Show-cause notice to VIL over not paying licence fee in 7 circles for Q4
The telecom department has issued a show-cause notice to Vodafone Idea Ltd (VIL) over non-payment of licence fee for the fourth quarter of FY2020-21, with regard to some circles, sources said.
The show-cause notice dated April 7, 2021 states that the company has not paid Q4 FY21 licence fee (by March 25) for circles of Bihar, Gujarat, Jammu and Kashmir, Kerala, Maharashtra, Uttar Pradesh (East), Orissa, as well as national long distance.
An e-mail sent to Vodafone Idea on the issue remained unanswered. But sources close to the company said that payments had made towards licence fee and spectrum usage charges for the quarter ending March 2021, last month, and that payment gaps if any, will be completed within the defined timeline.
As per the notice, seen by PTI, the Department of Telecom (DoT) has directed VIL to show cause by April 12, 2021 why action should not be taken against the company under relevant clauses of licence agreement.
Licence fee is payable in four quarterly instalments during each financial year. Quarterly instalment of licence fee for the first three quarters of a financial year are payable within 15 days of the completion of the relevant quarter. For the last quarter of financial year, licencees have to pay the licence fee by March 25.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
