In a recent development, the Punjab Excise and Taxation Department has released a new registration fee schedule for various vehicles, including the widely popular Honda CG 125 motorcycle. This announcement follows the provincial government’s approval of the 2024-25 Budget.
Starting today, all citizens purchasing motorcycles, including the Honda CG 125, must register their vehicles with the Excise Department to avoid legal issues and traffic fines.
Honda CG 125
The 2024 Honda CG 125 model features a sleek design that enhances its aerodynamic performance, ensuring a swift and smooth ride. It is equipped with a 4-Stroke OHV Air Cooled engine with a kick start option and a Telescopic Fork front suspension, making it a top choice among motorcycle enthusiasts.
New Registration Fee Structure
The Punjab Assembly has approved the 2024-25 fiscal year budget, introducing new tax measures and adjusting the registration fees for motorcycles and cars. According to the new fee schedule, the registration fee for motorcycles and scooters, including the Honda CG 125, is set at Rs1,500. Additionally, there will be a 10% annual fee for registration transfers within the first 10 years.
This new registration fee structure aims to streamline the registration process and ensure all motorcycles are properly documented with the Excise Department.
Compliance is Key
It is crucial for all motorcycle owners to comply with the new registration requirements to avoid any legal issues or fines. The Excise Department has emphasized the importance of timely registration to ensure a smooth and hassle-free experience for all citizens.
