KARACHI: The Customs Valuation director general (DG) has reserved order regarding a review petition to re-determine customs value of paraffin wax imported from India.
According to details, Advocate Umer Farooq pleaded the case before Customs Valuation DG Samaira Nazir Khan. A departmental representative was also present.
The review petition was filed on behalf of Sajid Chemicals. It requested the DG to re-determine the customs valuation of paraffin wax of India-origin which was last determined over three years ago vide Valuation Ruling No 380 dated October 1, 2011.
The petitioner had filed a constitutional petition at the Sindh High Court (SHC) last year. The petitioner’s counsel had requested the court to revise the customs value of paraffin wax in view of the law settled by the SHC in a Sadia Jabbar versus Federation of Pakistan case reported in the Law Journal of Pakistan Test Case Law (PTCL) 2014, Case Law 537 in which the SHC ruled that a valuation ruling must be revised after 90 days.
A divisional bench of the SHC disposed of the petition on August 28, saying that the petitioner was at liberty to challenge the valuation ruling through a review petition before the Customs Valuation DG in term of Section 25D of the Customs Act 1969.
