BOI fined HARI P1 billion for the violation, aside from its suspension. Affected units are Eon and their commercial H350...

BOI cancels Hyundai PH MVDP registration | Malaya Business Insight

He said the BOI was not satisfied with HARI’s explanation. A team from the BOI inspected HARI’s shipments and its findings led to the suspension of its registration.

As opposed to a CKD kit which needs further assembly, an SKD simply needs wheels and battery and is almost a completely built up unit.

CBUs are with 20 percent tariff while a CKD e pays only 1 percent in duty.

In the case of HARI, Lopez said its SKD imports came in complete with vehicle identification numbers.
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