Notification No. 62/2001-Cus dt.7/06/2001

CBU Definition Clarified
G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments, in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 17/2001-Customs, dated the 1st March, 2001, namely:-

In the said notification, in the Table, -

(i) in serial number 314, in column (3), the Explanation after clause (a) shall be numbered as Explanation I and after Explanation I as so numbered, the following Explanation shall be inserted, namely:-

"Explanation II.-For removal of doubts, it is hereby clarified that if the engine and the gear box assemblies are installed in the body assembly of a vehicle, then such vehicle shall be deemed as a Completely Built-up Unit.";
(ii) in serial number 315, in column (3), the Explanation after clause (a) shall be numbered as Explanation I and after Explanation I as so numbered, the following Explanation shall be inserted, namely:-

"Explanation II.-For removal of doubts, it is hereby clarified that if the engine and the gear box assemblies are installed in the body assembly of a vehicle, then such vehicle shall be deemed as a Completely Built-up Unit."

Sd/-
(G.D. Lohani)
Under Secretary to the Government of India

Issued by:
Government of India
Ministry of Finance
(Department of Revenue), New Delhi

F.No. B-10/3/2001-TRU

Note: The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 17/2001-Customs, dated the 1st March, 2001 [G.S.R. 116(E), dated the 1st March, 2001] and was last amended by notification No. 45/2001-Customs, dated the 26th April, 2001 [G.S.R. 299 (E), dated the 26th April, 2001]

(Please see Cus Ntf.No.63/2001 dt.12/6/2001)

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