AGR Dues: Telecom operator Bharti Airtel said on Saturday it made an additional payment to the telecom department (DoT) of Rs 8,004 crore on adjusted gross revenue (AGR) dues.
In accordance with the Supreme Court judgment, the payment of Rs 8,004 crore is in addition to Rs 10,000 crore which the company paid on February 17, 2020, it said in a regulatory filing.
The company said it had estimated the liabilities on the basis of self-assessment until 31 December 2019 and the payment included interest by 29 February 2020.
As said by Bharti Airtel, the company carried out self-assessment from FY 2006-07 until December 31, 2019, and interest thereon up to February 29, 2020 in accordance with the AGR judgment.
“Accordingly, on behalf of the Bharti Group of Companies, the company paid an additional sum of Rs 3,004 crore for the full and final amounts due in excess of the ad-hoc amount of Rs 10,000 crore paid on 17 February 2020,” the filing said.
Bharti Airtel, Bharti Hexacom and Telenor India were included in the deal.
“We have also deposited an additional amount of Rs 5,000 crore, as an ad-hoc payment (subject to the subsequent refund/adjustment to cover differences, if any arising from the reconciliation exercise with the DoT,” Airtel said.
Airtel owes nearly Rs 35,586 crore, including license fees, spectrum usage fees with interest on the unpaid amount, penalty and interest on penalty until July 2019 according to DoT estimates.
“Based on the aforesaid payment we have now complied with AGR judgment and the directions in the order of the Hon’ble Supreme Court dated October 24, 2019,” the company said.