ISLAMABAD, Dec 18: The Federal Board of Revenue (FBR) has exempted customs duty in excess of 10 per cent ad valorem on import of raw materials used in the manufacturing of agriculture diesel engine.

The FBR on Tuesday issued a customs notification SRO1228 of 2007 by amending the SRO565 of 2006 allowing the facility retrospectively from June 10, 2007.

The exemptions would be on 21 raw materials of agriculture diesel engines (single cylinder of 12-32 HP), including balancing block, camshaft, connecting rod bearing set, cover sets, cylinder shaft, cylinder block, cylinder head, cylinder head cover, cylinder liner (of 18-32 HP), fly-weight assy, fuel injection pump, fuel injector, gear sets, intake/exhaust valve & spring, main bearing set, oil pump, piston (of 18-32 HP), piston ring set (of 18-32 HP), set of bushing, valve rocker arm assy and water pump.