Mar 05, 2018 11:12 AM IST | Source: CNBC-TV18

Finance ministry gives nod to scrap vehicles older than 15 years

In an interview with CNBC-TV18, Babul Supriyo, MoS, Heavy Industries and Public Enterprises, gave clarity on the scrappage policy that has been sent to the GST Council.

CNBC TV18 @moneycontrolcom

In a booster shot for commercial vehicles, reports indicate that the finance ministry has approved the vehicle scrapping policy which will allow companies to scrap commercial vehicles older than 15 years. The document will now go to Goods and Services Tax (GST) Council which will fix concessions by States and Centres.

In an interview with CNBC-TV18, Babul Supriyo, MoS, Heavy Industries and Public Enterprises, gave clarity on the scrappage policy that has been sent to the GST Council.

For full interview, watch accompanying videos...

tags #Business