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Scrappage Policy: Registration will be free for the purchase of an old car and a new car! Know what is the government’s scheme

Ever since the government has announced the Vehicle Scrappage Policy, a junk policy for vehicles, a hundred kinds of questions are swirling in the minds of people who have old vehicles. Because from next year when this policy comes into force, maintenance of commercial vehicles older than 15 years will become a bit expensive.

New Delhi: Ever since the government has announced the Vehicle Scrappage Policy, a junk policy for vehicles, a hundred kinds of questions are swirling in the minds of people who have old vehicles. Because from next year when this policy comes into force, maintenance of commercial vehicles older than 15 years will become a bit expensive. But the government can also give an incentive if old vehicles are given in scrap.

Actually, obtaining fitness certificate for old commercial vehicles will be expensive by many times. The cost of renewing registration for old private vehicles will increase by 8 times. Not only this, in addition to road tax on old trains, green tax will also be taken separately.




Will the penalty increase in the new policy?

The Ministry of Road Transport can announce the scrap policy in the next two weeks. If someone wants to renew the registration of his old car, then there is a proposal to increase his charge. There is a provision of fitness fees, green tax in the scrap policy. You will have to pay green tax for keeping an old car. Green tax can be up to 10-25% of road tax. The responsibility of implementing this policy will be on the states, while vehicle re-registration charge will increase up to 10 times.

Fitness certificate for Rs 7500 instead of 2000?
According to sources, the fitness certificate for commercial vehicles, which is currently available for Rs 2000 for a cab, will have to be paid Rs 7500, while trucks will have to pay Rs 12500. Spending such a huge amount on fitness certificate every year is a problem for people.

Will there be an incentive in the new policy?

On the other hand, vehicles older than 20 years will no longer run in the country. The government wants to remove old vehicles from the roads through the vehicle scrap policy. But its second first is also positive. Along with the penalty, people can get incentives in the new scrap policy. According to a report published in CNBC-TV18, sources said that the central government can waive the registration fee for new vehicles to boost scrapage of old vehicles. With this, states can be asked to give rebate on road tax.




Registration for new car free of charge?

The report, published in CNBC-TV18, states that people who will give away their old personal vehicles for scrap. They can be given a waiver in the registration charge on purchasing a new car. Along with the road tax exemption, the government can also ask the original equipment manufacturers (OEMs) to give 1 to 2 percent discount to customers who scrap vehicles. Also, the state governments can be allowed to use green tax revenue to give exemption in road tax.

When will the vehicles go into scrap?
According to the new policy, petrol engine vehicles older than 20 years and diesel engine vehicles older than 15 years, which fail in the test, will be scraped. The government will issue guidelines for setting up scraping centers and automated fitness centers.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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