The Cabinet on Monday approved the grant of exemption in the motor vehicles tax for the replacement of old trucks and buses (BS-IV or prior emission norms) in the NCR districts of the state, as per the scheme for support to the National Capital Region Planning Board.
A 100% vehicle tax concession will be given on the purchase of new BS-VI or stricter norms, EV, CNG trucks and buses to eligible beneficiaries under the new scheme for trucks and buses.
Furthermore, a 50% motor vehicle tax concession will be granted on purchase of used BS-VI or stricter norms, EV, CNG trucks and buses to eligible beneficiaries under the new scheme for trucks and buses. In both cases, the vehicle tax concession will be valid for a period of 10 years. Besides this, waiver of registration fees will also be granted on the registration of new vehicles purchased.
