OveruseApril 29, 2021 19:13:06 IST
The Ministry of Roads and Motorways has proposed a new vehicle registration kit to replace the state code with the India Universal Code for Personal Vehicles. This is done to put an end to the complex re-registration process that vehicle owners have to go through in order to register their vehicle when moving to another state. In the pilot project, this arrangement will initially be available to defense personnel, central government, state governments, central government / state power sources and employees of private sector companies / organizations with offices in at least five states / Union.
This option can be chosen on a voluntary basis and can be chosen for new and existing vehicles. The registration processes in different countries remain the same.
Vehicles registered under this scheme are subject to a general motor vehicle tax, which is levied for two years or in multiples of two years.
A uniform road tax rate of 8% has been proposed for vehicles with a value of less than 10 million lakhs, 10% for vehicles with a value of between 10 and 20 lakhs and 12% for vehicles with a value of more than Rs 20. Diesel engines can be subject to an additional tax of 2 percent, while electric cars can be charged two percent.
The proposal has been sent to the state governments for review, after which the final resolution will be adopted. The purpose of this is to eliminate the complicated re-registration process when moving to a new state.
Currently, owners must register their vehicle in the new state within 12 months of the change. This involves obtaining an NOC from the state where the vehicle was originally registered, a new registration number must be provided in the new state, and you will then receive a refund from the previous state.