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
Valuations Rulings - Pakistan Customs Today News Paper

M/s Mass Pharma challenges VR No 1375/2019 in SHC

byM.B. Rana
08/10/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: M/s Mass Pharma Private Limited has approached the Sindh High Court (SHC) and filed a petition against enhancement of valuation of its imported goods comprising Glucosamine Chondroitin Tablet (heath supplement) from US$1.8366 to US$ 18/kg in the light of valuation ruling 1375/2019.

On 7 October2020, counsel for the petitioner stated that in regular course of business a consignment of Glucosamine Chondroitin Tablet (heath supplement) imported from China in the month of August 2019, the petitioner on the basis on import documents, filed goods declaration in terms of section 79 (1) of the customs act, 1969 and paid duty and taxes calculated on the declared transaction/ customs value of US$ 1.8366/kg.

You might also like

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

NBP inks MoU with PowerChina arm for green financing collaboration

17/10/2026

He further stated that subsequently the petitioner’s subject goods declaration was selected for scrutiny of assessment by the officer of customs department and during the scrutiny under section 80 of the customs act, 1969 re-assessed the customs value of the petitioner’s subject consignment and increased the same from US$1.8366 to US$ 18/kg in the light of valuation ruling 1375/2019 dated March 24, 2019 which in fact does not firstly contain any customs value of US$ 18/kg and secondly, does not contain any customs value of the health/ food supplement’s brand which the petitioner has imported.

Counsel argued that the above VR though in the initial general para talks about determination of customs value of foods supplement, multivitamins/ mineral supplements and whey protein, however, customs values of few specific brand have been determined without any additional entry of “other brands” in the case of food supplement multivitamin tablets and petitioner brand which are covered by subject VR, besides it is not at par in specification/ usage with the brands, mentioned in the VR.

Citing chairman FBR, collector of Customs West and DG Valuation as respondents, petitioner pleaded the court to declare the application of said VR is illegal on the petitioner’s goods, when petitioner’s goods/ brand were/ are not included in the list of brands covered under the said VR.

 

Related Stories

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

NBP inks MoU with PowerChina arm for green financing collaboration

byCT Report
17/10/2026

LAHORE: National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co....

FBR implements faceless tax audit and assessment system from October 15

byCT Report
17/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new framework for conducting tax audits, assessments and related proceedings...

Pakistan explores new funding options with three UAE Banks to ease debt pressure

byCT Report
17/10/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb held separate meetings with delegations from Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Ajman...

Next Post

Import Policy Order 2020: MoC allows temporary import of goods against bank guarantee

  • 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.