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

M/s Myco Corporation moves SHC for refund of regulatory duty paid under SRO 1035/2017

byM.B. Rana
05/03/2021
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: A two-member bench of the Sindh High Court (SHC) directed customs officials to filed their respective para wise comments on a constitutional petition filed by M/s Myco Corporation for refund of amount paid by the petitioner on the import of 15 consignments on account of regulatory duty under SRO 1035/2017.

On 4 March 2021, during the hearing, counsel for the petitioner stated that during the period from November 24, 2017 to May 14, 2018 the petitioner firm imported 15 consignments of tyres and tubes through MCC West, Karachi and got cleared the same after payment of customs duty and taxes.

You might also like

PTBA raises legal concerns over fixed tax scheme for small shopkeepers

11/06/2026

LHC rejects plea to suspend agricultural tax notifications

11/06/2026

He submitted that petitioner being a law-abiding citizen also paid 20% to 35% regulatory duty in view of SRO 1035/2017 dated Oct 16, 2017 against those consignments, however, dated Feb 07, 2018 this court declared that said SRO to be ultra vires, of no legal effect and quashed the same and directed to refund the full amount of regulatory duty paid by the petitioners.

Against the above orders the respondent filed civil appeal before the supreme court but subsequently made a statement that on account of subsequent developments and amendments in the relevant provisions of law, the present matters have been rendered infructuous and the civil appeals were withdrawn.

Counsel argues that petitioner approached the customs department for refund of the regulatory duty which was charged from the petitioner at the time of import of 15 consignments imported by the petitioner, however, no reply of the said letters was given by the concerned authorities.

Citing chairman FBR, collector of Customs Appraisement West as respondents, petitioner pleaded the court may direct them to refund the regulatory duty paid by the petitioner pursuant to SRO 1035/2017 and grant any other relief deemed fit in the circumstance of the case.

Tags: Mayo CorporationSindh High Court

Related Stories

PTBA raises legal concerns over fixed tax scheme for small shopkeepers

byCT Report
11/06/2026

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has expressed serious legal and procedural concerns regarding the Fixed Tax Scheme (FTS)...

LHC rejects plea to suspend agricultural tax notifications

byCT Report
11/06/2026

LAHORE: The Lahore High Court on Wednesday turned down a request to suspend the impugned notifications about agricultural tax and...

Pakistan Customs notifies new off-dock terminal at Hawksbay, Karachi

byCT Report
11/06/2026

KARACHI: Pakistan Customs has formally notified a new off-dock terminal at Hawksbay, Karachi, marking a significant development in the country's...

Pakistan raises deposit protection limit to Rs1m for bank account holders

byCT Report
11/06/2026

KARACHI: The Deposit Protection Corporation, a subsidiary of the State Bank of Pakistan, has announced a major enhancement in financial...

Next Post

ECC likely to approve Rs114b subsidy for Power Division

  • 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.