A statement from the Chief Minister's Office (CMO) said tax concession of 10 per cent will be given to transport vehicles voluntarily scrapped within eight years of registration at a Registered Vehicle Scrappage Facility (RVSF) and to non-transport vehicles voluntarily scrapped within 15 years of registration.
A 15 per cent tax concession will be given to transport and non-transport vehicles subject to lump sum tax, said the statement issued after a cabinet meeting presided over by Chief Minister Devendra Fadnavis.
Whereas, a 15 per cent annual tax concession will be given to vehicles subject to annual tax for the next eight years from the date of registration in the transport category and for non-transport ones for the next 15 years, it said.
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