In a landmark policy decision, the Delhi Government on Wednesday announced a special scheme to offer discounts on Motor Vehicle Tax. Under the scheme, residents will become eligible to claim up to 20% discount on the purchase of new vehicles by scrapping their old vehicles.
The scheme is not only touted to offer much needed relief to consumers amidst inflation but also reduce the load of old polluting vehicles on the road by promoting use of less-polluting vehicles that follow modern standards. The scheme has been approved by Chief Minister Atishi and will be notified soon.
Under the scheme, one would have to obtain a Certificate of Deposit while scrapping their old vehicle at a registered scrapping facility. The same certificate can be submitted during the registration of new commercial and non-commercial vehicles within three years from the date of issue to avail discounts on Motor Vehicle Tax.
The Delhi Government will offer a 20% tax discount on the registration of new non-transport petrol, CNG and LPG vehicles and a 15% discount for diesel vehicles. Similarly, a 15% tax discount will be provided on purchase of commercial petrol, CNG and LPG vehicles and a 10% discount for diesel vehicles.
