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Home Breaking News

M/s Fabric Chem moves SHC against enhancement of valuation of imported goods

byM.B. Rana
11/05/2022
in Breaking News, Karachi, Latest News
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KARACHI: A two-member of the Sindh High Court (SHC) directed counsel for the petitioner to remove office objection within a week on a special customs reference application filed by M/s Fabric Chem against show cause notice and seeking imported consignment of SINAPOL STC 417 (a brand name for co-polymer of acrylic & styrene emulsifier).

On 10 May 2022, a two-member bench of the Sindh High Court (SHC) headed by Justice Irfan Sadat Khan heard the matter, during the hearing, M Abbas Advocate appeared before the court and argued that during the course of business, his client imported above mentioned goods from Turkey and filed goods declaration according to law, however, during the examination, customs officials claimed to found synthetic copolymer acrylic type in association with emulsifier put up in aqueous medium.

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He added that a show cause notice also was issued to the petitioner and customs officials also enhanced valuation 20% and claimed that valuation ruling 1125(1)/2011 as also not admissible.

Counsel argued that applicant moved customs appellant tribunal against action of the customs officials, however, customs tribunal dismissed applicant’s appeal without consideration facts and settled law.

Citing Chairman Federal Board of Revenue, Collector of Customs Appraisement East, Customs Appellant Tribunal, Assistant Collector of Customs Adjudication-I as respondents, applicant pleaded the court to declare that act of the respondents is illegal, mala fide and arbitrary.

Counsel further pleaded the court to direct customs officials to release impugned consignment and restrain them from taking any adverse action against the petitioner till final order in this constitutional petition.

After the hearing, court directed counsel for the applicant to remove objections and submit reply within a week.

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