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

In a first Advocate Mian Sajid secures stay order from LHC over valuation ruling process

byCT Report
11/01/2025
in Breaking News, Lahore, Latest News, Slider News
Share on FacebookShare on Twitter

LAHORE: In a significant development, on a petition filed by M/s One Impex, Lahore challenging Valuation Ruling 1939/2024 and represented by renowned lawyer Mian Sajid, Lahore High Court has raised serious concerns over the procedural validity of Valuation Ruling No. 1939/2024 issued by the Directorate General of Customs Valuation, Karachi.

During the hearing, the petitioner argued that the prescribed process of hearing stakeholders before determining the Customs Value was not followed.

You might also like

AJK tax return filing deadline extended to November 30, 2026

26/10/2026

Chinese business delegation vows deeper trade, joint ventures with Pakistan

26/10/2026

Notably, the court observed that the officer responsible for the valuation neither conducted the hearings nor interacted with the stakeholders, rendering the mandatory hearing process an “illusion.”

The petitioner’s counsel pointed out discrepancies in the departmental procedure, stating that while meetings were noted to have occurred on August 28 and September 4, 2024, the officer issuing the ruling had already been transferred by the time the hearings were allegedly conducted. This raised doubts about the transparency and legality of the valuation process.

In its ruling, the Lahore High Court directed the Customs Department to ensure that the petitioner and all stakeholders are provided with a fair opportunity to present their case. The court forwarded the petition to the Director General (Valuation), instructing that it be treated as a review petition under Section 25D of the Customs Act, 1969. Additionally, the implementation of the valuation ruling has been put on hold until the review process is completed.

The court emphasized that the final decision must align with the “values, description, and specification of goods, law, and rules” and must be concluded within 30 days. Meanwhile, the subject goods may be provisionally released, contingent on the submission of guarantees or banking instruments.

This case highlights ongoing challenges in ensuring procedural fairness in customs valuation processes and may have far-reaching implications for the business community relying on transparent trade policies.

Related Stories

AJK tax return filing deadline extended to November 30, 2026

byCT Report
26/10/2026

MIRPUR: Taxpayers in Azad Jammu and Kashmir (AJK) have been given additional time to file their income tax returns for...

Chinese business delegation vows deeper trade, joint ventures with Pakistan

byCT Report
26/10/2026

BEIJING: A high-level Chinese business delegation visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Capital Office in...

Iran denies closing border with Pakistan, blames import documentation changes for LPG trade disruption

byCT Report
26/10/2026

TEHRAN: Iran has denied reports that it has closed its border with Pakistan, saying there are no restrictions on exports...

Govt plans new cosmetics law to curb smuggling

byCT Report
26/10/2026

LAHORE: The Senate Standing Committee on Science and Technology has directed the Pakistan Cosmetics Manufacturers Association (PCMA) to register itself...

Next Post

Roshan Digital Account inflows rise 9pc MoM to $203m in December 2024

  • 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.