Reduction in VAT for battery-run vehicles
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18/04/2008
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Asian Age (New Delhi)
The Delhi Cabinet on Thursday approved the proposal to encourage the use of battery-operated vehicles in the city by reducing the rates of value-added tax (VAT) on them. The Cabinet also approve the signing of a memorandum of understanding with Indian National Trust for Art and Cultural Heritage for declaration of Delhi as a world heritage city. Speaking to the reporters, Delhi chief minister Sheila Dikshit stated that her government will allow the citizens to have access to a clean-fuelled vehicle to ensure improvement in the air quality of the city. "The Cabinet has decided to grant 29.5 per cent concessional facilities to purchasers of three- or fourwheel battery-operated vehicles in the city. The concessions such as VAT refund of 12.5 per cent through the air ambience fund, 15 per cent subsidy on the base price of the vehicle also to be refunded to the dealer through the air ambience fund for all indigenously manufactured battery-operated vehicles," said Ms Dikshit.