PANAJI: In a bid to nudge vehicle owners towards discarding their old and polluting vehicles, the Centre, as part of the vehicle scrappage policy, will offer up to 25 percent concession on road tax on submitting the scrapping certificate.
The tax rebate would be provided by the respective states and union territories.
In line with the above, the Ministry of Road Transport & Highways has issued a GSR Notification 720(E) dated 05.10.2021, in the Gazette of India, which shall come into force from the 1st day of April, 2022.
As an incentive for scrapping, concession is stipulated in the motor vehicle tax for a vehicle registered against submission of “Certificate of Deposit”, which is issued by a Registered Vehicle Scrapping Facility. This concession is as below:u
(Uppto twenty five per cent, in case of non-transport (personal) vehicles, and upto fifteen per cent, in case of transport (commercial) vehicles,” the offical gadget states
The concession shall be available upto eight years, in case of transport vehicles, and upto fifteen years, in case of non-transport vehicles.