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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
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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.

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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.

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