Revised penalty for default in payment of License fee under PMRTS License Agreement

The Department of Telecommunication vide notification dated October 6, 2021 has amended PMRTS License Agreement to revise the penalty for delay in payment of License fee. Delayed payment of License fee will attract interest at a revised rate of 2% instead of 4% and the interest shall be compounded annually instead of monthly.

The clause that provided penalty for short payment of license fee upon self assessment by licensee is deleted.

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