V2 is a fully assembled imported unit, Rs. 40,000 tax does not apply on such cars. Get ur bill of entry from dealership which is the document for Rs. 40k waiver. I got my registered in Feb from Rwp Excise office. It cost me around 26,400 ithink. The man at counter asked for advance tax but i refused n asked him to check all the docs carefully as bill of entry was dere. He went through the file again n waived off 40k with an embarrassed smile. So chill, ur 40k r saved.