Honda CG 125 price & new excise registration fee- July 2024
The Punjab Excise and Taxation Department has declared new registration fee schedule...
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The Punjab Excise and Taxation Department oversees the registration of vehicles and associated tasks throughout the province, with offices established in various cities to assist with these processes.
The department is tasked with registering both domestic and imported vehicles, creating a detailed record of all vehicles registered in Punjab, which aids in their tracking and management.
Upon completion of the registration process, the department issues both the registration certificate and number plates for the vehicles. It is crucial to retain the vehicle’s registration document, especially if there’s an intent to resell.
A full fee schedule is in place for the registration of new vehicles. A standard registration fee is applied to motorcycles up to 150cc.
For motorcycles exceeding 150cc and other types of vehicles, such as cars, the registration fee is calculated based on the vehicle’s value.
The document details the registration fees for cars within the 1000cc to 2000cc range and beyond. This category includes various models such as Honda City, Honda Civic, Toyota Yaris, Toyota Corolla, KIA Sportage, MG cars, among others.
New Registration Fee for Cars of 1000cc to 2000cc in Punjab For vehicles up to 1000cc, the excise department imposes a new registration fee of 1 percent. For example, a vehicle priced at Rs2.5 million will incur a registration fee of Rs25,000.
For vehicles ranging from 1000cc to 2000cc, the fee is set at 2% of the vehicle’s value.
Vehicles over 2000cc are subject to a registration fee of 3% of their value by the excise department.
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