There is no legal limit on the number of vehicle scrappage Certificates of Deposit (CDs) you can sell. However, DigiELV sets trading limits based on your account type. Individual accounts can make one trade per financial year, while GST registered accounts can make up to two trades in their lifetime.
Each CD is issued against a vehicle scrapped through a Registered Vehicle Scrapping Facility (RVSF). If you hold multiple CDs, your account type determines how many you can trade and when you can sell them.
You can sell a CD to another eligible buyer or retain it for your own new vehicle purchase. Before listing it, check your remaining trading allowance, the certificate's validity and the applicable transaction charges.
The Registered Vehicle Scrapping Facility Rules provide for electronic trading of CDs without setting a numerical limit on how many an individual can sell. DigiELV applies separate trading limits according to the account type.
DigiELV'strading FAQ specifies different limits for individual and GST registered accounts. These limits apply to trades rather than the number of certificates you own.
Individual account: One trade per financial year.
GST registered account: Up to two trades in a lifetime.
Second CD: An individual who has used the annual trading allowance must wait until the next financial year to make another trade.
The Indian financial year runs from 1 April to 31 March. For example, if you sell one CD in February, your next annual trading allowance becomes available in April, subject to DigiELV's applicable account rules.
Business accounts can buy and sell CDs without a specified trading frequency limit. However, a separate restriction applies to the number of CDs they can hold simultaneously.
Dealers and fleet operators that trade CDs regularly should confirm the applicable holding limit with DigiELV before purchasing certificates in bulk. Individuals intending to trade as a business must register the appropriate business account.
A person holding a valid, transferable CD can sell it through DigiELV, provided their account meets the platform's verification requirements. This includes the original holder and subsequent holders who acquired the certificate through a valid transfer.
Sellers must complete the platform's identity verification process and ensure that their details match the relevant records. Where the information does not match, additional documentation or manual registration may be necessary.
The following conditions apply:
Original holder: The person named on the original Certificate of Deposit in Form 2C can sell it.
Subsequent holder: A person who receives the CD through a Transfer Certificate of Deposit in Form 2D can sell it again, subject to the applicable rules.
Government owned or impounded vehicles: CDs issued against these vehicles carry no incentives under the applicable 2024 amendment.
Certificates nearing expiry: DigiELV restricts trading during the final 15 days of a CD's validity.
Before listing a certificate, confirm that it remains valid and that your account is eligible to complete the transaction.
Individuals, dealers and eligible businesses can purchase CDs through DigiELV using a verified account. Buyers must deposit the required bid amount before participating in the bidding process.
An individual purchasing a CD for personal use can apply its benefits when registering an eligible new vehicle. Dealers and businesses can participate according to the permissions and requirements applicable to their accounts.
Before purchasing, check the certificate's remaining validity, current ownership and applicable charges. The date of issue determines how much of the two-year validity period remains, while the latest Form 2D identifies the current holder.
Use theCD verification steps to check the certificate before committing to a purchase.
Road tax concessions depend on the relevant state or union territory's rules. A CD does not guarantee the same concession across India, and the buyer must satisfy the conditions applicable to the new vehicle's registration.
Selling a CD involves three main considerations: validity, transaction charges and the transfer of ownership. The certificate must remain eligible for trading, and the seller should account for applicable fees before confirming the transaction.
A Certificate of Deposit is valid for two years from its date of issue under the 2022 amendment to the Registered Vehicle Scrapping Facility Rules. Reselling it does not extend or restart this period.
DigiELV also restricts trading during the final 15 days before expiry. Check the issue date before listing the certificate to ensure there is sufficient time to complete the sale.
These requirements are separate from the incentives available under India'svehicle scrappage policy. Carmaker discounts and state level road tax concessions may have their own eligibility conditions and deadlines. A CD can remain valid even when a particular discount is no longer available.
Transaction charges depend on the account type, certificate category and nature of the trade. DigiELV's published terms specify the following charges and payment conditions:
First sale: A fee of 3% of the trade value, plus applicable GST.
Resale: No seller fee, according to the platform's published trading terms.
Organisational sellers: Applicable GST charges must be accounted for when the trade is completed.
Payment: Sale proceeds are credited to the registered bank account, generally within 24 to 48 hours after the trade.
Certain vehicle categories may also attract a buyer transaction charge of ₹550 plus GST, while some categories carry no such charge for individual buyers. Check the current fee schedule before confirming the transaction.
Once the trade is completed, the buyer receives a Transfer Certificate of Deposit in Form 2D, and the CD is transferred out of the seller's account.
When the buyer subsequently uses the certificate to register a new vehicle, the Regional Transport Office (RTO) or dealer marks it as cancelled in the VAHAN database. This prevents the same certificate from being used again to claim the associated benefits.
Keep the transaction confirmation and transfer records in case the RTO or another relevant authority requests supporting documentation.
DigiELV offers Bilateral and Instant Sell options for trading CDs. The right route depends on whether you want to negotiate the selling price or accept the displayed market price.
Bilateral trading allows you to list your CD at a chosen price and receive counter bids from prospective buyers. The offer remains open for the specified trading period, with a seven day default expiry under the platform's stated terms.
This route may suit sellers who have enough time to compare offers and negotiate a price. The final sale value depends on buyer interest and the bids received.
Instant Sell allows you to accept the displayed market price and confirm the transaction without waiting for further bids.
This option may suit sellers who prefer a straightforward transaction. Before confirming, review the displayed price, applicable charges and remaining validity.
If you have only one permitted trade available for the financial year, compare the available price and fees before committing to the sale.
There is no legal cap on how many vehicle scrappage CDs you can sell, but DigiELV applies account specific trading limits. Individual accounts can make one trade per financial year, GST registered accounts can make up to two trades in their lifetime, and business accounts can trade without a specified frequency limit, subject to holding restrictions.
Before selling, check your account's remaining trading allowance, the CD's validity and the applicable transaction charges. A CD remains valid for two years from issue, but DigiELV does not allow trading during its final 15 days.
To sell a vehicle scrappage CD online, use theDigiELV CD marketplace and choose Bilateral trading or Instant Sell. Compare the available price and transaction terms before confirming the transfer.
Yes. You can hold and sell multiple CDs, but DigiELV limits individual accounts to one trade per financial year. If you have already used your annual allowance, you must wait until the next financial year to make another trade.
Yes. You can sell an eligible CD to another buyer rather than retain it for your own vehicle purchase. The buyer can use the certificate to claim applicable benefits when registering an eligible new vehicle.
No. An expired CD cannot be traded. DigiELV also restricts trading during the final 15 days before expiry, so you should complete the transaction before this period begins.
An individual account can make one trade per financial year, while a GST registered account can make up to two trades in its lifetime. Business accounts do not have a specified trading frequency limit, although restrictions apply to the number of CDs they can hold simultaneously.
DigiELV's published terms indicate that sale proceeds are credited to the seller's registered bank account within 24 to 48 hours after the trade.
You can sell an eligible vehicle scrappage CD through the DigiELV marketplace. The platform facilitates electronic trading of CDs issued through Registered Vehicle Scrapping Facilities under India's Vehicle Scrappage Policy framework.