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IndiaPosted at: Oct 6 2021 10:13PM


Govt offers up to 25 pc concession in motor vehicle tax for discarding old vehicles

New Delhi, Oct 6 (UNI) People will be rewarded for discarding their vehicles with the government offering incentives under new scrappage policy. Personal vehicle owners would get as much as 25 per cent concession in motor vehicle tax for choosing to scrap their vehicles against submission of certificate of deposit.
Road Transport and Highways Ministry has proposed a system of incentives to nudge vehicle owners to get rid of their old and polluting vehicles.
"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," an official release said.
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