After completion of the fourteenth year, the motor vehicle tax shall be levied annually which shall be half of the amount which was charged earlier.
The Ministry of Road Transport and Highways on Saturday introduced a new registration mark for new vehicles under the 'Bharat series' (BH-series) to facilitate seamless transfer of personal vehicles. A vehicle with a BH mark will not require a new registration mark when the owner shifts from one State to another.
However, this scheme notified by the government is voluntary. That is, it has not been made mandatory. This vehicle registration facility will be available on a voluntary basis to Defense personnel, employees of Central Government/ State Government/ Central/ State Public Sector Undertakings, and private sector companies which have their offices in four or more States or Union territories.
Under section 47 of the Motor Vehicles Act, 1988, a person is allowed to keep the vehicle for not more than 12 months in any state other than the state where the vehicle is registered. A new registration with the new state-registering authority has to be made within the stipulated time of 12 months. The BH series has been introduced so that the transfer of private vehicles can be done very easily and without any hassle.
1. New registration mark beneficial to those prone to frequent transfers
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The new registration mark will be very beneficial for those people who are more prone to frequent transfers and have to take their vehicles to other states. For BH series (Bharat series) vehicles, re-registration will not be required on moving to another state. Vehicle owners will have the option of BH series.
(Image Source: Reuters)
2. For new registration mark no need to visit RTO
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As per new norms, you will not even have to go to the Regional Transport Office (RTO). This entire process has been kept online. The motor vehicle tax will be levied for two years or in multiple of two. This scheme will facilitate the free movement of personal vehicles across States/UTs of India upon relocation to a new State/UT.
(Image Source: File Photo)
3. After 14 years motor vehicle tax to be levied annually
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After completion of the fourteenth year, the motor vehicle tax shall be levied annually which shall be half of the amount which was charged earlier for that vehicle.
(Image Source: Pixabay)
4. Transfer of vehicles made easy
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At present, 15 years of road tax has to be paid during the registration of private vehicles. At the same time, on moving to other states, they have to pay road tax again for 10 or 12 years, as well as go through the process of registration again. After which they need to claim the amount paid in the first state in which the vehicle was registered earlier.
(Image Source: File Photo)
5. New vehicles to have separate registration mark
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Road tax slab varies from state to state, but now in BH series - 8% for vehicles up to 10 lakhs, 10% for 10 to 20 lakh vehicles, for vehicles above 20 lakhs 12% tax has been fixed. 2% additional duty for diesel vehicles and 2% less tax will be levied on electric vehicles. After the completion of fourteen years, the motor vehicle will be taxed annually, which will be half of the amount collected earlier.
(Image Source: Pixabay)
