(AAP)-led Delhi government is considering offering a concession in the Motor Vehicles Tax for the registration of new transport and non-transport vehicles. This concession would be available upon submission of a certificate of deposit for an old vehicle handed over for scrapping at a Registered Vehicles Scrapping Facility (RVSF). A proposal for this initiative has been sent to the Hon’ble Lieutenant Governor for approval.
For non-transport vehicles, the concession includes a 20% reduction in the Motor Vehicles Tax for the registration of new petrol, CNG, or LPG vehicles and a 15% reduction for new diesel vehicles. For transport vehicles, the concession includes a 15% reduction in the Motor Vehicles Tax for the registration of new petrol, CNG, or LPG vehicles and a 10% reduction for new diesel vehicles.
However, in both cases, the total motor vehicle tax concessions shall not exceed 50% of the scrap value. Additionally, the Certificate of Deposit is valid for three years and can be traded electronically.
Delhi Transport Minister Kailash Gahlot said while addressing the media that “this policy is designed to encourage the scrapping of old, polluting vehicles and promote the adoption of newer, cleaner vehicles. By providing tax concessions, we aim to facilitate the transition for vehicle owners to more environmentally friendly options.”
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