SC says no registration of BS-IV vehicles till it decides on the matter
The Supreme Court on Friday ordered that no BS-IV vehicles will be registered with the authorities concerned till it decides on the matter connected with the sale of vehicles during the nationwide lockdown.
The Supreme Court on Friday ordered that no BS-IV vehicles will be registered with the authorities concerned till it decides on the matter connected with the sale of vehicles during the nationwide lockdown.
During a brief hearing on Friday, a bench headed by Justice Arun Mishra said that no BS-IV vehicle will be registered by the authorities till the court decides on the matter. The bench has now posted the matter for further hearing on August 13.
After the apex court order, hundreds of BS-IV vehicles will not be registered, as it restrained transport authorities across the country from completing the process. The apex court had noted that many vehicles appeared to have been sold during the lockdown, flouting its order on just 10 per cent sale of inventory.
See Zee Business Live TV streaming below:
On July 8, the apex court had recalled its March 27 order, where it had allowed the sale of BS-IV compliant vehicles for 10 days, barring in Delhi-NCR, after the lifting of the nationwide lockdown, which was announced by the Prime Minister due to the outbreak of coronavirus.
In its March order, the top court had allowed some relief to the auto dealers, permitting the sale of 10 per cent unsold BS-IV inventory. The apex court on July 8 had said that it will not allow registration of BS-IV vehicles after March 31.
A bench headed by Justice Arun Mishra had said that it would be a violation of court order if it allowed sale of vehicles after opening of the lockdown. "No BS-IV vehicle will be registered if sold after March 31, 2020," the top court had noted.
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
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
09:15 AM IST