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

Appraisement West secures suspension of FTO’s release order in SHC

byCT Report
06/11/2024
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) has temporarily suspended an order issued by the Federal Tax Ombudsman (FTO), which directed the Collector of Customs Appraisement (West) to release goods on a provisional basis. The suspension follows a petition from the Collectorate of Customs Appraisement, with representation by Advocate Sardar Zafar Hussain, counsel for the petitioner.

The case originates from a complaint lodged by Universal Auto Engineering, challenging the customs valuation process. According to the complaint, the customs department had disregarded the importer’s declared valuation of imported high-tensile nuts, bolts, and washers, opting instead for a higher assessment. Universal Auto Engineering argued that this practice is inconsistent with established valuation protocols, prompting them to seek redress with the FTO.

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

After reviewing the matter, the FTO issued two key recommendations. The first recommendation instructed the Director General of Customs Valuation to have the Director of Valuation issue a revised Valuation Ruling (VR) after allowing input from all relevant stakeholders. The second recommendation called for the provisional release of the goods in question. However, the Collector of Customs Appraisement (West), upon legal counsel’s advice, filed a constitutional petition against the provisional release directive in the High Court of Sindh.

During proceedings, Advocate Sardar Zafar Hussain argued that the Director General of Valuation had addressed the valuation issue by ordering the Director of Valuation to issue a new VR following due process. He further noted that the current VR would remain in effect until a new ruling is issued, thus rendering the FTO’s order for provisional release unnecessary and beyond its jurisdiction.

After considering the arguments, the court bench, acknowledging the stance of the Collectorate of Customs, suspended the FTO’s provisional release order. Notices have been issued to the respondents and the Deputy Attorney General for Pakistan, with a follow-up hearing scheduled for December 2, 2024. This decision marks a significant development for the customs administration, as it underscores the judiciary’s role in mediating valuation disputes.

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
APP68-051124
KARACHI: November 05 - The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb addressing the launching ceremony of Electronic Mortgage Register by SECP. APP/SDQ/IQJ/TZD/FHA

Finance Minister inaugurates SECPs electronic mortgage register

  • 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.