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Detailed Procedure for payment of road tax
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Documents required
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1. Registration certificate. (photocopy + original)
2. Valid insurance papers. (photocopy + original)
3. PUC. (photocopy + original)
4. Local address proof. (photocopy + original)
5. Road tax receipt in home state(If its mentioned in RC then no additional proof is required) (photocopy + original)
6. Original sales invoice (photocopy + original)
7. Form FT (http://www.rtopune.info/forms/form_ft.pdf) which is required for intimation of arrival of vehicle in Maharashtra. (Original)
8. Printout from NCRB(National Crime Records Bureau) website stating the bike is not stolen.
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Steps to generate NCRB form
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1. Go to Welcome to National Crime Records Bureau
2. Click on "Vehicle Enquiry".
3. Select "Verify status of 2nd hand vehicle (Stolen or Not)" in the type of search.
3. Enter the details as mentioned in the RC. Even if there's a spelling mistake in your RC you need to mention exactly the same details as in your RC.
4. Click on search and take printout of the next page. (Disable pop-up blocker if you have it enabled in your system)
The procedure that I'm about to describe is based on my experience in a RTO camp organised in our office. It might be slightly different as it was completed in 2 phases. If you approach RTO directly then it'll be completed in one go.
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Day-1
=====
All the photo-copies mentioned in the above checklist were submitted and we're provided with Form FT which was to be submitted duly filled in on the day of payment of tax. The amount we had to pay was calulated on this day itself. In my case it was Rs 4888/- out of which 4700/- was road tax and 188/- was additional tax. Just out of curiosity I thought of calculating the depreciation rate:
7% of bike's current value=Rs 4700
Bike's current value= 4700*100/7= Rs 67,142/-
Ex-showroom price=Rs 97,500/- (Oct '08 Yamaha YZF-R15)
Depreciation= 97500-67142= Rs 30,358/-
% depreciation= 30358/97500*100= 31.13%
So we can safely assume that for a 5yr and 5month old vehicle depreciation rate is roughly ~30%.
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Day-2
=====
On this day we'd to bring all the original documents for verification along with form FT that was provided on day-1 and NCRB form. After verification and payment of the required amount, roadtax payment receipt was provided.
===============
Important Info:
===============
1. You can ride your bike without any hassle till 30 days from the day you enter Maharastra. Always keep a proof which shows the date of entry into Maharastra.
2. If you've exceeded the 30 days period then you've to pay fine for late payment of roadtax.
3. If your bike is less than a year old then you have to pay additional VAT along with the road tax.
4. If you don't want to pay lifetime road tax then you can go for 6 months road tax for which you need to produce NOC. You can again extend it for another 6 months but after that you've to pay lifetime tax.
5. The current value of the vehicle calculated by RTO officials is significantly higher than the IDV mentioned in insurance certificate.
6. Road tax is calculated @7% of the current value of your vehicle.
7. Whenever you decide to move out from Maharastra you can apply for refund of roadtax. You'll be lucky if you get the refund before you're dead...
==================
Documents required
==================
1. Registration certificate. (photocopy + original)
2. Valid insurance papers. (photocopy + original)
3. PUC. (photocopy + original)
4. Local address proof. (photocopy + original)
5. Road tax receipt in home state(If its mentioned in RC then no additional proof is required) (photocopy + original)
6. Original sales invoice (photocopy + original)
7. Form FT (http://www.rtopune.info/forms/form_ft.pdf) which is required for intimation of arrival of vehicle in Maharashtra. (Original)
8. Printout from NCRB(National Crime Records Bureau) website stating the bike is not stolen.
=============================
Steps to generate NCRB form
============================
1. Go to Welcome to National Crime Records Bureau
2. Click on "Vehicle Enquiry".
3. Select "Verify status of 2nd hand vehicle (Stolen or Not)" in the type of search.
3. Enter the details as mentioned in the RC. Even if there's a spelling mistake in your RC you need to mention exactly the same details as in your RC.
4. Click on search and take printout of the next page. (Disable pop-up blocker if you have it enabled in your system)
The procedure that I'm about to describe is based on my experience in a RTO camp organised in our office. It might be slightly different as it was completed in 2 phases. If you approach RTO directly then it'll be completed in one go.
=====
Day-1
=====
All the photo-copies mentioned in the above checklist were submitted and we're provided with Form FT which was to be submitted duly filled in on the day of payment of tax. The amount we had to pay was calulated on this day itself. In my case it was Rs 4888/- out of which 4700/- was road tax and 188/- was additional tax. Just out of curiosity I thought of calculating the depreciation rate:
7% of bike's current value=Rs 4700
Bike's current value= 4700*100/7= Rs 67,142/-
Ex-showroom price=Rs 97,500/- (Oct '08 Yamaha YZF-R15)
Depreciation= 97500-67142= Rs 30,358/-
% depreciation= 30358/97500*100= 31.13%
So we can safely assume that for a 5yr and 5month old vehicle depreciation rate is roughly ~30%.
=====
Day-2
=====
On this day we'd to bring all the original documents for verification along with form FT that was provided on day-1 and NCRB form. After verification and payment of the required amount, roadtax payment receipt was provided.
===============
Important Info:
===============
1. You can ride your bike without any hassle till 30 days from the day you enter Maharastra. Always keep a proof which shows the date of entry into Maharastra.
2. If you've exceeded the 30 days period then you've to pay fine for late payment of roadtax.
3. If your bike is less than a year old then you have to pay additional VAT along with the road tax.
4. If you don't want to pay lifetime road tax then you can go for 6 months road tax for which you need to produce NOC. You can again extend it for another 6 months but after that you've to pay lifetime tax.
5. The current value of the vehicle calculated by RTO officials is significantly higher than the IDV mentioned in insurance certificate.
6. Road tax is calculated @7% of the current value of your vehicle.
7. Whenever you decide to move out from Maharastra you can apply for refund of roadtax. You'll be lucky if you get the refund before you're dead...
(Trans: I would love to join if I knew)
Eagerly waiting for next weekend....
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