Transport ministry proposes more sops for scrapping vehicles with BS-II

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Transport ministry proposes more sops for scrapping vehicles with BS-II - Business Standard

Quick Summary:

The Ministry of Road Transport and Highways (MoRTH) in a draft notification issued on January 24 said up to 50 per cent discount would be applicable for all vehicles, both commercial and personal, that are BS-I compliant or were manufactured before the BS norms were introduced.

With an aim to get rid of high-polluting vehicles, the transport ministry has proposed to double the rebate up to 50 per cent in one-time tax on purchase of new vehicles after scrapping those with BS-II and earlier emission standards.

At present, a discount of 25 per cent in Motor Vehicle tax is provided on purchase of a new vehicle after scrapping old personal vehicles, while the rebate is capped at 15 per cent in case of commercial vehicles.