New Delhi, July 16
The Department of Telecommunications (DoT) has withdrawn a requirement of over Rs 2.three lakh crore it had made on state-owned gasoline utility GAIL India Ltd and explorer Oil India Ltd (OIL) in previous telecom dues, the corporate knowledgeable inventory exchanges.
Following the October 24, 2019 order of the Supreme Court asking inclusion of non-telecom revenues for calculating statutory dues similar to licence price and spectrum fees of telecom corporations, the DoT had sought Rs 1.83 lakh crore from GAIL and one other Rs 48,489 crore from OIL in previous dues.
Decision taken after SC ruling
The withdrawal follows the Supreme Court ruling final month, terming the adjusted gross income (AGR) dues raised on non-telecom PSUs “wholly and totally impermissible”
The withdrawal follows the Supreme Court ruling final month, terming the adjusted gross income (AGR) dues raised on non-telecom PSUs “wholly and totally impermissible”. It requested DoT to rethink such demand, and the division has now formally withdrawn them.
GAIL mentioned it has acquired a letter dated July 14 from DoT “towards the withdrawal of all provisional demand notices issued” to the corporate.
OIL, in a separate submitting, mentioned it has acquired a letter dated July 13 from DoT “communicating the withdrawal of demand notices amounting to Rs 48,489.26 crore issued against the company for the financial year 2007-08 to 2018-19.” — PTI