1 day ago
DigiELV Enables Transfer of Vehicle Scrappage Certificates Without New Purchases
When a person scraps an old vehicle, they receive a digital Certificate of Deposit.
This certificate can help provide benefits when buying an eligible new vehicle.
The owner does not have to buy a new vehicle themselves.
They can list the certificate for sale through V Scrap Parivahan and DigiELV.
Another buyer can search for it and make an offer.
The seller can accept a negotiated offer or use Instant Sell.
The certificate remains valid for three years from its issue date, even after transfer.
The buyer can use the transferred certificate for an eligible new vehicle purchase.
Benefits may include tax concessions, a registration-fee waiver, and a manufacturer discount, depending on applicable rules.
Owners can trade an unused Certificate of Deposit electronically without buying another vehicle.
The process starts on V Scrap Parivahan and continues through DigiELV registration and listing.
Certificates can be sold through negotiated bilateral offers or immediately at the available market price.
Buyers search offers by vehicle category, fund purchases, and receive transferred certificates digitally.
Transferred certificates can provide state-dependent tax concessions, registration-fee waivers, and manufacturer discounts.
- Who
- Owners of scrapped vehicles and buyers seeking Certificates of Deposit.
- What
- DigiELV enables owners to sell and transfer unused Certificates of Deposit electronically.
- Where
- The process begins on the V Scrap Parivahan portal and continues on DigiELV.
- When
- After a vehicle is scrapped and while its Certificate of Deposit remains valid and unused; each certificate is valid for three years from issuance.
- Why
- To allow owners who do not plan another vehicle purchase to sell their certificate and enable buyers to use it for eligible new vehicles.
Key facts
- Certificate validity
- Three years from the date of issuance; transfer does not restart the validity period.
- Seller registration
- Owners begin on V Scrap Parivahan and complete CD Owner Registration on DigiELV.
- Selling methods
- Certificates can be sold through negotiated bilateral offers or Instant Sell at the available market price.
- Buyer process
- Buyers register, add funds, search offers by vehicle category, and create bids.
- Tax concession
- Government rules allow states to offer up to 25% for non-transport vehicles and up to 15% for transport vehicles; some states offer up to 50% for certain older vehicles.
- Registration fee
- GSR 714(E), dated 4 October 2021, waives the registration certificate issue fee when registration is against a Certificate of Deposit.
- Manufacturer discount
- Discounts are stated as up to 2.75% for commercial cargo vehicles above 3.5 tonnes, 1.25% below 3.5 tonnes, and 1.5% or ₹20,000, whichever is lower, for passenger vehicles.
Sources
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