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Old 16th August 2016, 14:16   #46
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Default Re: Delhi's 2 litre diesel ban lifted; 1% green cess imposed

Originally Posted by GTO View Post
What a harebrained ban that was - glad that even the courts now agree.

What exactly did the ban achieve? All that time & effort wasted for what?

Have big engine'd diesels been blocked? Nope.

Were the pollution levels reduced? Nope. 2+ liter diesels anyway form a minuscule part of vehicular traffic to make any difference. Now they're back.

Is the customer discouraged? Nope. Big cars have already been the most taxed (excise duty slabs), and every 20+ lakh car out there is overpriced. 1% cess isn't going to make a difference to anyone.

Who's to say that this 1% collection is even going to be used in a manner that benefits society / pollution levels?

And while the big news of the month has been GST & simplification of taxes, here comes an order that adds yet another tax .

Instead, what the country should work toward is enforcing stringent pollution & safety norms. That'll benefit society at large.
I agree with all what you have said @GTO, re the birdbrain decision to ban bigger displacement diesel vehicles & that there should be stringent norms re pollution & safety.

However, disagree a bit on GST & the impact on tax structure due to this judgment. AS far I have an understanding of GST/ VAT structure in few of the biggest economies of the world this could be quite simple to do. However, lot depends on the Bureaucracy/ Babus in India, who I bet will leave no stone unturned to make it complex again, 'cause the complex structure suits them.

Coming back to cars, the auto majors could be in for good liquidity as there would be significant savings on the tax credits on purchase/ acquisition of goods & services. Add to this the potential savings of the admin costs could work favorably for business in short term.

Hopefully, few low volume good cars could become desirable (lower prices) after 01 Apr 17.
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Old 19th August 2016, 12:00   #47
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Default Re: Delhi's 2 litre diesel ban lifted; 1% green cess imposed

The Union Bank of India has been selected by the Central Pollution Control Board for the deposits of the Environment Protection Charge (EPC, 1% of the ex-showroom price) in the Delhi/NCR region.

Dealers are required to deposit the EPC amounts in any branch of the Union Bank of India network, and only after receiving the payment receipt and presenting the same to the transport authorities, will the registration process of such vehicles be completed.

The central pollution watchdog has opened a separate account (a\c name: CPCB-EPC) for this purpose in this bank, appealing to the dealers to deposit the green cess in account no.- 532702010008813. Dealers can deposit the green cess either through demand draft or cash specifying VIN (Vehicle Identification Number). The VIN will help the CPCB to keep a track on each and every diesel vehicle with engine capacity of 2000cc and above being sold in the capital and NCR.
ET Auto

Last edited by RavenAvi : 19th August 2016 at 12:01.
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Old 24th August 2016, 21:26   #48
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Default Re: Delhi's 2 litre diesel ban lifted; 1% green cess imposed

Originally Posted by dZired View Post
The Supreme Court has lifted ban on the registration of diesel cars having engines bigger than 2,000 cc in Delhi and NCR. The ban was imposed in December 2015 in order to curb rising pollution levels in the city. This resulted in huge losses to manufacturers like Toyota and Mercedes-Benz. Automakers like Mahindra had to develop new smaller engines to maintain sales in the country's biggest automotive market.
Slightly OT:
Now that manufacturers are allowed to sell vehicles with engines greater than 2000cc, does this also mean that the "cars older than 10 years" will be allowed to be used in delhi rather than being scrapped?

Any idea if this ban of 10 year old cars will extend to cities like Bangalore and chennai?
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