ISLAMABAD: Customs Appellate Tribunal issued directives to conclude arguments in customs reference filed with the tribunal for rehearing of M/s Yarkan’s case decided in favor of Collectorate of Customs, Islamabad.
Customs Appellate Tribunal’s Members Technical Muhammad Nasir Khan and Syed Muhammad Anwar heard the matter. The case was carrying a matter about alleged mis-evaluation of imported goods.
Earlier, customs appellate tribunal bench-II had heard the case. M/s Yarkan had filed the case against Collectorate of Customs, Islamabad. The appellant had challenged a decision announced by departmental adjudication in which it had maintained to seize imported fabric items by M/s Yarkan.
The adjudication had found the importer guilty of mis-evaluation of imported goods. The decision stated that the items were cleared for value & 3.75/kilogram; however, the inquiry found its actual value as of Rs & 5/kilogram. Thereby, a difference of Rs281,163,4 had occurred in evaluation of cost-duty ratio.
With the said findings, the adjudication maintained to seize the imported fabric items. The appellant had challenged the decision before the tribunal and a single bench of the tribunal. Now the matter was likely to be taken soon by the tribunal.
