The cost to transfer ownership of motorcycles and other vehicles has been dramatically raised by the Punjabi government.
According to private TV Excise Department has done away with the per-seat system for collecting token tax, Excise Department says that token tax has to be paid on a horsepower basis.
The change of ownership fee for motorcycles and scooters has been increased from Rs.150 to Rs.500, the change of ownership fee for vehicles up to 1000 cc has been increased from Rs.1200 to Rs.2500, and the change of ownership fee has been increased from Rs.2 thousand to Rs.5 thousand for 1001 to 1800 cc.
Granted, the ownership fee for vehicles with more than 1800 cc horsepower has been increased to Rs 10 thousand.
The interest of the Gulf and Central Asian countries in CPEC, the possibility of investing billions of dollars
The registration fee for vehicles from 1501cc to 2000cc has been reduced by one percent, and the registration fee for vehicles from 1501cc to 2000cc has been reduced from 3% to 2%.
A new wood holding tax has been imposed on the transfer of new registration of vehicles of 2001 cc and above power.
