(a) Basis for preparation of Accounts
 
 The accounts have been prepared to comply in all material aspects with
 applicable accounting principles in India, the applicable Accounting
 Standards notified under section 211(3C) of the Companies Act, 1956 and
 other relevant provisions of the said Act.
 
 (b) Fixed Assets Amortisation and Depreciation Tangible fixed assets
 other than those revalued are stated at cost less accumulated
 depreciation. In respect of revalued assets, depreciation on the amount
 added on revaluation is recouped from the Revaluation Reserve to the
 extent available and balance is charged to Profit and Loss Account.
 Leasehold land is amortised over the period of lease. Depreciation on
 assets is provided using the straight-line method at the rates and in
 the manner specified in Schedule XIV of the Companies Act, 1956 to
 charge off the cost of assets over their estimated useful lives.  With
 effect from 1st April 2007 computer and its accessories and mobile
 phones are written off over a period of 3 years and 2 years
 respectively as per straight line method. The changes have been made
 perceiving their useful life. Assets costing below Rs. 5,000/- each are
 fully depreciated in the year of addition. Expenditure incurred towards
 estate development during the first year is capitalised and the
 expenses incurred thereafter in subsequent years and cost of replanting
 in existing areas are charged to revenue.  Intangible asset is
 recognised if it is probable that future economic benefits will flow to
 the Company. Such asset is initially recognised at cost. Subsequent
 expenditure on such asset is recognised as expense when incurred unless
 it is probable that the expenditure will enhance its future economic
 benefits.  Depreciable amount of an intangible asset is allocated on
 straight line method over the best estimate of its useful life as given
 below: Computer software is amortised over 5 years.  Other Intangible
 assets are amortised over 10 years.  An impairment loss is recognised,
 where applicable, when the recoverable amount of an asset is less than
 its carrying amount.
 
 (c) Investments
 
 Current investments are carried at the lower of cost and fair value.
 Long-term investments are carried at cost and provision is recorded to
 recognise, any decline, other than temporary, in the carrying value of
 such investment.  Investment acquired in exchange of another is carried
 at a cost determined with reference to the fair value of investment
 given up.
 
 (d) Inventories
 
 Inventories are valued at the lower of cost, computed on a weighted
 average basis, and estimated net realisable value.  Provision is made
 for obsolescence wherever considered necessary.  Finished goods and
 work-in-progress include cost of conversion and other costs incurred in
 bringing the inventories to their present location and condition.
 
 (e) Employee Benefits
 
 Contributions to Defined Contribution Provident Fund scheme
 (administered by Government) and Defined Contribution Pension Fund
 scheme (maintained by the company with Life Insurance Corporation of
 India, hereinafter referred to as LICI) are made based on the current
 basic salary and are recognised in the Profit and Loss account on
 accrual basis.  The Pension Fund scheme is applicable to certain
 employees only.  Contributions to the pension funds along with interest
 accumulated during the service period of such employee are utilised to
 buy pension annuity from the LICI.  The Company also provides for
 retirement benefits with defined benefits in the form of Gratuity.
 Based on actuarial valuation carried out every year by an independent
 actuary,the company makes annual contributions for part of Gratuity to
 a trust and LICI respectively. Balance liability remains unfunded.
 
 The obligation for employee benefits, i.e., leave encashment is
 unfunded and calculated by an independent actuary at the year-end and
 provided for.  Actuarial gains and losses are recognised immediately in
 the statement of Profit and Loss account. Short term employee benefits
 are recognised as an expense in the Profit and Loss account of the year
 in which the related service is rendered.
 
 (f) Foreign currency transactions
 
 Transactions in foreign currency are recorded at daily exchange rates
 prevailing on the date of the transaction. Year end balances of foreign
 currency transactions are translated at the year end rates. Exchange
 differences arising on restatement or settlement is charged to Profit
 and Loss account.  The Company uses forward contracts to hedge its
 exposure to movements in foreign exchange rates. Forward Exchange
 Contracts are recorded at the contract rate. In respect of contracts
 covered by AS-11, exchange differences arising on the settlement of
 transactions or on reporting at the year end rates, are recognised as
 income or as expense in the period in which they arise. The premium or
 discount arising at the inception of a forward exchange contract is
 amortised as expense or income over the life of the contract.  Any
 profit or loss arising on cancellation or renewal of such a forward
 exchange contract is recognised as income or as expense for the period.
 The foreign exchange losses, if any, arising on marking to market
 forward exchange contract entered to hedge the foreign currency risks
 of a firm commitment or a highly probable forecast transaction are
 provided for in the Profit and Loss account.
 
 (g) Revenue recognition
 
 Sale is recognised upon passing of title of goods to the customers and
 is net of trade discounts and excise duties, where applicable.  Other
 income, together with related tax credits & expenditure, are accounted
 for on accrual basis.
 
 (h) Borrowing costs
 
 Borrowing costs attributable to qualifying assets are capitalised upto
 the date when such assets are ready for their intended use. Other
 borrowing costs are recognised as expense in the period in which they
 are incurred.
 
 (i) Taxes on income
 
 Current tax represents the amount that would be payable based on
 computation of tax as per prevailing taxation laws under the Income Tax
 Act, 1961.  Deferred Tax is recognised, subject to the consideration of
 prudence, on timing differences, being the difference between taxable
 incomes and accounting income that originate in one period and are
 capable of reversal in one or more subsequent periods. Deferred Tax
 assets in respect of carried forward losses and/or unabsorbed
 depreciation are recognised only when it is virtually certain and in
 other cases where there is reasonable certainty that sufficient future
 taxable income will be available against which such deferred tax assets
 can be realised.
 
 (j) Leases
 
 Lease payments under operating lease are recognised as an expense in
 the Profit and Loss account.
 
 (k) Grants and Subsidies
 
 Quality Upgraded subsidy, Irrigation and Transport subsidy received
 during the year under Tea Board Quality Upgradation & Product
 Diversification, Irrigation Subsidy Schemes and Plantation Development
 Scheme - creation of Transport Facility has been adjusted against the
 cost of the respective assets.  Other subsidies are accounted for on
 accrual basis when the company is reasonably certain of its receipt.
 
 (l) Provisions
 
 A provision is recognised when there is a present obligation as a
 result of a past event, it is probable that an outflow of resources
 will be required to settle the obligation and in respect of which
 reliable estimate can be made.
 
 (m) Use of Estimates
 
 The preparation of financial statements requires use of estimates and
 assumptions to be made that affect the reported amounts of assets,
 liabilities and disclosure of contingent liabilities on the date of
 financial statements and the reported amounts of revenue and expenses
 during the period. Difference between actual amount and estimates are
 recognised in the period in which the results are known/materialised.