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Green’ tax mooted
Why is it in news?
- The Union Ministry for Road Transport and Highway approved a proposal to levy a ‘green tax’ on old vehicles.
Details:
- The Owners of old vehicles older than 15 years will have to pay the government a ‘green’ tax as a penalty for polluting the environment.
- The levy may differ depending on fuel (petrol/diesel) and type of vehicle.
- The proposal will now go to the States for consultation before it is formally notified.
- It includes 10-25% of road tax on transport vehicles older than eight years at the time of renewal of fitness certificate.
- The policy will come into effect from April 1, 2022.