Budget 2011 fine print: imported engines to cost more, even small cars may become expensive

In reports emerging after experts read the fine print of the Union Budget 2011, seems like the industry is in for a shock. According to a statement in the Union Budget 2011, engines, gearboxes and chassis, which were imported into the country as CKDs or completely knocked down units, attracting a duty of around 10% will now be considered SKDs or semi knocked down units, which attract a