GUWAHATI: The Assam Cabinet on Tuesday, July 5, approved the Vehicle Scrappage Policy of Assam, 2022; which will bring a big change in the way cars and other vehicles are recycled.
This announcement shall be groundbreaking for the growing scrap metal and recycling industry of the State.
Although much was not revealed immediately, the policy is said to ensure proper dismantling and scrapping operations to ‘End of Life Vehicles’. This will open up space that is being eaten up by such unused vehicles which are either towed by their owners or simply abandoned due to accidental damages.
This policy was introduced to ensure effective implementation of the Registration & Functions of Vehicle Scrapping Facility (RVSF), and to reduce vehicular pollution and phase out unfit and polluting vehicles. The initiative can also be expected to help promote the recycling of vehicle scrap in an eco-friendly manner.
The Cabinet added that the State Government will also launch a One-Time-Settlement scheme for a specified period; so that owners are given tax waivers up to 75 percent against their outstanding or arrear dues (if any) on the voluntary offer of their vehicles to RVSF.