India, June 23 -- The council of ministers approved motor vehicle tax exemption for the replacement of old trucks and buses (BS-IV or prior emission norms) in the national capital region (NCR) districts as per scheme for support to National Capital Region Planning Board. An official spokesperson said that 100 % motor vehicle tax concession will be given on the purchase of new BS-VI or stricter norms, EV, CNG trucks and buses to eligible beneficiaries under the new scheme for trucks and buses. The spokesperson said that a 50% motor vehicle tax concession will be granted on the purchase of used BS-VI or stricter norms, EV, CNG trucks and buses to eligible beneficiaries under the new scheme for trucks and buses. In both cases, the motor vehicle tax concession will be valid for a period of 10 years. The spokesperson said the waiver of registration fees will also be granted on the registration of new vehicles purchased under the scheme....