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 Safa Steel, M/s Noble Steel, M/s Wasim Traders approach SHC against enhancement of valuation

byM.B. Rana
22/10/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: Several importers approached the Sindh High Court (SHC) against enhancement of their consignments comprising secondary quality steel products under the valuation ruling no 1213/2017 by deputy collectors (Group-V) MCC- East, West and Port Qasim.

On 19 October 2020, counsels for the importers M/s Safa Steel, M/s Noble Steel, M/s Wrsim Traders and others approached the court stated that petitioners are regular importers of various secondary quality steel products and for same purposes, are also registered with the tax authorities, during the course of their normal businesses the petitioners have entered into imported contract for import of secondary quality steel products at the prices/ rates mentioned in the respective letters of credit, whereas, on arrival of respective goods, the petitioners are legally required to file the goods declarations.

You might also like

Cement Sales Rise 7% in September 2026

03/10/2026

Pakistan plans to import 26 LNG cargoes for winter

03/10/2026

Counsels submitted that petitioners are seriously aggrieved by the act of omission/ commission on part of respondents collectorates for wrongful enhancement of transaction values of it consignments under the law and, having no other efficacious remedy provided in peculiar circumstance, hence, humbly invoke the constitutional jurisdiction of this court.

They stated that customs authorities have arbitrarily and unlawfully rejected the values under section 25(1) without giving any reasons whatsoever to the petitioners and enhanced the customs values of the goods as per valuation ruling, bearing no 1213/2017.

Citing chairman FBR, deputy collector Group-V MCC-Port Qasim, the Deputy Collector (Group-V) MCCA East and the deputy collector (Group-V) MCC West as respondents, petitioners pleaded the court to declare that act of the respondents to assess the present and future import consignments of the petitioners under an illegal, non-existent and set aside valuation ruling no 1213/2017 is illegal, unlawful, without lawful authority and continuous disregards to the directions of this court.

Related Stories

Cement Sales Rise 7% in September 2026

byCT Report
03/10/2026

ISLAMABAD: Pakistan’s cement dispatches increased by 5.95% year-on-year to 4.621 million tons in September 2026, driven mainly by stronger domestic...

Pakistan plans to import 26 LNG cargoes for winter

byCT Report
03/10/2026

KARACHI: The government plans to procure 25 to 26 LNG cargoes from November to February to meet increased gas demand...

Islamabad Customs seizes Rs5.41b narcotics consignment near M-2

byCT Report
03/10/2026

ISLAMABAD: Collectorate of Customs Enforcement has seized narcotics and other items worth approximately Rs5.41 billion during an intelligence-based operation near...

Atif Ikram calls for joint strategy to expand share of Asia-Pacific in global textile trade

byCT Report
03/10/2026

KARACHI: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Atif Ikram Sheikh called for a joint Asia-Pacific strategy...

Next Post

FBR detects Rs12.78b suspicious transaction in Ghotki

  • 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.