British telecom major Vodafone Tuesday submitted its response to the Finance Ministry's proposal for a non-binding conciliation to settle the long pending Rs 11,200 crore tax dispute.
It could not be immediately known whether the company has accepted the Government offer for out of court settlement of the tax dispute.
The dispute relates to the 2007 acquisition of Hutchison Whampoa's stake in Hutchison Essar by Vodafone. It has been asked to pay `11,200 crore tax on the acquisition.
"We have got the Vodafone's reply," a top official told the news agency without going into the details. Vodafone, which has been insisting on conciliation under the UNCITRAl, did not respond to an email enquiry in this regard.