The Ministry of Road Transport and Highways have proposed a new rule that will introduce a new series of registration for vehicles. The new ‘IN’ series will be a pilot program and is aimed to ease the transfer of registrations of a vehicle from one state to another in case of relocation.

The draft proposal states that the new series will be made available to all defense personnel, central and state government employees, central public sector units (PSU), and regional companies and private sector companies with offices in five or more union states or territories. The new registration is intended to relax processes under Section 47 of the Motor Vehicles Act 1988 requiring an individual to relocate their automobile registration state to the state they moved to, after 12 months of moving.

The format will be as follows

1. XX - Year of registration 2. XX - India series code or IN 3. XX - Two letters ranging from AA to ZZ 4. XXXX - Four digit number from 0001 to 9999
For example, a 2022 manufactured car could have 22 IN AA 0001

The current process is complicated and involves getting a non-objectionable certificate (NOC) from the parent state for the new state and a road tax refund application from the parent state – but only after the road tax for the new state is already paid. To simplify the road taxing process, the new IN series will tax a vehicle for a period of only two years and then a multiple of two years later.

This also means that the initial road tax on a new car with the IN series will be significantly lower at the time of purchase. This will lower the price of a new car. Normally, road tax on traditional state registration in India is charged for 15 years, which means that the buyer will have to pay road tax for two years instead of 15 at the time of purchase.

However, since vehicle registration is a state subject, this new registration appears to be a more centralized process.

Interested in other car brands? Click on Car Brands in India

Buy Cars Online is India’s first multi-brand online showroom and the best online car selling portal which provides amazing discounts and offers on the cars.

You can use our car recommender tool to understand your needs. To understand the best car for yourself, use our Car Recommender tool.

Use Buy Cars Online android App for a better experience. You can download the app from Google Play Store. Buy Cars Online has been recently awarded for Top 20 most promising automobile portals in India by SiliconIndia. Read the magazine by clicking on 20 Most Promising Automobile Portals – 2018.
To read the complete article click on Buy Cars Online.

#INRegistration #BuyNewCar #Newcar #BuyCarOnline #BestCarDeals #BuyNewCarOnline #NewCarPurchase #NewCarDeals #BuyACar #BuyCarsOnline #BestPriceOnCar