DoT seeks clarity from Trai on encashing telcos’ BGs to recover spam penalties, ET LegalWorld
The communications ministry has sought clarity from the telecom regulator on which licence clauses can be invoked to encash telcos’ bank guarantees (BGs) to recover fines related to spam, or unsolicited communications. A few months ago, in an unprecedented move, the Telecom Regulatory Authority of India (Trai) urged the government to encash telecom operators’ BGs […]
SC rules in favor of telcos, allows Cenvat credits on infrastructure duties, ET LegalWorld
In a big win for the telecom sector, the Supreme Court Wednesday ruled service providers can claim Cenvat credits on central excise duties paid to buy key telecom infrastructure, such as towers and their components, green shelters, prefabricated buildings (PFBs) and other related materials. Bharti Airtel, Vodafone Idea and Indus Towers stand to benefit from […]
Big blow for telcos as SC rejects AGR re-computation plea; Vi shares crash, ET LegalWorld
The Supreme Court on Thursday rejected a batch of pleas by various telecom companies including Vodafone Idea and Bharti Airtel, in the re-computation of Adjusted Gross Revenue (AGR) case. The curative petitions by Indian telcos, which are usually decided by judges in the chamber and mostly rejected, were listed before a bench comprising chief justice […]