SC grants 10-year time to telecos to clear AGR dues

Satya Prakash
Tribune News Service

New Delhi, September 1

The Supreme Court on Tuesday granted 10-year time to telecos like Vodafone Idea, Bharti Airtel and Tata Teleservices for paying Adjusted Gross Revenue-related dues. 

It mentioned telecos ought to pay 10 per cent of AGR-related dues by March 31, 2021.

Story Highlights

  • SC regards time to telecos – 10 years however with instructions
  • Demands raised for AGR, no dispute to be raised, no revaluation

  • 10% cost to be effected instantly

  • Personal ensures by MDs in four weeks

  • Yearly intervals by 31st of yearly from 2021 to 2031

  • Existing BGs to be stored alive

  • Default curiosity as per settlement else contempt

The prime courtroom had on October 24, 2019, dominated that the statutory dues wanted to be calculated by together with non-telecom revenues in what is called AGR of telcos. Later, it had rejected their overview petitions, saying there was no “justifiable reason” to entertain their pleas.

Telcos needed to make a staggered cost, contending that they confronted monetary constraints. The DoT had supported their plea and urged the courtroom to permit staggered cost AGR dues by telcos within the subsequent 20 years.

The Bench, which additionally included Justice BR Gavai and Justice Krishna Murari, had reserved the decision on July 20 on the side of granting timeline to telcos for staggered cost of AGR- associated dues.

However, the Bench had made it clear that it’ll not hear “even for a second” any arguments on reassessment or re-calculation of AGR.

During the listening to, it had requested telcos to furnish books of accounts for the final ten 12 months. It had mentioned 15-20 years sought by some telecos was not cheap.

Last month, the DoT had mentioned all liabilities, together with AGR-related dues, must be cleared by telecos earlier than spectrum buying and selling.

The DoT had mentioned it will probably search to recuperate dues from sellers and patrons of the spectrum, collectively or individually.

The DoT had mentioned that no demand has been raised in opposition to Reliance Jio and Airtel for half dues of Reliance Communications (RCom) and Videocon respectively.

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