COE Rebate For An OPC / Revised OPC
A. For OPC / Revised OPC Deregistered After 2 Years Of Registration
If an OPC is deregistered before its COE expires, the registered owner may be granted a rebate on the Quota Premium (QP) which he had paid (i.e. less the OPC upfront rebate of up to $17,000), pro-rated to the number of months and days remaining on his vehicle's COE.
The rebate for a vehicle registered using an "Open" Category COE will be based on the net (i.e. less the OPC upfront rebate) QP paid for the "Open" Category or its corresponding category from the same COE tender exercise, whichever is lower.
B. For OPC / Revised OPC Deregistered Within 2 Years Of Registration For Purpose Of Export
The COE rebate will be capped at 80% of the net (i.e. less the OPC upfront rebate) QP paid at registration. If the vehicle was registered using an "Open" Category COE, the COE rebate will also be capped at 80% of the net (i.e. less the OPC upfront rebate) QP paid for the "Open" Category or its corresponding category from the same COE tender exercise, whichever is lower.
