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

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..... se 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 4th March 2011, regarding your interpretation on the definition of CKD introduced in the Union Budget 2011-12. 2. In this context, it is to clarify that the definition introduced w.e.f. 01.03.2011 has two indepe .....

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..... 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% only as applicable prior to budget changes also. 4. In view of the above, it is to .....

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