Vehicles registered before 2003 to get 75% tax cut if scrapped

The tax exemptions will be valid for 6 months starting September 11, 2024, to March 10, 2025.

The state government of Uttar Pradesh has announced tax exemptions for vehicle scrapping. Vehicles registered before 2003 will get a 75% tax cut, while those registered before 2008 will receive a 50% tax exemption if they are scrapped.

As per the govt. order, diesel vehicles registered in NCR districts between 2008 and 2013, can also avail of the 50% tax exemption. These benefits will be valid for 6 months starting September 11, 2024, to March 10, 2025.

Additionally, the government will also waive penalties for non-payment of dues if the vehicles are scrapped at a registered Vehicle Scrapping Facility Centre. It is said that there are nearly 1.5 lakh end-of-life vehicles, which include 25,000 commercial vehicles that have not cleared their dues.

The move is aimed at reducing air pollution in NCR. The National Green Tribunal (NGT) has already banned diesel vehicles older than 10 years and petrol vehicles older than 15 years from plying in the region.

Source: ET Auto