DoT withdraws order against Power Grid to clear AGR dues

NEW DELHI: The Department of Telecommunications (DoT) on Wednesday withdrew its demand notices asking state-owned Power Grid Corp of India Ltd to clear licence fee, including interest and penalty for the financial years 2006-07 to 2018-19. Licence fee is part of the adjusted gross revenue (AGR) levies calculated by the DoT and payable by operators.

“The provisional demand notices towards license fee including interest, penalty and interest on penalty in respect of NLD (National Long Distance) & ISP (internet service provider) licenses pertaining to FY 2006-07 to FY2018-19 have been withdrawn by the Department of Telecommunications,” the power transmission company said in an exchange filing.

The move comes days before the next hearing on the AGR matter on 20 July, when Vodafone Idea Ltd, Bharti Airtel Ltd and Tata Teleservice will furnish details of financial statements and books of accounts of last 10 years to the Supreme Court.