Exclusive: Centre bans sale of BS IV Vehicles from tomorrow, issues orders to state governments
Government has issued orders to state governments banning the sale of BS IV Vehicles from tomorrow, April 1 2020. Govt has also asked state governments to strictly comply with Supreme Court's March 27 order to allow selling of 10 per cent BS IV inventory
Government has issued orders to state governments banning the sale of BS IV Vehicles from tomorrow, April 1 2020. Govt has also asked state governments to strictly comply with Supreme Court's March 27 order to allow selling of 10 per cent BS IV inventory.
Ministry of Road transport and Highways (MoRTH) today directed states to stop registration of all BS-IV vehicles with effect from 1 April.
See the Notification Here:
#BREAKING
Exclusive: Government issues orders to state governments banning sale of BS IV Vehicles from tomorrow, April 1 2020. Govt also asks state governments to strictly comply with Supreme Court's March 27 ( Attached below ) order to allow selling of 10% BS IV Inventory. pic.twitter.com/xXVO4a0RQX— Chetan Bhutani (@BhutaniChetan) March 31, 2020
The decision has been taken in compliance with the Supreme Court order that had directed Centre to ban all vehicles confirming to the Bharat Stage -IV or BS-IV emission norms.
The Supreme Court's order came on 24 October 2018 in MC Mehta vs Union of India case.
On Friday, the Supreme Court allowed sale of only 10% of the Bharat Stage 4 (BS IV) compliant vehicles stock, that is set to be phased out. It was after the auto dealers had approached the top court to extend the deadline for transition to the Bharat Stage 6 (BS VI) emission norms from 1 April owing to the outbreak of Covid-19 which impacted automobile sales significantly.
The court further directed the auto dealers to sell 10% of the BS IV inventory within 10 days of the end of the lockdown, except in Delhi and the National Capital Region.
See Zee Business Live TV Streaming Below:
Registration of vehicles sold before the lockdown will be allowed in April and beyond.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
09:59 PM IST