Delhi New Vehicle Tax Rebate: Delhi CM Atishi has approved an incentive scheme that will provide for 10-20 per cent tax rebate on the purchase of new vehicles for buyers who opt to scrap their old ones, according to a statement issued on Wednesday. The scheme, aimed at taking old and polluting vehicles off the roads of Delhi, will be notified soon, the statement added.
"The government will incentivise those who opt for the scrapping of their old vehicles, through rebate in motor-vehicle tax on buying new vehicles within three years," news agency PTI quoted the statement as saying.
DELHI VEHICLE SCRAPPING SCHEME: TAX REBATE
- A tax rebate of 20 per cent will be applicable on the purchase of non-commercial petrol and CNG vehicles if buyers opt to scrap their old vehicles.
- Similarly, a tax rebate of 15 per cent will be applicable on the purchase of commercial CNG and petrol vehicles if buyers go for scrapping of their old vehicles.
- Under the new vehicle scrapping scheme, a tax rebate of 10 per cent will be provided on the purchase of new diesel vehicles.
DELHI NEW VEHICLE TAX REBATE: HOW TO AVAIL?
- The yet-to-be-implemeted incentive scheme will require owners to scrap their old vehicles at registered facilities.
- The scrapping unit will issue a certificate of deposit to the vehicle owner.
- The certificate will have to be submitted by the owner at the time of registration of their new vehicle within three years to avail the tax rebate, according to the statement.
(With inputs from agencies)