Speed Post News Network
New Delhi : The Ministry of Road Transport & Highways ( MoRTH) on October 4, 2021, issued notification on incentives and disincentives pertaining to Vehicle Scrapping Policy.
In the Vehicle Scrapping Policy, it is proposed to have a system of incentives and disincentives to nudge vehicle owners to discard old and polluting vehicles, which have higher maintenance and fuel consumption costs, according to a PIB release.
In this regard, the Ministry of Road Transport and Highwayson October 4, 2021, issued a GSR Notification, 714(E) in the Gazette of India, which shall come into force from April 1, 2022.
Details are as below:
- As an incentive, there will be waiver of the fee for issue of certificate of registration for a new vehicle, purchased against the authority of the Certificate of Deposit (CoD) issued by a Registered Vehicle Scrapping Facility for a vehicle being scrapped.
- As regards disincentives, there will be:
- Increase in the fee for conducting fitness test and renewal of fitness certificate for motor vehicles more than 15 years old,
- Increase in the fitness certification fee for transport vehicles more than 15 years old, and
- Increase in the renewal of registration fee for personal vehicles (non transport vehicles) more than 15 years old.