Govt proposes hike in tax rebate on new vehicles for buyers scrapping old ones

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Times of India 2d ago

Govt proposes hike in tax rebate on new vehicles for buyers scrapping old ones - Times of India

Quick Summary:

The road transport ministry in New Delhi proposed a tax rebate of up to 50% for buyers who submit a scrapping certificate for their BS-I, BS-II, or older vehicles.

This initiative aims to reduce vehicular pollution by encouraging citizens to replace old, polluting vehicles with newer models, providing significant financial incentives.

This discount would be applicable in the case of BS-II vehicles that fall under the medium and heavy private and transport vehicles categories.