Provisional Assessment Orders received from Department of Telecommunications, Ministry of Communications, Government of India.
it is hereby informed that the Company had received provisional assessment orders towards Annual License Fees in respect of IP-II License for several financial years from the Office of Controller of Communication Accounts, Department of Telecommunication (DoT), Ministry of Communications, Government of India. DoT had submitted an allegedly total outstanding amount of Rs.1, 83,076 Crore (One Lakh Eighty Three Thousand and Seventy Six Crore rupees) including interests and penalty computed on the entire revenues of the Company, which were refuted by the Company being an unrelated matter to the terms & conditions of the License.
Based on the legal opinion sought in this regard and facts of the case, the Company is of the view, that the amount assessed in provisional assessment orders are legally not tenable. In this regard, the Company has also filed an application with Hon'ble Supreme Court on 23rd January, 2020 for seeking clarification of the judgement passed.
