News By/Courtesy: Ishita | 01 Mar 2020 12:00pm IST

HIGHLIGHTS

  • 18,004cr paid so far
  • Airtel ows 35,000cr
  • Airtel owes the amount to Department of Telecommunications.

New Delhi: Telecom operator Bharti Airtel on Saturday announced that it has made  an additional payment of rupees 8,004 Crore towards the  adjusted gross revenue dues to the Department of Telecom (DoT). The payment of rupees 8,004 crore is in the addition to rupees 10,000 crore the company paid on Feburary 17, 2020 in compliance to the Supreme Court judgement, it said in a regulatory filing. 

The compnay informed that the liabilities were calcullated on self assement basis til december ,31, 2019 and the payment includes interest up to Feburary 29, 2020. The company has carried out self assesment from FY 2006-07 upto December 31, 2019 and interest thereon upto Feburary 29, 2020 in  line with the Adjusted Gross Revenue (AGR) judgement, Bharti Airtel said. "Accordingly the company paid an additional amount of rupees 3,004 crore towards the full and final amounts due over and above ad-hoc amount of rupees 10,000 crore paind on Feburary 17, 2020 on behalf of Bharti Group of companies," the filling said.

The payment included liablities on Bharti Airtel, Bharti Hexacom and Telenor India. Airtel also said that they have deposited and additional amount of rupees 5000 crore, as an ad-hoc payment ( subject to the subsequent refund/ adjustment to cover differences, if any arising from the reconciliation exercise with the DoT. According to estimates by the Department of Telecommunications, Airtel owed nearly rupees 35,586 crore, including license fee, spectrum usage charges with interets on unpaid amount, penalty and interest on penalty till July 2019. The company also said that as based o the aforesaid payment we have now compiled with AGR judgement and the directions in the order of the Hon'ble Supreme Court dated October 24, 2019.

Section Editor: Kajal Jain | 05 Mar 2020 11:00am IST


Tags : #airtel

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