15 items used in CNG compressors made duty free

Posted on June 17, 2011. Filed under: Energy crisis, Natural Gas |

JUNE 17, 2011

RECORDER REPORT

Fifteen items used in the manufacturing of CNG compressors would be subject to zero percent customs duty, which includes electric motor, piston pins, rods, rings and water flow switch. Sources told Business Recorder here on Thursday that prior to budget (2011-2012) import of 10 items used in the manufacture of CNG compressors were allowed at zero percent duty.

On the recommendations of the Engineering Development Board (EDB), the existing list is being substituted with 15 new items at the same rate of 0% duty by amending SRO 565(1)/2006.

List of items used in manufacturing of CNG compressors, subjected to zero-percent customs duty included bearings Pakistan Customs Tariff (PCT) Code 8482.4000, 8482.2000; geared pump, 8413.8110, valves, 8481.3000, 8481.4000; forced feed lubricator pump, 8413.8190; pressure and temperature gauges, 9026.2000; electric motor, 8501.5310, 8501.5290; junction box glands, 8536.3000; oil filter assembly, 8414.9090; flexible pressure hoses, 4009, 2190; SS tubes/ pipes, 7304.4100, 7306.9000; aluminium bars 6082.7075, T-6, 7604.2910; connecting rods forged 8.5 kg, 8414.9090; piston pins, rods, rings, 8414.9090; flexible water hose (SS braided), 4009.1190 and water flow switch falling under PCT heading 9026.1000 would be subject to zero percent customs duty. The incentive for CNG compressors industry was announced in budget (2011-2012), sources added.

Copyright Business Recorder, 2011

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