AGR Dues: PSU OIL moves to Supreme Court against Rs 48,000-crore demand

State-owned Oil India Ltd (OIL) on Wednesday said it has filed a clarificatory/modificatory petition in the Supreme Court against a Rs 48,000 crore adjusted gross revenue (AGR) demand raised by the department of telecommunications (DoT) on cumulative revenue of Rs 1.47 crore it had earned on a national long distance telecom licence.

The demand raised by the DoT is a fallout of the October 24 order of the Supreme Court relating to the definition of AGR and what all goes into its computation. The order has hit hard the telecom operators with a total dues of Rs 1.47 lakh crore. Apart from the telecom operators, several non-telecom PSUs have also come under its net. Though these PSUs do not have telecom services as their core operations, they have a telecom licence of some nature or use spectrum for some part of their operations. Most of them had taken the concerned telecom licence in the name of the flagship firm instead of the subsidiary which runs telecom-related operations.