The world is facing a lot of environmental issues, like global warming, changes in climate, melting of polar ice caps, and many more. As human beings living here, it is our duty to try everything, small or big, to make sure that such issues can be controlled and save our planet.
The government of India, keeping these issues in mind, introduced the Vehicle Scrapping Policy 2021 to slowly eliminate vehicles that are unfair and produce smog.
The main motive of this policy is to replace old and unfit automobiles, both private and commercial, that are more than 15 years old. The policy also provides certificates to individuals who properly scrap their vehicles, which comes with a lot of benefits.
Today, we will discuss the benefits of having a vehicle scrap certificate in India.
Benefits of Scrapping Certificate
Here are some of the best perks of having this certification in India.
- Legal Compliance: This is the main advantage of getting this credential. It is important to follow the rules set by local and national authorities. A vehicle scrap certificate is an assurance that your car has been dismantled legally. This documentation is vital to avoid any issues that could arise from wrong disposal.
- Prevention Of Frauds: This certificate plays an important role in preventing fraud and illegal activities. When a vehicle is scrapped, and a credential is issued, it guarantees the car has been destroyed and cannot be legally resold or used for criminal intents. It acts as a safeguard, ensuring that your old car does not end up in the wrong hands.
- Financial Incentives: Governments and local authorities offer financial benefits or refunds for old scrap vehicles. These are part of the many efforts to reduce pollution and promote the use of more environmentally friendly cars. A vehicle scrap certificate is usually needed to claim financial benefits. As this provides proof of legal and environmentally responsible disposal, allowing you to take advantage of economic incentives on the cost of a new one.
- Accurate Insurance Cancellations: Maintaining insurance on a vehicle that is not in use can be a financial burden. It is important to have this credential to cancel the car insurance policy. With this, you can provide your insurance company with proof that the vehicle was discarded and is no longer working. This will help you avoid unnecessary premiums and confirm that your records are updated.
Conclusion
It should be clear how beneficial it is to have a vehicle scrap certificate. Not only are you trying to help protect the environment, but also saving money. Also, make sure to collect the certificate of deposit when you send your car for scrapping, as it is also a very important document.
