MENU

Published on 22/11/2019 5:28:18 PM | Source: Live Mint

Bharti Airtel, Vodafone Idea file review petition on AGR

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

NEW DELHI : Bharti Airtel and Vodafone Idea on Friday filed a petition with the Supreme Court (SC) to review its 24 October judgement that ordered them and other telecom companies to pay over ₹92,000 crore to the department of telecommunications (DoT) in penalties in a 14-year-long case. The matter pertained to the DoT claiming that telecom companies had under reported their revenues.

Levies in the telecom sector are based on a percentage of their adjusted gross revenues (AGR). The DoT contended that the telecom companies’ AGR also included income from dividends and revenue from sale of handsets bundled with services, an argument that the companies disputed.

The SC had asked the companies to make the payments within three months of the judgement. The DoT had issued demand letters to these companies a little over a week ago.