TaxTMI 
TaxTMI 
Govt proposes more sops for scrapping vehicles with BS-II, older emission standard
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....ovt proposes more sops for scrapping vehicles with BS-II, older emission standard<BR>PTI News<BR>Dated:- 26-1-2025<BR>PTI<BR>New Delhi, Jan 26 (PTI) 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 ....
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....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. 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, th....
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....at are BS-I compliant or were manufactured before the BS norms were introduced. According to the draft notification, this discount would be applicable in case BS-II vehicles that fall under medium and heavy private and transport vehicles. The BS-I carbon emission norm for vehicles became mandatory in 2000, while the BS-II came into effect from 2002. The transport ministry has launched the Vo....
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....luntary Vehicle Modernization Program or Vehicle Scrapping Policy to create an ecosystem for phasing out unfit polluting vehicles across the country through a network of Registered Vehicle Scrapping Facilities (RVSFs) and Automated Testing Stations (ATSs). Presently, there are 60-plus RVSFs across 17 states/UTs and 75-plus ATSs across 12 states/Union Territories operational in the country with m....
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....any more in the pipeline. PTI BKS HVA<BR> News - Press release - PIB....