AGR dues: Telecom companies owe around Rs 22,589 cr as licence fees; rest Rs 70k cr is interest, penalty

AGR dues: Telecom companies owe around Rs 22,589 cr as

 

New Delhi: Telecom companies’ unpaid licence costs quantity to Rs 22,589 crore, although fascination and penalties took the whole legal responsibility to Rs 92,641 crore, resources said.

The licence cost is the big ingredient of the whole Rs 1.47 lakh crore AGR (Modified Gross Revenue) dues owed by equally operational and non-operational telecom corporations to the government till July 2019.

Aside from licence charges, telecom companies owe Rs 55,054 crore in spectrum usage expenses (SUC), as for each estimates of the Division of Telecommunications (DoT).

As telecom operators scramble to comply with Supreme Courtroom purchase on AGR dues, the resources mentioned real pending liability regarding licence charges is Rs 22,589 crore.
The harmony 74 for each cent of the total licence payment dues of Rs 92,641 crore is on account of curiosity on this amount, penalty and fascination on the penalty.

Out of the total unpaid simple licence charge, telecom companies that are operational collectively owe all-around Rs 16,746 crore, in accordance to the estimates ready by the DoT in July 2019.

 AGR dues: Telecom companies owe around Rs 22,589 cr as licence fees; rest Rs 70k cr is interest, penalty

Representational impression. Reuters

The unpaid licence service fees of Bharti Airtel was assessed at Rs 5,528.52 crore, Vodafone Thought Rs 6,870.69 crore, Tata Group Rs 2321.31 crore, Telenor (now merged with Airtel) Rs 529.02 crore, BSNL Rs 614 crore and MTNL Rs 876.39 crore.

“These estimates ended up well prepared in July. The fresh calculation is in approach,” an formal supply claimed.

Meanwhile, Bharti Airtel has paid out Rs 10,000 crore, Vodafone Idea Rs 3,500 crore and Tata Team Rs 2,197 crore for equally licence rate and SUC dues.

Yet another source informed PTI that the DoT has discovered that circle offices have not followed the uniform procedure and have been “cherry-buying” figures submitted by telecom operators in the calculation of AGR dues.

The DoT on 3 February issued a letter with tips to all Controller General of Communication Accounts to reconcile AGR dues and requested them to give 15 times time to operators for the submission of appeals and documents similar to deductions they make in the closing payment, resources said.

“Any delay in payment of licence payment payable, or any other dues payable below the licence over and above the stipulated period appeals to desire at a fee which will be 2 percent earlier mentioned the primary lending level of SBI,” the formal source explained.

The official even further included that in the circumstance the whole volume paid out as a quarterly licence cost for the 4 quarters of the economic 12 months falls quick by extra than 10 for every cent of the payable licence charges, then a penalty of 50 per cent of the complete brief payment is levied on the telecom operators.

According to estimates well prepared by the DoT for overall dues, Airtel owes just about Rs 35,586 crore, which includes licence charge, spectrum utilization charges with curiosity on the unpaid quantity, penalty and fascination on the penalty.

Vodafone Concept is staring at dues truly worth about Rs 50,000 crore. Similarly, Tata Teleservices owes close to Rs 11,600 crore, BSNL Rs 4,989 crore and MTNL Rs 3,122 crore.

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