https://www.taxtmi.com/news?id=31530 The draft notification proposes raising the one-time Motor Vehicle tax rebate to 50 percent for purchasers who scrap BS-I, BS-II or earlier emission-standard vehicles, applying the enhanced rebate uniformly to personal and commercial vehicles (including medium and heavy categories). The incentive is to be implemented under the Voluntary Vehicle Modernization Program through Registered Vehicle Scrapping Facilities and Automated Testing Stations to facilitate phased retirement of high-polluting vehicles. en-us Sun, 26 Jan 2025 20:31:03 +0530 Sun, 26 Jan 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31530 The draft notification proposes raising the one-time Motor Vehicle tax rebate to 50 percent for purchasers who scrap BS-I, BS-II or earlier emission-standard vehicles, applying the enhanced rebate uniformly to personal and commercial vehicles (including medium and heavy categories). The incentive is to be implemented under the Voluntary Vehicle Modernization Program through Registered Vehicle Scrapping Facilities and Automated Testing Stations to facilitate phased retirement of high-polluting vehicles. News - Sun, 26 Jan 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=31530