New Delhi, October 2 . The people of Delhi have got a big gift before Diwali. Now, you can avail a good discount while buying a new vehicle after scrapping your old vehicles. The scheme of giving discount on Motor Vehicle Tax has been approved by the Delhi Government.
The special thing about this scheme is that after the Certificate of Deposit (COD) is issued, it will be valid for the next three years. The Delhi government will now give exemption on ‘Motor Vehicle Tax’ to the people of Delhi on the purchase of new vehicles on scrapping their old vehicles.
This scheme has been approved by Chief Minister Atishi and it will also be notified very soon. Under this scheme, people will get exemption in Motor Vehicle Tax on depositing the ‘Certificate of Deposit’ (COD) of the old scrapped vehicle in the registered vehicle scrapping facility during the registration of new commercial and non-commercial vehicles.
Under this scheme, there will be a 20 percent discount on motor vehicle tax on registration of new non-transport petrol, CNG, LPG driven vehicles and 15 percent discount for such diesel driven vehicles.
Petrol, CNG, LPG driven vehicles used in transport (commercial) will be given a 15 percent discount on motor vehicle tax and 10 percent discount for such new diesel driven vehicles.
It is worth mentioning that the ‘Certificate of Deposit’ (COD) will be valid for three years after its issuance. After this scheme, people in Delhi will have a lot of convenience in scrapping old vehicles and getting new vehicles. They will also get a good discount.
