Delhi Government Introduces Tax Rebate for Scrapping Old Vehicles

The Delhi government is offering a 10-20 per cent tax rebate on new vehicle purchases for those who scrap their old vehicles. Chief Minister Atishi approved the scheme to promote the removal of polluting vehicles and the adoption of less-polluting ones. The scheme requires a certificate of deposit from a registered facility.

The Delhi government has announced a 10-20 per cent tax rebate for buyers of new vehicles who choose to scrap their old ones, aiming to promote cleaner transportation options.

Approved by Chief Minister Atishi, the scheme incentivizes vehicle scrapping with rebates on motor-vehicle taxes if new vehicles are purchased within three years.

The rebate percentages vary: 20 per cent for non-commercial CNG and petrol vehicles, 15 per cent for commercial CNG and petrol vehicles, and 10 per cent for diesel vehicles. A certificate of deposit from a registered facility is required to avail of the rebate.

(With inputs from agencies.)