Tax on vehicles under the possession of manufacturers/dealers
S.N. |
Class of Motor Vehicle |
Annual rate of tax |
Exisiting Notification No. |
1 |
2 |
3 |
4 |
1. |
Two wheeled vehicles |
Rs. 4,000 for every 100 vehicles or part thereof |
|
2. |
Three/Four wheeled vehicles |
Rs. 8,000 for every 50 vehicles or part thereof |
Provided that in case of vehicles transferred or sold otherwise than sold with form No. 21 prescribed in Central Motor Ve hicles Rules, 1989 by a dealer, the rate of tax shall be 1/4th of the rates prescribed above.