Tata Communications tested DoT’s Rs 991.5 crore permit charge need
New Delhi:
Tata Communications has actually tested Telecom Department’s Rs 991.5 crore permit charge need concerning previous years, in TDSAT, which has actually routed the DoT not to take any kind of forceful activity till the following hearing, the firm stated in a declaring on Friday.
The Department of Telecom (DoT) in its need letter dated August 8, 2023, has actually increased particular license-fee needs of Rs 991.54 crore concerning FY 2006-07 (worldwide long-distance and also access provider) and also FY 2007-08 (NLD, ILD and also ISP).
“These demands have been challenged by the company before…TDSAT (Telecom Disputes Settlement and Appellate Tribunal), wherein after hearing both the parties, …TDSAT, vide its order dated 14 August 2023 received by the company on 17 August 2023, has directed DoT not to take any coercive action till the next hearing,” Tata Communications stated in a BSE declaring.
The firm additionally stated it has actually currently consisted of the quantity in disagreement as component of the notes to accounts in the quarterly economic outcomes for the June 2023 quarter.
“This has already been considered as part of contingent liabilities for the quarter ended 30 June 2023,” the declaring stated.
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