New Delhi: The Indian government has time till the last week of December to appeal against the verdict of an arbitration panel that scrapped levy of Rs 22,100 crore tax on the UK-based telecom firm Vodafone Group<\/a> Plc using a retrospective law. 印度政府有时间到12月最后一周的上诉仲裁委员会的裁决取消征收22100卢比的税收英国电信公司沃达丰集团使用回顾法律。 新德里:印度政府有时间到12月最后一周的上诉仲裁委员会的裁决取消征收22100卢比的税收英国电信公司沃达丰集团Plc使用回顾法律。
Finance<\/a> Secretary Ajay Bhushan Pandey, refusing to be drawn into discussion on former Finance<\/a> Minister Arun Jaitley's promise to honour awards in retrospective tax cases, said the government is examining all aspects to arrive at a decision on whether to appeal against the Voda award.
\"We are still examining various aspects and a decision would be taken in due course,\" Pandey told .
Asked if there is a time limit on the decision to file an appeal, Pandey said, \"All arbitration orders if at all have to be appealed, have a time limit of 90 days. So, we have time to decide, so will decide.\"
Jaitley as the Finance Minister of Modi-1.0 government on several occasions had stated that the BJP<\/a> government will not raise any new demand using the retrospective tax legislation and will honour arbitration awards in cases where companies had challenged tax demands raised by the previous regime using the controversial retrospective tax legislation.
Vodafone<\/a> had challenged before the arbitration tribunal India's usage of a 2012 legislation that gave the government powers to retrospectively tax deals like Vodafone<\/a>'s USD 11-billion acquisition of 67 per cent stake in the mobile phone business owned by Hutchison Whampoa<\/a> in 2007.
It challenged the demand of Rs 7,990 crore in capital gains taxes (Rs 22,100 crore after including interest and penalty) under the Netherlands-India Bilateral Investment Treaty (BIT).
The arbitration tribunal had said India's \"conduct in respect of the imposition\" of tax demand on Vodafone \"notwithstanding the Supreme Court judgement is in breach of the guarantee of fair and equitable treatment\" in the bilateral investment protection treaty.
As per the award, the government has to reimburse Vodafone 60 per cent of its legal costs and half of the 6,000 euros cost borne by Vodafone for appointing an arbitrator on the panel. Sources said the Government of India's liability will be restricted to about Rs 75 crore in cost refunds.<\/p><\/body>","next_sibling":[{"msid":79018504,"title":"Reliance Jio partnership helps Netflix gain momentum in India: Report","entity_type":"ARTICLE","link":"\/news\/reliance-jio-partnership-helps-netflix-gain-momentum-in-india-report\/79018504","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"79018497","title":"Voda_reuters","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award\/voda_reuters","category_name":"India has time till December-end to appeal against Vodafone arbitration award","synopsis":"\"All arbitration orders if at all have to be appealed, have a time limit of 90 days. So, we have time to decide, so will decide,\" Finance Secretary Ajay Bhushan Pandey said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-329586\/79018497.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award\/voda_reuters\/79018497"}],"msid":79018579,"entity_type":"ARTICLE","title":"India has time till December-end to appeal against Vodafone arbitration award","synopsis":"The Indian government has time till the last week of December to appeal against the verdict of an arbitration panel that scrapped levy of Rs 22,100 crore tax on the UK-based telecom firm Vodafone Group Plc using a retrospective law. ","titleseo":"telecomnews\/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":3258,"shares":0,"engagementtimems":16265000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-11-03 15:41:00","lastupd":"2020-11-03 15:42:16","breadcrumbTags":["Vodafone arbitration","Vodafone","Vodafone tax case","Hutchison Whampoa","BJP","Industry","Vodafone group","arbitration tax case","finance"],"secinfo":{"seolocation":"telecomnews\/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-11-03" data-index="article_1">
印度有时间到December-end沃达丰仲裁裁决提起上诉
金融秘书Ajay Bhushan Pandey,拒绝被卷入讨论前金融部长杰承诺荣誉奖项在回顾税情况下,说,政府正在调查到达各个方面决定是否上诉Voda奖。
“我们仍检查各个方面和决定将在适当的时候,“Pandey告知。
杰的财政部长莫迪- 1.0政府几次说了人民党政府不会提出任何新的需求使用回顾性税收立法和荣誉仲裁裁决的情况下公司税收的要求提出的挑战前政权使用有争议的回顾性税收立法。
沃达丰(Vodafone)以前要求仲裁庭印度使用2012年立法,给政府权力回顾性税收交易沃达丰(Vodafone)的110亿美元收购旗下的手机业务67%的股份和记黄埔(Hutchison Whampoa)在2007年。
它挑战了7990卢比的需求在资本利得税(包括利息和罚款22100卢比后)下Netherlands-India双边投资条约(位)。
仲裁庭表示,印度的“行为的实施”的税收要求沃达丰”尽管最高法院判决违反保证公平和公正待遇”的双边投资保护条约。
按照合同,政府必须偿还沃达丰(Vodafone) 60%的法律费用和一半的6000欧元成本由沃达丰委任仲裁员的面板。消息人士称,印度政府的责任将被限制在大约75卢比退款费用。
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New Delhi: The Indian government has time till the last week of December to appeal against the verdict of an arbitration panel that scrapped levy of Rs 22,100 crore tax on the UK-based telecom firm Vodafone Group<\/a> Plc using a retrospective law.
