The term SKD for semi-knocked-down refers to a kit with a complete, welded car body, usually coated or already painted. To gain some extra tax preferences, the manufacturer needs to further localise the car, i.e. increase the share of parts produced by local manufacturers, such as tires, wheels, seats, headlights, windscreens and glass, batteries, interior plastics, etc., even down to the engine and transmission.
First issue is if the goods in CKD/SKD condition are complete goods or not, when some parts are not there. Second, there are always exemptions for goods imported in CKD condition or as parts. The question arises about the applicability of exemption. Similar problem is there in Central Excise also but here we are dealing only with Customs.
When you buy as SKD or in CKD term the duty on particular product will be lesser. Most companies where the assembly cost is low and import cost is high prefer to buy product in SKD or CKD conditions. Most companies where the assembly cost is low and import cost is high prefer to buy product in SKD.
SKD (Semi Knocked Down ) “Working” finished vehicles, subsequently knocked down into a very limited number of parts. CKD (Completely Knocked Down) Knocked down vehicles, characterised by: a value higher than or equal to 40% of the equivalent CBU; product management by Iveco.
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SKD est le sigle de l’expression anglaise : Semi knocked down. C’est une technique qui consiste pour une entreprise à exporter des produits assemblés partiellement soit à ses licenciés-partenaires, soit à ses filiales industrielles. Le but est d’éviter des droits de douane élevés et conserver la valeur ajoutée technologique chez l’exportateur.
What is SKD? There may be more than one meaning of SKD, so check it out all meanings of SKD one by one. SKD definition / SKD means? The Definition of SKD is given above so check it out related information. What is the meaning of SKD? The meaning of the SKD is also explained earlier.
We’ve got 30 definitions for SKD » What does SKD stand for? What does SKD mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: SKD.