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GREEN TAX FOR PERSONAL VEHICLES OLDER THAN 15 YEARS

GREEN TAX FOR PERSONAL VEHICLES OLDER THAN 15 YEARS

The Centre decided to impose additional taxes on old vehicles that are unfit for roads as 'green taxes'.

Details

This additional tax is being called the “Green Tax”.Green tax is also called the pollution tax or environmental tax which is an excise duty on goods that results into the environmental pollutants.

How will the vehicles be taxed?

  • The transport vehicles older than 8 years will be charged with the green tax at the rate of 10 to 25% of road tax at the time of renewal of fitness certificate.
  • Public transport vehicles like city buses will pay a lower Green Tax.
  • Public transport vehicles, such as city buses, will be paying lower Green Tax, the ministry noted adding, meanwhile, vehicles used in farming, such as tractor, harvester, tiller, etc to be exempted entirely.
  • The Minister also approved the policy of deregistration and scrapping of vehicles owned by the Government department and PSU, which plied on the road for 15 years or more. It is to be notified, and will come into effect from April 1, 2022.

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