The Department of Telecom has
raised a demand of Rs 48,457 crore as AGR (Adjusted Gross Revenue) dues
from Oil India to be paid by January 23.
"Demand notice has been sent to Oil India. It is around Rs 48,500 crore", said a source.
share price of Oil India dropped 4.24% after the news. Many PSU and
government entities such as Oil India, NHAI, Indian Railways and Power
Grid Corporation use optic fibre from the DoT's networks under IP and
ISP licences. As per SC order, the dues are to be computed from their
parent revenue not just coming out of the communication-related
Earlier state-owned natural gas processing and
distribution company AGAIL was issued a Rs 1.72 lakh crore payment
demand under AGR for its on IP-1 and IP-2 licences as well as Internet
Service Provider (ISP) licence. The Department had also sent fertiliser
PSU GNFC a demand notice seeking Rs 15,019 crore in additional payment
against its V-SAT and ISP licences for the period between 2005-06 and
"We have received a demand notice for paying payments
by January 23. We plan to challenge it in TDSAT," Oil India CMD Sushil
Chandra Mishra told media at an event.
Telecom companies Bharti
Airtel, Vodafone Idea and Tata Tele are set to file at Supreme Court
again through a curative petition to seek relief in the payment of
overdue levies and interest.
On January 17, the Supreme Court
had rejected their review plea against its judgment on the payment of
AGR amounting to nearly Rs 1 lakh crore. These companies will file a
plea seeking modification of the AGR judgment.
Court's October 24 order states that non-telecom revenues earned by
firms using spectrum by the government should be considered for
calculating statutory dues. The DoT has totalled all the revenues earned
by a company in the last 15 years and raised the demand.