RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

In respect of the Capital goods and allied machinery being purchased for ongoing projects, the
benefit of Cenvat credit is available under Rule 4 of the Cenvat Credit Rules, 2004 subject to
fulfilment of the conditions specified.
Notes:
1. The above Statement of Possible Direct Tax Benefits sets out the provisions of law in a
summary manner only and is not a complete analysis or listing of all potential tax
consequences of the purchase, ownership and disposal of equity shares;
2. The above Statement of Possible Direct Tax Benefits sets out the possible tax benefits
available to the Company and its shareholders under the current tax laws as amended
by the Finance Act, 2006 presently in force in India. Several of these benefits are
dependent on the Company or its shareholders fulfilling the conditions prescribed under
the relevant tax laws;
3. This statement is only intended to provide general information to the investors and is
neither designed nor intended to be a substitute for professional tax advice. In view of
the individual nature of the tax consequences, the changing tax laws, each investor is
advised to consult his or her own tax consultant with respect to the specific tax
implications arising out of their participation in the issue;
4. In respect of non-residents, the tax rates and the consequent taxation mentioned above
shall be further subject to any benefits available under the Double Taxation Avoidance
Agreement, if any, between India and the country in which the non-resident has fiscal
domicile; and
5. The stated benefits will be available only to the sole/first named holder in case the
shares are held by joint shareholders.
6. In view of the individual nature of tax consequences, each investor is advised to consult
his/her own tax advisor with respect to specific tax consequences of his/her participation
in the issue.
For B.M. Chatrath & Co.
Chartered Accountants
(UMESH C. PANDEY)
Partner
Membership No. : 55252
Place: New Delhi
Date : 01.08.2009
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