New Delhi, Mar 7 There is good news for consumers who are going to junk their old vehicles and buy a new one under the Vehicle Scrapping Poli..
Transport vehicles older than eight years could be taxed at the rate of 10 percent to 25 percent of road tax, at the time of renewal of fitness certificate.
Reddy also asked officials to prepare a report listing the current financial position and why special status is needed for the state.
The Delhi government will move court seeking exemption of the 'green tax' levied on trucks entering the national capital till December 31,as transporters face a shortage of cash in the wake of demonetisation of high value currency notes.
With the decision on diesel vehicle ban in Delhi still pending, the Kerala government is now mulling a green tax to reduce pollution in the state.
Trucks and other commercial vehicles entering Delhi will now have to pay Economic Compensation Charge as the toll contractor of South Delhi Municipal Corporation has agreed to collect the green tax, along with toll tax, from midnight today as per direction of the Supreme Court.
The court said the charge will be collected by toll operators without any deductions and the same will be handed over to the Delhi government on every Friday.
Speaking to CNBC-TV18, Vinod Aggarwal, Chief Executive Officer- Commercial Vehicles, Eicher Motors, says the additional levy of "environmental compensation" will increase prices of the trucks.
Just when the auto industry thought that tax related issues on diesel vehicles were done and dusted with. The matter is back in the limelight with the apex court asking the government to explain why an additional green tax must not be levied on diesel cars. CNBC-Tv18‘s Ronojoy Banerjee reports