Public Transport Planning and Management in Developing Countries

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“K18880” — 2014/11/6 — 12:31 — page 231 — #241

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Public Transport Planning and Management in Developing Countries

them to participate in a program of power sector reforms. The balance of 50% would be

serviced by the STUs.

8.4.3 Motor vehicle tax

In the policy, it has been suggested that MV tax should move towards a rate 5.5% from

the present level of 11%. The financial implication of this is shown in Table 8.9 below:

Table 8.9: Financial Impact of Introducing Standard MV Tax Rate of 5.5 %

(Rs million)

Year Revenue Tax

Collected

Current

MV Tax

Rate

Benchmark

Rate (5.5%)

Loss in

Collection

1 2 3 4 (2-4)

2000-01 15326 1621 0.106 842.93 7780.7

2001-02 16041