Vehicle Scrappage Policy: You can get a big discount in road tax from October 1 on buying a new passenger and commercial vehicle. Under the vehicle scrap policy, the central government has issued a draft notification. According to this draft notification, the buyer of a new vehicle with a vehicle scraping certificate will be given a rebate of up to 25 percent on the motor vehicle tax. Let us know that the Central Government had recently announced a scrap policy in Parliament, which is to be implemented from October 1. The government has asked for suggestions on draft notifications.
For how many days will you get a discount
According to the draft notification, you can get 25 percent discount on purchasing a passenger vehicle with a scraping certificate and 15 percent for purchasing a commercial vehicle. According to the government’s notification, the commercial vehicle will get tax exemption for 8 years. Whereas, on purchasing a personal vehicle, you will get tax rebate for 15 years from the date of registration. The government has sought suggestions from all the people involved in this matter within 30 days. The government said that if someone scrapes a car that is more than 15 years old, they will be issued a vehicle scraping certificate.
Scrapage policy: what is government’s announcement
Fitness Center: After the registration of the vehicle is over, he will inevitably have to take him to the fitness center. The policy also states that if private and commercial vehicles fail in fitness test after 15 or 20 years, registration of vehicles will not be renewed. The vehicle owner will be encouraged to scrap the jagi to get the registration renewed.
Automated Fitness Center: Fees will be charged more for registration renewal, so that people can be encouraged to buy new vehicles instead of old ones. Automated fitness centers will be built across the country to make scraping policy easier. The parts emanating from whatever vehicles will be scraped will be recycled, which will also reduce the cost of components.
How much value will you get? The scrap value will be between 4-6 per cent, which will be given to the vehicle owner for scrap. Under this policy, the government has suggested to give 25 percent exemption on road tax. Auto makers have been asked to give 5 per cent of the boot on purchasing a new car after seeing a scrap certificate.
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