New definition of CKD introduced in Union Budget 2011-12- clarification requested-reg.

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..... . Ltd. E-1, MIDC Industrial Area (Phase III), Khabarwadi . Chakan , Pune -410 501. Gentlemen, Subject: New definition of CKD introduced in Union Budget 2011-12- clarification requested-reg. Please refer to your letter dated 4 th March 2011, regarding your interpretation on the definition of CKD introduced in the Union Budget 2011-12. 2. In this context, it is to c .....

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..... unit , or if any of these three components are pre-installed on the chassis or body assembly , the concessional rate of duty will not be available. However, the import of pre-assembled engine or gearbox or transmission mechanism or any other parts or components on standalone basis, i.e. the operations which are not running on CKD kit basis, will continue to attract basic customs duty @ 10% onl .....

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