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Transport ministry proposes up to 25{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} concession on road tax against a vehicle scrapping certificate, Auto News, ET Auto

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The transport ministry has proposed a concession of twenty five{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} in road tax for private vehicles and fifteen{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} for transport vehicles versus a scrapping certification.

The rule, portion of the car scrapping plan, is proposed to appear into outcome October 1st this 12 months onwards.

In circumstance the car is registered versus submission of “Certification of car scrapping”, the concession in the motor car tax shall be upto twenty five {ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a}, for non-transport vehicles and upto fifteen {ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a}, for transport vehicles, the notification issued by the ministry of road transport and highways said.

The ministry has invited tips on the draft rules above the upcoming month, following which the closing notification will be issued.

These concessions will be offered upto eight a long time, for transport vehicles, and upto fifteen a long time, for non-transport vehicles.

Union transport minister Nitin Gadkari unveiled the significantly-awaited Voluntary Automobile-Fleet Modernization Program or “Vehicle Scrapping Policy” which is aimed at making an eco-technique for phasing out of unfit and polluting vehicles, in the Lok Sabha previously this month.

Automobile proprietors scrapping their old vehicles, could get “strong incentives” which includes a twenty five{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} rebate on road-tax for private vehicles, and fifteen{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} for business vehicles, a five{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} discount on obtain of new car versus the scrapping certification, amongst others, Gadkari had said.

The standards for a car to be scrapped is largely based on the health and fitness of vehicles through Automated Conditioning Centres in circumstance of business vehicles and Non-Renewal of Registration in circumstance of private vehicles.

The plan proposes that business vehicles be de-registered following fifteen a long time in circumstance of failure to get the health and fitness certification. As a disincentive measure, increased fees for health and fitness certification and health and fitness take a look at could be applicable for business vehicles fifteen 12 months onwards from the date of initial registration.

The ministry has, above the very last couple of weeks, issued rules that will effectuate the plan which is envisioned to boost car product sales, in addition to tackling the concern of air pollution.

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