<p>The <a href="https://www.mid-day.com/news/india-news/article/delhi-chief-minister-atishi-aap-mlas-inspect-condition-of-roads-in-national-capital-23402508" target="_blank" rel="none noopener"><strong>Delhi government</strong></a> will provide a 10-20 per cent tax rebate to buyers of new vehicles who opt to scrap their old ones, according to a statement issued on Wednesday.</p>
<p>Chief Minister Atishi has approved the incentive scheme to promote scrapping of old vehicles and it will be notified soon, the statement said.</p>
<p>"The government will incentivise those who opt for the scrapping of their old vehicles, through rebate in motor-vehicle tax on buying new vehicles within three years," said the Delhi government statement.</p>
<p>The tax rebate will be 20 per cent on the purchase of non-commercial CNG and petrol vehicles, 15 per cent on the purchase of commercial CNG and petrol vehicles, and 10 per cent on diesel vehicles, it said.</p>
<p>The policy is aimed at removing old and polluting vehicles on the road by promoting the use of less-polluting ones having upgraded emission standards, it said.</p>
<p>Under the scheme, one would have to obtain a certificate of deposit on scrapping their old vehicle at a registered facility. The certificate will have to be submitted at the time of registration of the new vehicle within three years, to avail the <a href="https://www.mid-day.com/search/taxation-articles" target="_blank" rel="none noopener"><strong>tax</strong></a> rebate, it added.&nbsp;</p>
<p><span style="font-size: x-small;"><em>This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever</em></span></p><p>
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The Delhi government will provide a 10-20 per cent tax rebate to buyers of new vehicles who opt to scrap their old ones

Delhi CM okays incentive scheme to promote scrapping of old vehicles

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The policy is aimed at removing old and polluting vehicles on the road by promoting the use of less-polluting ones having upgraded emission standards

Delhi CM okays incentive scheme to promote scrapping of old vehicles

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Home / News / India News / Article / Delhi CM okays incentive scheme to promote scrapping of old vehicles

Delhi CM okays incentive scheme to promote scrapping of old vehicles

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