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EO 397 2004 Reducing the rates of import duty on completely-knocked down parts and components for assembly of low engine displacement and hybrid vehicles

Relevant provisions / summary
Recognized that the latest technological development in motor vehicle industry is the introduction of the so-called “hybrid” or partly-electrical vehicles which are deemed more powerful and more fuel efficient. It reduced the rates of import duty on completely-knocked down parts and components for assembly of low engine displacement and hybrid vehicles.
Date: December 31, 2004

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