Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

M/s Majeed & Sons Steel approaches SHC seeking refund of security amount

byM.B. Rana
05/09/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: M/s Majeed & Sons Steel Pvt Ltd approached the Sindh High Court (SHC) and filed a petition seeking restraining order for misapplying the provisions of section 19A read with section 33 of the customs act, 1969 and release of security amount deposited provisionally in respect of the goods declarations.

On 4 September 2020, counsel for the petitioner submitted that petitioner imported consignments comprising prime quality hot rolled alloy steel sheets also known as prime alloy steel billet from China, it is pertinent to mention here that the above stated goods were imported by the petitioner against the free trade agreement between Pakistan and China by virtue of SRO 659(1)/2007 dated June 30, 2007, effective from Jan 01, 2012.

You might also like

LPG prices may drop by Rs30-40 as Iranian supplies resume

23/10/2026

Bangladesh envoy sees billions in untapped Pakistan trade potential

23/10/2026

He stated that the rate of duty applicable on the alloy steel is 0% vide serial no 3144 read with column no 9 of the said notification, therefore, due to the above mentioned SRO, the goods of the petitioner are exempt from the 5 percent customs duty as claimed by the respondents and hence 0 percent duty is payable by the petitioner for the import of prime alloy steel billets, furthermore, the dispute regarding the classification of the goods as to being alloys or non-alloys is now resolved in the light of the consent order dated May 4, 2015 passed by SHC in Karachi Tubes Mills Pvt Ltd and others.

He further argued that despite the above facts, the customs department continues to withhold the securities deposited by the petitioner and are acting in an arbitrary manner by illegal invoking section 19A read with section 33 of the customs act, 1969 which is in complete violation of the orders passed by the customs appellate tribunal that has upheld, inter alia, that the petitioner only submitted security at the time of provisional release which were to be released subject to the test report confirming the imported goods as alloys, said order also states that the customs department has acted beyond its statutory powers by invoking section 19A of the customs act, 1969.

Citing secretary Ministry of Finance, chief collector customs Appraisement East as respondents, petitioner pleaded the court to declare the respondents’ arbitrary decision of rejecting the refund application and not releasing the duties secured provisionally to date in discriminatory, illegal and against the spirit of the customs act, 1969.

Counsel further pleaded the court to restrain them from misapplying the provisions of section 19A read with section 33 of the customs act, 1969 and also direct them to release toe securities deposited provisionally in respect of the goods declarations.

 

Related Stories

LPG prices may drop by Rs30-40 as Iranian supplies resume

byCT Report
23/10/2026

KARACHI: Liquefied petroleum gas (LPG) prices in Pakistan could fall by up to Rs30 to 40 per kilogram within the...

Bangladesh envoy sees billions in untapped Pakistan trade potential

byCT Report
23/10/2026

LAHORE: The High Commissioner of Bangladesh Md Iqbal Hussain Khan has said that there was considerable potential to expand trade...

Pakistan plans direct flights between Karachi and Maldives to boost trade

byCT Report
23/10/2026

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the relevant authorities to launch direct flights between Karachi and the Maldives as...

Exporters pin hopes on prime minister’s intervention as cost pressures mount

byCT Report
23/10/2026

LAHORE: Pakistan's exporters are looking to the prime minister for relief from a tangle of energy levies, taxes and regulatory...

Next Post

FBR unveils new software for retailers as part of documentation scheme

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.