Vodafone Idea has paid Rs. 1000 crore to DoT in AGR Dues

Vodafone Idea on Saturday paid additional Rs. 1000 crore to DoT as a part of AGR dues.

Vodafone Idea has paid Rs. 1000 crore to DoT in AGR Dues. Vodafone Idea Ltd. has paid additional Rs. 1000 crore as a part of AGR ( Adjusted Gross revenue) to DoT.

Till now it has paid the Rs. 7,854 in AGR.

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The company had earlier deposited 6,854 crore in three tranches. The company has thus paid an aggregate amount of 7,854 crore towards the AGR dues .

Confirmed the regulatory authority.

According to Supreme Court ruling which upheld AGR definition asked the mobile companies to pay levies along with principal amount,interest and penalty..

The ship is barely afloat. The only way to pay AGR dues is to stagger payments over 20 years.

Said Mukul Rahtogi,a senior advocate which represents Vodafone case.