Vehicles registered before 2003 to get 75% tax cut if scrapped

Join Date: Jul 2017

Location: Pune

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The authorities authorities of Uttar Pradesh has announced taxation exemptions for conveyance scrapping. Vehicles registered earlier 2003 volition get a 75% taxation cut, portion those registered earlier 2008 volition person a 50% taxation exemption if they are scrapped.

As per the govt. order, diesel vehicles registered successful NCR districts betwixt 2008 and 2013, tin besides avail of the 50% taxation exemption. These benefits volition beryllium valid for 6 months starting September 11, 2024, to March 10, 2025.

Additionally, the authorities volition besides waive penalties for non-payment of dues if the vehicles are scrapped astatine a registered Vehicle Scrapping Facility Centre. It is said that determination are astir 1.5 lakh end-of-life vehicles, which see 25,000 commercialized vehicles that person not cleared their dues.

The determination is aimed astatine reducing aerial contamination successful NCR. The National Green Tribunal (NGT) has already banned diesel vehicles older than 10 years and petrol vehicles older than 15 years from plying successful the region.

Source: ET Auto

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Join Date: May 2022

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Join Date: Mar 2011

Location: Gurgaon

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Cut connected what benignant of Tax - I don't deliberation UP is allowing 75% disconnected connected GST! It has to beryllium RTO which varies betwixt 8-12% present oregon is Zero connected Hybrids/ Electricals.

75% of 10% of the conveyance costs is little than 8% of the wide conveyance costs!

Join Date: Feb 2012

Location: Mumbai

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Isn't that bully worth for a 20+ twelvemonth aged vehicle? Plus immoderate is the scrap worth AND past dues. Makes up for the outgo of the conveyance rather good - I deliberation this is simply a lucrative capable plan. The contented is that replacement outgo of vehicles has go excessively precocious - and leads to important inertia to alteration vehicles. More truthful adjacent for commercialized vehicles.

Join Date: Mar 2011

Location: Gurgaon

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For NCR residents including parts of UP, we cannot thrust immoderate vehicles beyond 10 Years. So, not definite if radical are holding their cars. For different places, arsenic you person mentioned, volition alteration mostly upon the worth of the Car you are buying. I don't deliberation we volition get thing meaningful oregon astatine all, alternatively whitethorn person to wage to get the certificate arsenic with thing else

Here's what I got from Chandigarh a fewer months back, wherever we person had this argumentation for a portion (25% savings positive immoderate shaper rebate- not definite wholly astir that)

Last edited by Turbanator : 1st October 2024 astatine 12:14.