Airtel submits Rs 8000 crore more as AGR dues, including Rs 5,000 crore extra, subject to DoT reconciliation

Bharti Airtel has paid the telecom division Rs 8004 crore extra as statutory dues in its second tranche, taking the whole quantity paid by the operator to the federal government to Rs 18,004 crore .

The newest deposit as adjusted gross income (AGR) dues is break up into Rs 3004 crore as full and last in direction of its AGR dues, based mostly on its self evaluation. It paid a further Rs 5000 crore as “ad-hoc payment”, topic to refund after the telecom division reconciles it is personal estimates with the telco‘s.

“…the Company has paid a further quantity of Rs. 3,004 crores in direction of the total and last quantities due over & above the ad-hoc quantity of Rs, 10,000 crores paid on February 17, 2020 on behalf of the Bharti Group of Companies (Bhartii Airtel, Bharti Hexacom and Telenor India),” stated the telco in a regulatory submitting on Saturday .

“In addition to the aforesaid amounts paid basis our self-assessment, we have also deposited an adc!itlonal amount of Rs. 5,000 crores, as an ad-hoc payment,”(topic to subsequent refund / adjustment) to cowl variations, if any, arising from the reconciliation train with the DoT,” it added .

This means Airtel has paid Rs 18,004 crore in all in comparison with AGR calls for of about Rs 35,000 crore .

The operator had earlier paid Rs 10,000 crore as AGR dues and it seems just like the second tranche might be its last one.

The telco has additionally submitted its self evaluation to DoT.

“….the Company has carried out self-assessment from FY 2006-07 onwards upto December 31, 2019,and interest thereon up to February 29, 2020 in line with the AGR Judgment, various license agreements entered into with the Department of Telecommunications (“DoT”) and the various directions issued by the DoT from time to time with respect to Spectrum Usage Charges,” it added .

So far Reliance Jio is the one telco which has paid its full AGR dues of Rs 195 crore.

Vodafone Idea, which has been hit hardest by Supreme Court’s AGR verdict, has thus far paid Rs3500 crore of its Rs57,000 crore as estimated by the DoT. Its personal estimate is dues of round Rs23,000 crore, together with Rs7,000 crore precept.

Tata Teleservices however has paid Rs 2,197 crore as per its self-assessment and has submitted particulars of the AGR calculations to the federal government.

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