Get 10-Year Tax Waiver In Delhi By Scrapping Old Commercial Vehicle
The Delhi government has approved the PARIVARTAN scheme, offering tax exemptions and financial incentives to owners who scrap old commercial vehicles for electric or BS-VI compliant models. The initiative aims to reduce pollution by targeting over 2 lakh trucks and buses.
Why it matters
This policy is a significant step toward urban air quality improvement and the transition to green transport in the national capital.
Owners of ageing commercial vehicles in Delhi could receive a motor vehicle tax exemption for up to 10 years if they replace them with eligible electric or BS-VI vehicles under a new scheme approved by the Delhi Cabinet.The Delhi government on Monday approved the implementation of the Centre's PARIVARTAN scheme, aimed at replacing older trucks, buses and goods carriers operating across Delhi-NCR.According to the government, around 2.07 lakh truck and bus owners could be covered by the programme.The benefits offered will depend on the type of old vehicle being replaced and whether the owner purchases a new or used replacement vehicle.Chief Minister Rekha Gupta said, "PARIVARTAN will be a milestone in promoting clean transport and reducing pollution in Delhi."What Owners Of Old Light Goods Vehicles Will GetOwners of BS-IV or older light goods vehicles, or LGVs, will have to scrap their vehicle and purchase a new electric LGV to receive…
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