paragraph 3(ix) of the Order are not applicable to the Company. (x) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company or on the Company by its officers or employees has been noticed or reported during the course of our audit. (xi) In our opinion and according to the information and explanations given to us and based on our examination of the records, the Company has paid/provided for managerial remuneration in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V to the Act. (xii) In our opinion and according to the information and explanations given to us, the Company is not a Nidhi company. Accordingly, paragraph 3(xii) of the Order is not applicable to the Company. (xiii) In our opinion and according to the information and explanations given to us and based on our examination of the records of the Company, transactions with the related parties are in compliance with Section 177 and 188 of the Act where applicable. The details of such related party transactions have been disclosed in the Ind-AS financial statements as required by the applicable accounting standards. (xiv) According to the information and explanations give to us and based on our examination of the records, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly, paragraph 3(xiv) of the Order is not applicable to the Company. (xv) According to the information and explanations given to us and based on our examination of