Escorts

1.  The outstanding derivative instruments as at 30th September, 2009.
 
 The Exports receivables of the Company as at year end have been hedged
 by forward contracts US$ 0.50 million (Previous Year: US$ 0.77 million)
 & Euro Nil (Previous Year: 3.90 million)
 
 2 Disclosure required by Accounting Standard (AS) 29 Provisions,
 Contingent Liabilities and Contingent Assets:
 
 (Rs. Crores)
 
                                        Year Ended      Year Ended
                                        30.09.2009      30.09.2008
 
 (a) Contingent Liabilities
 
 i)  Estimated amounts of contracts 
    remaining to be executed on
    capital account and not 
    provided for                         13.27            6.97
 
 ii) * Claims not acknowledged as debts   0.55            0.55
 
 iii)  There is a Contingent 
 liability of:
 
 *(a) Excise duty/Customs duty demands 
 not acknowledged as liability           46.54           59.25
 
 * (b) ESI additional demand not 
 acknowledged as liability                5.08            3.84
 
 *