Will ship appropriate clarification to DoT over show-cause discover: VodaIdea
Vodafone Concept Ltd (VIL) on Monday stated it is going to be sending a “appropriate clarification” to the telecom division on show-cause discover over non-payment of licence charge in seven circles, and famous that any cost not made on March 25, can be paid on April 15 with curiosity.
Final week, the Division of Telecom (DoT) issued a show-cause discover to VIL over non-payment of licence charge for the fourth quarter of 2020-21, with regard to circles of Bihar, Gujarat, Jammu and Kashmir, Kerala, Maharashtra, Uttar Pradesh (East), Odisha , in addition to nationwide lengthy distance.
“We might be sending appropriate clarification to DoT close to the stated show-cause discover,” VIL stated in a regulatory submitting.
VIL defined that cost of licence charge is common quarterly train based mostly on self-calculation of income for every quarter.
Typically, the cost is made on fifteenth day of the month following the quarter-end, however within the fourth quarter an estimated cost is required by March 25. Nonetheless, the licence additionally permits the cost to be made with curiosity on April 15.
“To the extent of any cost not made on March 25, might be paid on April 15 with curiosity,” VIL added.
As per the discover, final week, DoT directed VIL to point out trigger by April 12, 2021 why motion shouldn’t be taken towards the corporate below related clauses of licence settlement.
“Failure to carry out any obligation(s) below the licence together with well timed cost of licence charge and different costs as a consequence of licensor is breach of licence settlement as per the phrases and circumstances of the licence settlement,” DoT had stated. PTI MBI
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