Lawstreet Journal

Department of Telecom Rescinds Demand Notices From 2006-07 To 2018-19: Power Grid Corp in AGR Case

Lawstreet Journal 17 Jul 2020 10:47pm

Image courtesy: Lawstreet Journal Executive Department of Telecom Rescinds Demand Notices From 2006-07 To 2018-19: Power Grid Corp in AGR Case

Government-run Power Grid Corp said the Department of Telecommunications (DoT) has rescinded provisional demand notices given to the company on July 15, 2020, in regard to license payment for the period from 2006-2007 to 2018-2019.

The corporation possesses National Long Distance (NLD) and Internet Service Provider (ISP) licenses.

In a legally required filing, Power Grid Corp claimed the interim demand notices with regards to license fee which were inclusive of the interest, penalty, and interest on penalty with regards to the National Long Distance and Internet Service Provider permits concerning the Financial Year 2006-07 to Financial Year 2018-19 have been rescinded by the Department of Telecommunications. Concerning this, a letter was issued on July 14 by the DoT.

In the previous month, Power Grid Corporation mentioned that the Department of Telecommunications had brought forward a demand of Rs 13,613.66 crore as license fee with regards to the NLD and ISP for years 2006-07 to 2009-10.

Preceding this, in January 2020, the organization said the Department of Telecommunications had made the interim assessments for the years Financial Year 2014-2015 to Financial Year 2017-2018 and additionally undertook reassessments for the financial years of 2012-2013 and 2013-2014. The Department of Telecommunication had introduced an additional demand for about the sum of Rs 21,954 crore in the bygone twelve months in addition to non-telecom revenue as Miscellaneous Income in AGR (Adjusted Gross Revenue), the corporation had expressed.

Power Grid Corp had argued those DoT demand notices expressing that the power transmission and its related consultancy business consist of 98 percent of revenue whereas earning from the telecom… Continue Reading...

Tagged: Telecom Regulatory Authority of India  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0

C2RMTo Know More

Something Awesome Is In The Work









Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail