Excise and Taxation

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Excise and Taxation

Transfer of vehicle, Adds were posted in all major newspapers by the Government regarding requirement of a new type of Transfer deed with security features. The old transfer deed will be useless. In addition to that

1. This new transfer deed can only be issued to the seller of the vehicle
2. Each deed will have a unique serial number which will be recorded along with date of issuance. The deed will also have an expiry date.

The implication of this new rule will be huge. There are thousands of cars out there which are being driven on open letters and have been sold many times without transfer. In such cases, it will be very difficult to trace the person on whose name the car is registered and request him to go to ETO office for issuance of the deed.

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New transfer deed can only be issued to the seller of the vehicle. Each deed will have a unique serial number which will be recorded along with date of issuance, this procedure is only to avoid the fake transfer, if you are facing any problem like fake transfer as well as fake document, you can immediately contact with lawyer.

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