Finance<\/a> Secretary Ajay Bhushan Pandey, refusing to be drawn into discussion on former Finance<\/a> Minister Arun Jaitley's promise to honour awards in retrospective tax cases, said the government is examining all aspects to arrive at a decision on whether to appeal against the Voda award.
\"We are still examining various aspects and a decision would be taken in due course,\" Pandey told .
Asked if there is a time limit on the decision to file an appeal, Pandey said, \"All arbitration orders if at all have to be appealed, have a time limit of 90 days. So, we have time to decide, so will decide.\"
Jaitley as the Finance Minister of Modi-1.0 government on several occasions had stated that the BJP<\/a> government will not raise any new demand using the retrospective tax legislation and will honour arbitration awards in cases where companies had challenged tax demands raised by the previous regime using the controversial retrospective tax legislation.
Vodafone<\/a> had challenged before the arbitration tribunal India's usage of a 2012 legislation that gave the government powers to retrospectively tax deals like Vodafone<\/a>'s USD 11-billion acquisition of 67 per cent stake in the mobile phone business owned by Hutchison Whampoa<\/a> in 2007.
It challenged the demand of Rs 7,990 crore in capital gains taxes (Rs 22,100 crore after including interest and penalty) under the Netherlands-India Bilateral Investment Treaty (BIT).
The arbitration tribunal had said India's \"conduct in respect of the imposition\" of tax demand on Vodafone \"notwithstanding the Supreme Court judgement is in breach of the guarantee of fair and equitable treatment\" in the bilateral investment protection treaty.
As per the award, the government has to reimburse Vodafone 60 per cent of its legal costs and half of the 6,000 euros cost borne by Vodafone for appointing an arbitrator on the panel. Sources said the Government of India's liability will be restricted to about Rs 75 crore in cost refunds.<\/p><\/body>","next_sibling":[{"msid":79018504,"title":"Reliance Jio partnership helps Netflix gain momentum in India: Report","entity_type":"ARTICLE","link":"\/news\/reliance-jio-partnership-helps-netflix-gain-momentum-in-india-report\/79018504","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"79018497","title":"Voda_reuters","entity_type":"IMAGES","seopath":"industry\/telecom\/telecom-news\/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award\/voda_reuters","category_name":"India has time till December-end to appeal against Vodafone arbitration award","synopsis":"\"All arbitration orders if at all have to be appealed, have a time limit of 90 days. So, we have time to decide, so will decide,\" Finance Secretary Ajay Bhushan Pandey said.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-329586\/79018497.cms?width=150&height=112","link":"\/image\/industry\/telecom\/telecom-news\/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award\/voda_reuters\/79018497"}],"msid":79018579,"entity_type":"ARTICLE","title":"India has time till December-end to appeal against Vodafone arbitration award","synopsis":"The Indian government has time till the last week of December to appeal against the verdict of an arbitration panel that scrapped levy of Rs 22,100 crore tax on the UK-based telecom firm Vodafone Group Plc using a retrospective law. ","titleseo":"telecomnews\/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":3258,"shares":0,"engagementtimems":16265000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-11-03 15:41:00","lastupd":"2020-11-03 15:42:16","breadcrumbTags":["Vodafone arbitration","Vodafone","Vodafone tax case","Hutchison Whampoa","BJP","Industry","Vodafone group","arbitration tax case","finance"],"secinfo":{"seolocation":"telecomnews\/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award"}}" data-news_link="//www.iser-br.com/news/india-has-time-till-december-end-to-appeal-against-vodafone-arbitration-award/79018579">
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