Vehicle Scrapping Policy 2021: Govt announces incentives and disincentives
Zee News
A fee waiver for the issuance of a certificate of registration for a new vehicle purchased under the authority of a Certificate of Deposit (CoD) issued by a Registered Car Scrapping Facility for a vehicle being scrapped will be offered as an incentive.
The Vehicle Scrapping Policy proposes a system of incentives and disincentives to encourage vehicle owners to get rid of old and polluting automobiles that cost more to maintain and consume more fuel.
In this regard, the Ministry of Road Transport and Highways has published a GSR Notification in the Indian Gazette, which will take effect on April 1, 2022.
A fee waiver for the issuance of a certificate of registration for a new vehicle purchased under the authority of a Certificate of Deposit (CoD) issued by a Registered Car Scrapping Facility for a vehicle being scrapped will be offered as an incentive.
