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Vodafone Idea has paid another Rs 3,354 crores to the Department of Telecom towards settling its Adjusted Gross Revenue (AGR) dues.
The Company had filed its self-assessment of the AGR liabilities with the Department of Telecommunications on March 6, 2020, in which AGR liability principal amount of Rs.6,854 crores was determined for the period from FY 2006-07 to FY 2018-19.
Vodafone Idea had earlier paid a sum of Rs.2,500 crores on 17 February 2020 and a further sum of Rs.1,000 crores on 20 February 2020 towards this liability.
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"The Company has today paid a further amount of Rs. 3,354 crores to the DoT, being the balance part of the principal amount towards AGR liability. Thus the Company has paid the full principal amount of Rs. 6,854 crores towards the AGR dues," Vodafone Idea said in a press release.
This is , however,much lower than the initial estimates made by the DoT. In the case of Vodafone Idea, the DoT had pegged the dues at ₹53,000 crore. Vodafone Idea had itself set aside Rs 25,680 crore towards settling AGR dues earlier.
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