DoT withdraws Rs 2.3 lakh cr demand notices on GAIL, OIL
The Department of Telecommunications (DoT) has withdrawn a demand of over Rs 2.3 lakh crore it had made on state-owned gas utility GAIL India Ltd and explorer Oil India Ltd (OIL) in past telecom dues, the companies informed stock exchanges.
Following the October 24, 2019 order of the Supreme Court asking inclusion of non-telecom revenues for calculating statutory dues such as license fee and spectrum charges of telecom firms, the DoT had sought Rs 1.83 lakh crore from GAIL and another Rs 48,489 crore from OIL in past dues.
The withdrawal follows the Supreme Court ruling last month, terming the adjusted gross revenue (AGR) dues raised on non-telecom PSUs “wholly and totally impermissible”. It asked DoT to reconsider such demand, and the department has now formally withdrawn them.
