https://www.taxtmi.com/circulars?id=3156 Imports of CKD/SKD kits/components SHALL be allowed only against DGFT import licences issued to joint venture automobile manufacturers that sign an MOU with the Government. The MOU mandates establishment of actual manufacturing facilities, staged indigenisation targets leading to cessation of licence requirement once the highest indigenisation level is reached, and an export obligation to neutralise CIF imports with FOB exports of cars and auto components commencing after a moratorium from the deemed production start. Compliance is monitored by annual reports and DGFT licence renewal. en-us Fri, 12 Dec 1997 00:00:00 +0530 Mon, 02 Mar 2009 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3156 Imports of CKD/SKD kits/components SHALL be allowed only against DGFT import licences issued to joint venture automobile manufacturers that sign an MOU with the Government. The MOU mandates establishment of actual manufacturing facilities, staged indigenisation targets leading to cessation of licence requirement once the highest indigenisation level is reached, and an export obligation to neutralise CIF imports with FOB exports of cars and auto components commencing after a moratorium from the deemed production start. Compliance is monitored by annual reports and DGFT licence renewal. Circulars DGFT Fri, 12 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3156