gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDSales TaxA number of appeal cases of the Company-Gayatri Projects Limited pertaining to Sales Tax are pending before the SalesTax Authorities as per details given below:DETAILS OF SALES TAX APPEAL CASES WORK WISECalicut Airport Work: Kerala(Rs. In Lacs)Accounting Liability / Refund / Date of Amount Current StatusYear Refund as per Liability as per Return InvolvedS.Tax Return Return1995-96 0.70 Liability 27/10/1999 9.57 Appeal dated 20/09/2004 pendingbefore the Dy.Commissioner,Ernakulam, for final Order1996-97 1.56 Refund 28/10/1999 60.48 Appeal dated 19/10/2004 pendingbefore the Dy.Commissioner,Ernakulam, for final Order1997-98 12.92 Refund 09/09/2000 84.07 Appeal dated 05/05/2006 pendingbefore the Dy.Commissioner,Ernakulam, for final Order1998-99 2.11 Liability 15/10/2000 162.71 Pending before the CTO,Malappuram, for Revision Order.1999-00 1.61 Refund 18/10/2000 45.13 Appeal dated 04/10/2004 pendingbefore the Dy.Commissioner,Ernakulam, for final Order2000-01 2.64 Liability 30/10/2001 28.17 Appeal dated 19/10/2004 pendingbefore the Dy.Commissioner,Ernakulam, for final Order2001-02 0.46 Refund 26/09/2005 1.88 Appeal dated 24/03/2006 pendingbefore the Dy.Commissioner,Ernakulam, for final OrderWTP Works, T.K. Halli, Karnataka :2000-01 12.66 Liability 24.80 Before the Appellate Tribunal,Bangalore, Karnataka for Final OrderNalco, Angul:2001-02 Revision Petition before theCommissioner of Commercial Taxes,CuttackARBITRATION-GAYATRI PROJECTS LIMITEDM/s.Gayatri Projects Ltd executed the 270MLD Water Treatment plant at T.K.Halli, Bangalore which was completed on January31, 2003. As a consequence of the delays by the M/s.Onedeo Degorment Ltd.,(Respondent) and/or its principles, what wasto be a 12-month contract for the Gayatri Projects Ltd (Claimant) became a 36month venture, putting the Claimant to greatloss. Further, in the course of the Contract, the scope and nature of the contract was greatly varied and, for all intends andpurposes, it became a rate contract Because of these reasons claims arose: Claim for the amount outstanding under thefinal account bill after making all adjustments, Claim for additional expenses incurred by the Claimant due to delay in thecontract by the Respondent, Claim for account of deemed export excise duty benefit receivable by the Claimant, and Claim154