KARACHI: M/s Shahid Majid & Sons has approached the Sindh High Court (SHC) and filed a constitutional petition against enhancement of valuation of imported consignments pertaining to electrolytic tin plate of secondary quality.
On 16 March 2021, during the hearing, counsel for the petitioner stated that during the course of its business, the petitioner imported various consignments pertaining to electrolytic tinplate of secondary quality and filed goods declaration.
He submitted that directorate general of customs valuation issued a valuation ruling no 756/2015 of electrolytic tin plate (ETP) and tin free steel (FTS) which was withdrawn by the directorate on Jan 21, 2016, and directed the customs officials in terms of section 25 of customs act, 1969, it is pertinent to note that the directorate has fixed the valuation to be US$ 0.765 per kg and US$ 0.807 per kg of ETP and TFS, respectively.
He further submitted even in light of withdrawal of valuation ruling by the directorate, the customs officials is applying the same fixed value published via the withdrawn valuation ruling in the garb of data and guidelines on imports of the petitioners, defying the provisions of section 25 of the customs act, 1969, the petitioners fearing such treatment of their goods are compelled to invoke the court for release of their goods under section 25 of customs act, 1969.
Chairman FBR, collector of Customs Port Muhammad Bin Qasim and Deputy Collector Of Customs Port Muhammad Bin Qasim as respondents, petitioners pleaded the court may declare that the declared value of the petitioner as transaction value under section 25 (i) of customs act, 1969, directed them to assess/ release the goods of the petitioners provisionally under section 81 of customs act, 1969.
