LAHORE: The Customs Appellate Tribunal has set aside an appeal of imported machinery filed by The Bank of Khyber against Additional Collector (Adjudication) Lahore and others.
Justice Retired Malik Manzoor Hussain, Chairman, Customs Appellate Tribunal heard the stance of both parties and decided the case with remarks that additional collector (adjudication) failed to follow the law applied in this respect by the superior forums. So the impugned order passed to this extent is set aside.
M/s Royal Sheffield private limited have defrauded on the government by misusing the manufacturing bond facility. The audit record pertained to the holder of manufacturing bond. The M/s Royal Sheffield private limited availed the benefits of the SROs and imported machinery and raw material valued at Rs37million without the payment of duties and taxes.
After a complete verification by the Customs Department and adjudication, the Order-in-Original was passed against the appellant, which was challenged before the Customs Appellate Tribunal on the grounds that order passed by the former authority is not according to the law and there is a need for a fresh order after hearing the case in detail.
After a complete hearing of the case, the Customs Appellate Tribunal has accepted the appeal and set aside the Order-in-Original.
