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 Breaking News

SHC directs to release consignment imported by M/s Raz Textiles on bank guarantee

byM.B. Rana
20/08/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) directed customs officials to release the consignment of petitioner on bank guarantee/ pay order on a constitutional petition filed by M/s Raz Textiles seeking provisional release order for its imported consignments of polyester & viscose.

On 19 August 2020 a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter.

You might also like

Peshawar Enforcement raises Rs2.9b from confiscated gold, silver & foreign currency in FY2025-26

19/06/2026

Petrol price cut by Rs74, diesel by Rs67 as PM announces relief package

19/06/2026

During the hearing, Saima Syed, advocate for the petitioner submitted that petitioner will press instant petition only to the extent that directions may be issued to the respondents to provisional release the subject consignments of the petitioner, which according to learned counsel has been assessed by the respondents as per valuation ruling no 1091 of 2017, which valuation ruling has been challenged by the petitioner before director valuation Karachi.

After the hearing, court observed in its order that “let pre-admission notice be issued to respondents as well as deputy attorney general to be served through first three modes for a date to be fixed after two weeks, when instant petition may be take up along with aforesaid and other connected petitions.

Whereas, comments, if any, shall be filed with advance copy to the learned counsel for the petitioner. In the meanwhile, request of the petitioner for provisional release of the consignments, subject to securing the disputed amount of duty and taxes before the concerned collectorate in the shape of pay order/ bank guarantee, shall be considered in accordance with law and compliance report be furnished before this court on the next date of hearing”.

Earlier, citing chairman FBR, the Collector of Customs MCC Appraisement West and DG Valuation as respondents, petitioner pleaded the court may declare that seizing it imported consignments of polyester & viscose by customs officials is illegal, mala fide and arbitrary and court may direct them to release his consignments immediately according with law.

 

Related Stories

Peshawar Enforcement raises Rs2.9b from confiscated gold, silver & foreign currency in FY2025-26

byCT Report
19/06/2026

PESHAWAR: Collectorate of Customs Enforcement realised Rs2.902 billion during the financial year 2025-26 through the disposal of confiscated gold, silver...

Petrol price cut by Rs74, diesel by Rs67 as PM announces relief package

byCT Report
19/06/2026

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Friday announced a major reduction in petroleum prices, saying the benefits of improved...

Pakistan, Iran eye $10b trade thru greater economic engagement

byCT Report
19/06/2026

ISLAMABAD: Pakistan and Iran have renewed their commitment to strengthening economic ties and increasing bilateral trade to $10 billion through...

SBP reserves rise slightly, Pakistan’s total forex holdings reach $22.742b

byCT Report
19/06/2026

KARACHI: Pakistan’s foreign exchange reserves remained broadly stable during the week ended June 12, 2026, with the State Bank of...

Next Post

M/s Oro Industries moves SHC seeking release of imported stationary items

  • 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.