The Ministry of Finance has proposed to the Government not to charge any ownership fee on private vehicles.
|Ministry of Finance proposes no ownership fee on private vehicles (Photo: SGGP)|
Accordingly, the Ministry of Transport has submitted a proposal to the Government to collect a road maintenance fee from motorized vehicle owners as collection of ownership fee on private vehicles will overlap with road maintenance fee.
Also, the Ministry of Finance proposed reducing registration fee on upto ten-seater automobiles to ten percent at time of first registration and two percent the second time round.
Annual fee on private vehicles not feasible: Experts