Iii the company has not granted any loans or made any

iii. The Company has not granted any loans or made any
investments, or provided any guarantees or security to the
parties covered under Section 185 and 186. Therefore, the
provisions of Clause 3(iv) of the Order are not applicable
to the Company.
v. The Company has not accepted any deposits from the public
within the meaning of Sections 73, 74, 75 and 76 of the Act and
the Rules framed there under to the extent notified.
vi. Pursuant to the rules made by the Central Government of India,
the Company is required to maintain cost records as specified
under Section 148(1) of the Act in respect of its products.
We have broadly reviewed the same, and are of the opinion that,
prima facie, the prescribed accounts and records have been
made and maintained. We have not, however, made a detailed
examination of the records with a view to determine whether
they are accurate or complete.
vii. (a) According to the information and explanations given to
us and including management’s assessment in respect of
provident fund as referred to in note 44 to the Financial
Statements and the records of the Company examined by
us, in our opinion, the Company is regular in depositing
undisputed statutory dues, including provident fund,
employees’ state insurance, income tax, duty of customs,
goods and service tax, and other material statutory dues,
as applicable with the appropriate authorities.
(b) According to the information and explanations given to us and
the records of the Company examined by us, there are no dues
of sales-tax, duty of excise and value added tax which have
not been deposited on account of any dispute. The particulars
of dues of income tax, service tax and duty of customs as at
March 31, 2019 which have not been deposited on account of a
dispute, are as follows:
Name of the statute Nature of dues
Gross Amount
( ` )
Amount paid
under protest
( ` )
Net Amount
( ` )
Period to which
the amount
relates
Forum where the dispute is pending
The Income Tax Act, 1961 Income Tax 5,077,460 5,077,460 - 2009-10 Income Tax Appellate Tribunal
The Income Tax Act, 1961 Income Tax* 6,159,181 6,159,181 - 2010-11 Income Tax Appellate Tribunal
The Income Tax Act, 1961 Income Tax** 197,905,800 155,845,335 42,060,465 2013-14 Income Tax Appellate Tribunal
Punjab Value
Added Tax Act, 2005
Value
Added Tax (VAT)
1,771,199 190,482 1,580,717 2006-07 The Honourable High court of Punjab
and Deputy Excise and Taxation
Commissioner, Patiala Division, Patiala
Customs Act, 1962 Custom duty 21,248,482 - 21,248,482 2005-06 Customs, Excise & Service Tax
Appellate Tribunal, Mumbai
The Finance Act, 1994 Service tax 25,648,174 1,764,842 23,883,332 2006-07 to
2011-12
Central Excise and Service Tax
Appellate Tribunal, Bengaluru
The Finance Act, 1994 Service tax 4,883,896 243,700 4,640,196 2012-13 Central Excise and Service Tax
Appellate Tribunal, Bengaluru
The Finance Act, 1994 Service tax 2,130,238 440,625 1,689,613 2010-11 to
2011-12
Commissioner of Central Excise
(Appeals), Bengaluru
The Finance Act, 1994 Service tax 3,422,026 114,577 3,307,449 2013-14 to
2015-16
Commissioner of Central Excise
(Appeals), Bengaluru
The Finance Act, 1994 Service tax 1,228,515 969,227 259,288 2013-14 to
2015-16
Central Excise and Service Tax
Appellate Tribunal, Bengaluru
The Finance Act, 1994 Service tax 3,432,772 192,133 3,240,639 2015-16 Commissioner of Central Excise
(Appeals), Bengaluru
* The Company has adjusted ` 6,159,181 against refund of previous assessment years.