Source: The Hindu Business Line, May 21, 2019
New Delhi: Owners of cars or other vehicles relocating from one State to another will be spared the tedium of re-registering their vehicles and changing the vehicle number plates, if a planned move of the Road Ministry takes off. The proposed policy is still in the idea stage and was discussed at the Group of Transport Ministers meeting a few months ago, according to an official.
To get around this, the Road Transport Ministry had written to all the State governments with a suggestion to introduce a common tax regime across States based on the price of cars. Currently, car buyers tend to flock to States that offer lower tax rates, which make for cheaper cars. If implemented, this will enable number portability of vehicles across regions.
Another line of thought in the government is to allow seamless transfer of relatively older vehicles – those that have completed a few years. This means relatively older vehicles will not require a re-registration and related paperwork when used in a different State. This would, to some extent, separate the genuine buyers from those looking to “manage addresses” in their hunt for a cheaper vehicle. Read the rest of this entry »