Vodafone Idea(VIL), which received a show-cause notice from the Department of Telecommunications (DoT) for non-payment of licence fee, said on Monday that it will be send a “suitable clarification” to the licensor.
“In this regard we wish to submit that payment of license fee is regular quarterly exercise based on self-calculation of revenue for each quarter. Generally the payment is made on 15th day of the month following the quarter end, but in the fourth quarter, an estimated payment is required by March 25,” VIL said in a regulatory filing.
“However, the license also allows the payment to be made with interest on 15th April. To the extent of any payment not made on March 25, will be paid on April 15 with interest,” it added.