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AGR row: GAIL says DoT's Rs 1.83 lakh cr demand notice not material event, legally untenable
Business

AGR row: GAIL says DoT's Rs 1.83 lakh cr demand notice not material event, legally untenable

GAIL said it had refuted the provisional assessment orders of DoT and sought its withdrawal.

DoT seeks Rs 1.72 lakh crore from GAIL in telecom dues, amount sought several times net worth of natural gas processing firm
Business

DoT seeks Rs 1.72 lakh crore from GAIL in telecom dues, amount sought several times net worth of natural gas processing firm

Representational image. Reuters Sources said the dues being sought are more than three times the net worth of GAIL and several times the actual revenue earned. The Supreme Court had on October 24 ruled that non-telecom revenues earned by firms using spectrum or airwaves allocated by the government will be considered for calculating statutory dues. While telcos such as Bharti Airtel and Vodafone Idea may have had non-telecom revenues generated from using the government licence and spectrum, firms such as GAIL had no such revenue