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The Centre moved the Supreme Court on Monday seeking approval of its formula to allow telecom companies to pay their AGR dues in annual instalments for over 20 years to avoid impact on the economy.
A bench of Justices Arun Mishra<\/a> and M R Shah directed that the Centre's application be listed before the same bench which had given the October 24, 2019 verdict for payment of AGR dues, amounting to Rs 1.47 lakh crore, owed by telecom companies.
When asked that many telecom companies' licence will expire before 20 years, Mathews said that the operators are interested in buying 5G spectrum which will extend validity of their licence provided they get relief on the same.
\"When you talk of 20 years then these operators are intending to buy 5G spectrum at some point of time. There is an effort on DoT's side that there is more competition in the market,\" Mathews said.
Vodafone<\/a> Idea's 22 licences are estimated to expire by 2033, Airtel<\/a>'s 8 licences are due to expire in 2021, six each in 2024 and 2034 and another two by 2035.
Under the formula suggested by the government, the telecom companies impacted by the verdict of the apex court of October 24, 2019 will be allowed to pay the DoT-assessed dues in annual instalments over 20 years (or less if they so opt), \"duly protecting the next present value of the said dues using a discount rate of eight per cent (based on one-year marginal cost of lending rate of SBI which is currently 7.75 per cent)\".
As per the formula, \"interest on the unpaid amount, penalty, and interest on penalty in relation to the past dues as on the date of the judgement of the Supreme Court will not be levied beyond the date of the said judgement, and the net present value will be protected using the discount rate\".
It states that the telecom firms would continue to be liable for interest, penalty, and interest on penalty for unpaid dues of licence fee and spectrum usage charge which arises prospectively after the October 24, 2019, date of judgement of the apex court.
Loss-making telecom operator Vodafone<\/a> Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the Department of Telecom<\/a> (DoT), thereby completing payment of principal amount calculated on self-assessment basis.
With this fresh payment, Vodafone Idea (VIL) has paid Rs 6,854 crore towards AGR dues.
The DoT has raised total demand of around Rs 53,000 core for AGR liability of VIL which included interest, penalty and interest on delay in payment of the amount.
Telecom operator Bharti Airtel<\/a> too on February 29 claimed that it cleared entire AGR dues which the company calculated on self assessment basis. It made additional payment of Rs 8,004 crore towards adjusted gross revenue dues to the DoT in addition to Rs 10,000 crore the company paid on February 17, 2020.
\"Based on the aforesaid payment we have now complied with AGR judgement and the directions in the order of the Hon'ble Supreme Court dated October 24, 2019,\" Airtel<\/a> had said.
According to DoT estimates, Airtel owed nearly Rs 35,586 crore, including licence fee, spectrum usage charges with interest on unpaid amount, penalty and interest on penalty till July 2019.
The DoT has said that it has received part payment of about Rs 25,900 crore, excluding fresh payment of Rs 3,354 crore of VIL, from telecom operators towards statutory dues and has again directed telcos to make full payments.<\/body>","next_sibling":[{"msid":74660781,"title":"Mobile internet shut, prohibitory orders imposed in Manipur","entity_type":"ARTICLE","link":"\/news\/mobile-internet-shut-prohibitory-orders-imposed-in-manipur\/74660781","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":74662141,"entity_type":"ARTICLE","title":"DoT's suggestion to give telcos 20 years for AGR payment to help resurrect industry: COAI","synopsis":"The telecom department's proposal to allow telecom companies pay adjusted gross revenue (AGR) dues in 20 years will improve their cash flow, and the decision to raise tariff by mobile operators will help in resurrecting the financially stressed sector, industry body COAI said on Monday.","titleseo":"telecomnews\/dots-suggestion-to-give-telcos-20-years-for-agr-payment-to-help-resurrect-industry-coai","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-03-16 23:23:32","lastupd":"2020-03-16 23:25:50","breadcrumbTags":["AGR News","trai","Airtel","rajan s mathews","Department of Telecom","COAI","bharti airtel","Vodafone","Arun Mishra","telecom news"],"secinfo":{"seolocation":"telecomnews\/dots-suggestion-to-give-telcos-20-years-for-agr-payment-to-help-resurrect-industry-coai"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-03-16" data-index="article_1">
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点建议给电信公司20年的AGR付款帮助复活工业:COAI
电信部门的提议,允许电信公司薪酬调整总收入(AGR) 20年费将改善他们的现金流,和提高关税的决定移动运营商将帮助恢复经济强调行业,行业组织COAI周一表示。
中心搬到最高法院周一寻求批准,其公式允许电信公司在年度分期偿还AGR会费20多年来避免对经济的影响。
长椅上的法官阿伦Mishra和M R国王指示该中心的应用程序上市之前相同的长椅上考虑到10月24日,2019支付判决的AGR费,总计十万的1.47卢比,由电信公司欠。
当被问及许多电信公司的执照到期前20年,马修斯表示,运营商有兴趣购买5 g频谱将扩展他们的许可证的有效性提供了可以在同一领救济。
“当你谈论20年那么这些运营商打算买5 g频谱在某种程度上的时间。有一个努力点的一侧,在市场上有更多的竞争,”马修斯说。
沃达丰(Vodafone)想法的22个牌照估计到2033年到期,附近的旅馆8许可证到期的2021年,六个每个2035年在2024年和2034年,另一个两个。
政府建议的公式下,电信公司影响顶点法院的判决10月24日,2019年将是允许在年度分期支付DoT-assessed费超过20年(如果他们选择或更少),“适时保护下的现值说会费使用百分之八的贴现率(基于一年期贷款利率的边际成本,印度国家银行目前7.75%)”。
按照公式,“未支付的利息数额、惩罚和罚款利息与过去的会费和最高法院审判的日期不会征收之外的日期表示判断,和净现值将保护使用折现率”。
指出,电信公司将继续负责利息、罚款、罚金和利息无偿税的执照费和频谱使用电荷产生预期在10月24日,2019年,顶端法院审判日期。
亏损的电信运营商沃达丰(Vodafone)想法周一表示,它已经额外支付3354卢比对调整后的总收益(AGR)电信部门(点),从而完成自我评估的基础上支付本金计算。
用这个新的付款,沃达丰的想法(维尔)对AGR费支付了6854卢比。
点提出了总需求约为53000卢比的核心AGR责任维尔包括利息、罚款和利息延期支付的金额。
电信运营商Bharti Airtel2月29日声称,它清除整个AGR会费该公司自我评价的基础上计算。它使额外支付8004卢比对调整后的总营收会费点除了10000卢比公司支付2月17日,2020年。
“基于上述付款我们已经遵守AGR的方向的顺序判断和鸿'ble最高法院10月24日,2019年,“附近的旅馆所说的。
根据点估计,Airtel欠将近35586卢比,包括执照费、频谱使用费用与利息未付金额、处罚和罚款利息直到2019年7月。
点已表示,它已收到部分付款大约25900卢比,不包括新鲜支付3354卢比的维尔,从电信运营商向法定会费和再次要求电信公司充分支付。
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