n by higher in-house pulp production, enhanced operating efficiencies and benign input costs.

While trading opportunities in oilseeds & pulses and scale-up of the value-added portfolio were
the key drivers of revenue growth in the Agri Business segment, subdued demand for leaf
tobacco in international markets accentuated by relatively steeper depreciation in currencies of
competing origins and adverse business mix weighed on Segment Results. 
For the nine months ended 31st December, 2019, Gross Revenue at Rs 35023.67 crores grew by
5.6% while PBT (before exceptional items) increased by 9.6%. Disruptions in business
operations in the wake of the COVID-19 pandemic, resulted in decline in revenue and profits
during the fourth quarter. 
Overall for FY 2019-20, Gross Revenue at Rs 46323.72 crores increased by 2.4%, while PBT
(before exceptional items) at Rs 19298.92 crores grew by 4.6% over FY 2018-19. Profit after
Tax grew at a faster pace of 21.4% to Rs 15136.05 crores, aided by reduction in corporate
income tax rates during the year (net of calibration in pricing).

ABC
Your Company continues to view foreign exchange earnings as a priority. All Businesses in the
ITC portfolio are mandated to engage with overseas markets with a view to testing and
demonstrating international competitiveness and seeking profitable opportunities for growth.
Foreign exchange earnings of the ITC Group over the last ten years aggregated nearly US$ 7.2
billion, of which agri exports constituted 55%. Earnings from agri exports, which effectively link
small farmers with international markets, are an indicator of your Companys contribution to the
rural economy.
 
During the financial year 2019-20, your Company and its subsidiaries earned Rs 4597 crores in
foreign exchange. The direct foreign exchange earned by your Company amounted to Rs 3506
crores, mainly on account of exports of agri-commodities. Your Companys expenditure in
foreign currency amounted to Rs 1885 crores, comprising purchase of raw materials, spares and
other expenses of Rs 1503 crores and import of capital goods of Rs 382 crores.
 
Total Quality Management:
Words dying declarationmeans a statement written or verbal of relevant facts made by a person
who is dead. Generally, it relates to the cause of death of declarant. Dying declarationcan be
proved by the person who records it. A dying Declaration is not complete unless full names and
addressed of the person involved are given in it.Dying declaration has been defined in Section 32
of Indian Evidence Act, 1872. It is dealt under clause (1) of section 32 of the Indian Evidence
Act 1872. It defines dying declaration as under:1
32. Statements, written or verbal of relevant facts made by a persons who is dead, or who
cannot be found, or who has become incapable of giving evidence, or whose attendance
cannot be procured without an amount of delay or expense which under the
circumstances of the case appears to the court unreasonable, are themselves relevant
facts in following cases-
(1) When it relates to cause of death- when the statement is made by a person as to cause
of his death or as to any of the circumstances of the transaction which resulted in his
death in cases in which the cause of that person’s death comes into question.
Such statements are relevant whether the person who made them was or was not, at
the time when they were made, under the expectation of death and whatever may be
the nature of the proceeding in which the cause of his death comes in to question.
…
Dying declarations are the statements made by a dying person as to the injuries which have
brought him or her to that condition, or the circumstances under which those injuries came to be
inflicted.2
When a person is not proved to have died as a result of the injuries received in the incident his
statement cannot be said to be a statement as to the cause of his death or as to any of the
circumstances of the transaction which resulted in his death.3 Another category of statement
envisaged under this section is statement as to any of the circumstances which resulted his death
which in itself is capable of expanding the width and contour of admissibility. 4 When the word
'circumstances' is linked to the “transaction which resulted in his death” the sub section casts the
net in a very wide dimension. Anything which had a nexus with his death, proximate or distant,
1
Section 32, Indian Evidence Act, 1872.
2
M.C Sarkar and P.C. Sarkar, Law of Evidence Vol.-1 724 (Wadhwa, Nagpur, 2008).
3
Moti Singh v. State of U.P, AIR 1964 SC 900.
4
M. Monir, Law of Evidence Vol.1 765 (Universal, Delhi, 15th edn.).
direct or indirect, can also fall within the purview of the sub section. As the possibility of getting
the maker of the statement has been closed once for all, the endeavour should be how to include
the statement of a person who is no more within the sweep of the sub section and not how to
exclude it there from.5

5
Id. at 765.