As at 31 March 2023 31 March 2022 (iii) - Disputed entry tax levied under Andhra Pradesh Tax on Entry of Goods into Local Areas Act, 2001 on interstate purchases & 3.77 3.77 - Disputed entry tax levied under Telangana Tax on Entry of Goods into Local Areas Act, 2001 on interstate purchases @ 10.37 10.37 - Disputed penalty levied under Central GST Act, 2017 on classifi cation of fl avored milk product & 35.28 35.28 - Disputed milk cess levied on installed capacity under the Haryana Murrah Buff alo and other Milch Animal Breed Act, 2001 ^ 10.31 10.31 - Disputed RPPO (Renewable power purchase obligation) charges demand levied by the APERC (Andhra pradesh Electricity Regulatory Authority) 0.60 - & litigation pending with Hon’ble High Court of Andhra Pradesh; ^ litigation pending with Supreme Court of India Based on the internal assessment and / or legal opinion, the Management is confi dent that, for the aforesaid mentioned contingent liabilities under paragraph (ii) and (iii) above, no further provision is required to be made as at 31 March 2023. (c) Guarantees excluding financial guarantees 2.28 2.96 (d) Others Duty including interest liability in case of export obligation if not fulfi lled as per EPCG scheme 49.27 - 44. Leases Group as a lessee The Company has lease arrangements for its off ice premises located in Hyderabad and various Heritage Distribution centers / Parlours / Sales off ices located across India. These leases typically have original terms not exceeding 21 years and generally contain multiyear renewal options. The agreements entered into by the Company have, rent escalation upto 10%. There are no residual value guarantees provided by the third parties. The movement in lease liabilities is as follows: Particulars For the year ended 31 March 2023 31 March 2022 Balance at the beginning of the year 75.36 44.87 Additions during the year 297.51 65.40 Finance cost accrued during the year 8.64 6.77 Payment of lease liabilities (45.38) (41.68) Lease liabilities at the end of the year 336.13 75.36 Current lease liabilities 49.09 28.23 Non-current lease liabilities 287.04 47.13 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) Heritage Foods Limited | 31st Annual report 2022-23 302
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