LAHORE: Customs Appellate Tribunal set aside the case of Panna Overseas Corporation and sent it back to Collector of Adjudication to review the case. The tribunal also directed to take fresh verdict as per law during the period of 30 days.
Sources told Customs Today that appellant Panna Overseas Corporation imported 23736 meters of 1680 black PU coated poly fabric to manufacture and export 71000 pieces of packing bags of standard size availing benefit of exemption duties and taxes under SRO 450(1)/2001 dated 18-6-2001.
The appellant approached Customs Appellate Tribunal on plea that these items are exempted from duties and taxes by FBR but Customs Sialkot charged taxes on import of poly febric bags. He argued that department allowed to import 23736 meters of 1680 D black PU coated poly febric to manufacture and export 71000 PCs of packing bags of standard size.
The MCC Exports Karachi intimated MCC Sialkot vide letter dated 11-11-2014 but MCC Sialkot charged taxes which is clear violation of order.
The appellant argued that he is not satisfied with the decision of Adjudication authority because they did not decide the case according to law.
After hearing the arguments of both parties, the Tribunal disposed off the case and sent it back to the Collector of Adjudication for review and fresh decision.
