Define: Completely Knocked Down

Completely Knocked Down
Completely Knocked Down
Full Definition Of Completely Knocked Down

Completely Knocked Down (CKD) refers to a method of importing goods, typically automobiles, in a disassembled state. This allows for easier transportation and lower import duties. Once the goods arrive in the destination country, they are reassembled and sold to consumers. CKD is a legal method of importing goods and is subject to specific regulations and requirements set by the importing country’s customs authorities.

Completely Knocked Down FAQ'S

CKD refers to a manufacturing process where a product is disassembled into its individual components or parts before being shipped to another location for assembly.

CKD manufacturing allows for cost savings in transportation and import duties, as well as the ability to customize products for specific markets. It also promotes local assembly and job creation in the destination country.

Yes, importing CKD products may require compliance with customs regulations, import duties, and documentation requirements. It is important to consult with customs authorities and legal experts to ensure compliance.

Yes, CKD products can be protected by intellectual property rights, such as patents, trademarks, or copyrights. Manufacturers should ensure that they have the necessary licenses or permissions to use any protected intellectual property.

Certain countries may have regulations or restrictions on the assembly of CKD products, particularly in industries related to national security or public safety. It is important to be aware of and comply with any such restrictions.

Yes, CKD products can be sold under a different brand name, as long as there are no trademark or copyright infringements. Manufacturers should ensure that they have the necessary rights or permissions to use any brand names or logos.

Yes, CKD products can be subject to product liability claims if they are found to be defective or unsafe. Manufacturers should ensure that their products meet all applicable safety standards and regulations.

Some countries may offer tax incentives or exemptions for CKD manufacturing, particularly to promote local assembly and job creation. It is advisable to consult with tax experts or government authorities to explore any available incentives.

CKD manufacturing should not be used as a means to avoid import restrictions or tariffs unlawfully. Manufacturers should ensure that they comply with all applicable trade laws and regulations in both the exporting and importing countries.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 27th April 2024.

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