Yes, this is correct. In my first post I typed it as being a "yugo model 98" because that's what is stamped on the receiver although the designation is M98/48 to differentiate it from the M48. Although I can't say for sure where this rifle was made (because the receiver was scrubbed) it is not a CZ rifle. Here are some receiver and bolt pics. You can see some of the original markings on the bottom of the receiver and bolt/bolt handle.