These two certificates are what actually protect you once your vehicle is gone. Confusing them - or not receiving them - is where most scrapping disputes start.
Think of it like a cloakroom token for your vehicle - you hand it over, and CoD proves the facility now has it, not you.
Think of it like a closing certificate - until it's issued, records can technically still show the vehicle as yours.
Your legal liability for a vehicle - challans, road tax, any misuse - ends on the date the Certificate of Deposit is issued, which is the day of collection, not weeks later when scrapping finishes. From that timestamp, the facility gives you a written undertaking (Form 2B) accepting responsibility going forward. This is exactly why we hand you the CoD at the moment of pickup, not by post afterward.
Central rules provide for a concession of up to 25% on motor vehicle tax for non-transport vehicles and up to 15% for transport vehicles, when a new vehicle is registered against a valid Certificate of Deposit. The word is "up to" - motor vehicle tax is a state subject, so what you actually receive depends on what your state has notified. Vehicles built to older emission norms may be eligible for higher concessions.
Yes. The Certificate of Deposit is electronically tradeable, and a transfer certificate is generated for each new holder. This means the CoD itself has value even before you buy a replacement vehicle.
peace of mind
There is no statutory deadline for CVS issuance, so treat any specific promise - ours included - as a service commitment rather than a legal guarantee. In practice, most files close well within 30 business days of collection.
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