The Ministry of Road Transport and Highways vide its notification dated 5th October 2021 has published the Central Motor Vehicles (Twenty-fourth Amendment) Rules, 2021 which shall be effective from 1st April 2022.
Through this amendment, a new rule 51A has been inserted which deals with concession in motor vehicle tax.
In case the vehicle is registered against submission of “Certificate of Deposit”, the concession in the motor vehicle tax shall be,-
- upto twenty five per cent., in case of non-transport vehicles; and
- upto fifteen per cent., in case of transport vehicles.
Provided that this concession shall be available upto eight years, in case of transport vehicles, and upto fifteen years, in case of non-transport vehicles and there shall be no concession in the motor vehicle tax in case of transport vehicles, after eight years, and, in case of non-transport vehicles, after fifteen years.
