Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

SHC to hear petition filed by M/s Farooq Corporation today

byM.B. Rana
04/01/2017
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: A two-member bench comprising Justice Syed Hassan Azhar Rizvi and Justice Muhammad Faisal Kamal Alam on Wednesday (today) will take up the constitutional petition filed by M/s Farooq Corporation which is allegedly involved in mis-declaration as well as duty and taxes of evasion of Rs 992,340.

It needs to be pertain here that on the last date of hearing, Deputy Collector Tausif Amam Gurchani had filed para-wise comments on behalf of the Customs Department, informing the SHC that petitioner deliberately mis-declared the description and value of the consignment to evade duty and tax to the tune of Rs 992,340 which are recoverable from it.

You might also like

DG Valuation revises import values for polyester yarn amid war crisis vide VR No.2069/2026

21/04/2026

OICCI proposes 5pc cap on withholding tax, calls for reforms

21/04/2026

He had further informed the court that petitioner mis-declared the description and value of the impugned consignment which is liable to confiscations for violation of the provisions of sections 32 (1) & (2) 32 read with section 25A and 79 punishable under clauses (14) and (14A) of section 156 (1) of the Customs Act, 1969.

He had argued that petition was not maintainable, therefore, may be dismissed along with listed application. After reply of the respondents, the court adjourned the hearing and directed the petitioner to file a rejoinder on the next date of hearing.

Earlier, counsel for the petitioner stated that being active importer, the company imported a consignment containing baby trike parts bearing HS Code 9503.0010 from China and filed goods declaration on December 10, 2016 on the basis of  import documents declaring the goods at $0.90/kg having total quantity of 4,590/kg (net weight ), which was selected for examination.

According to the petitioner, after examination, the customs authorities alleged mis-declaration of description of the consignment relates to baby tricycle battery operated (ride on) instead of baby trike parts, hence, the officers concerned discarded the value declared by the petitioner. The officials assessed the goods on the basis of valuation ruling no 871/2016 issued on June 20, 2016, according to which the goods are to be assessed at the rate of $4/kg.

The counsel argued that the difference between the declared description of the items and alleged description is that the declared description only relates to some parts of baby tricycle  (such as battery,  tiers,  handle etc), whereas, baby tricycle battery operated (ride on ) relates to the complete parts of tricycle in unassembled from. It is submitted that there is no charge of mis-declaration of net weight or mis-declaration of PCT Heading.

Citing Sectary Revenue Division, the Collector of Custom Appraisement West Model Custom Collectorate of Custom and the Directorate General of Intelligence and Investigation (Custom Enforcement) Regional Office Karachi as respondents, the petitioner pleaded that the court may direct the respondents to release the consignment of the petitioner on the bank guarantee immediately.

Related Stories

DG Valuation revises import values for polyester yarn amid war crisis vide VR No.2069/2026

byCT Report
21/04/2026

KARACHI: The Directorate General of Customs Valuation, a division of the FBR, issued Valuation Ruling No. 2069/2026 on April 16,...

OICCI proposes 5pc cap on withholding tax, calls for reforms

byCT Report
21/04/2026

KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has proposed capping withholding tax rates at 5%, urging the...

Zong launches Pakistan’s first 5G facilitation Kiosk at Islamabad Airport

byCT Report
21/04/2026

ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has set a new industry benchmark by launching the country’s first dedicated 5G...

LHC allows Rs11.2b cost equalisation adjustment deduction for SNGPL in tax dispute

byCT Report
21/04/2026

LAHORE: The Lahore High Court has ruled that the Cost Equalisation Adjustment claimed by Sui Northern Gas Pipelines Limited qualifies...

Next Post

Plea bargain option

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.