Bharti Airtel pays Rs 10,000 crore to govt in the direction of AGR dues to telecom division; stability quantity to be paid after self-assessment
New Delhi: After Supreme Court docket rap and the federal government’s stringent deadline, Bharti Airtel on Monday stated it has paid Rs 10,000 crore to the telecom division in the direction of statutory dues.
The corporate stated it is going to make cost of the stability quantity after self-assessment train.
“The…complete quantity of Rs 10,000 crore has been paid on behalf of Bharti Airtel, Bharti Hexacom, and Telenor.
Bharti Airtel makes cost of Rs 10,000 Cr to @DoT_India for #AGR dues, co says remaining cost can be made as soon as self-assessment train completes earlier than the following date of SC listening to, scheduled for March 17 pic.twitter.com/wMVXvex2m9
— CNBC-TV18 (@CNBCTV18Reside) February 17, 2020
“We are in the process of completing the self assessment exercise expeditiously and will duly make the balance payment upon completion of the same, before the next date of hearing in the SC,” Bharti Airtel stated.
The corporate stated it is going to additionally submit supporting particulars on the time of creating stability cost.
The telecom division on 1 February started issuing orders asking companies resembling Bharti Airtel and Vodafone Thought to clear previous dues instantly.
The DoT, which confronted the ire of the Supreme Court docket for placing on maintain restoration of dues from telecom corporations, had began issuing circle or zone-wise demand notices to the companies.
Airtel had beforehand responded to DoT order by providing to pay Rs 10,000 crore by 20 February and the remaining earlier than 17 March. Airtel owes practically Rs 35,586 crore, together with licence price and spectrum utilization cost, to the federal government.
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