KARACHI: The Sindh High Court (SHC) issued notices to the tax authorities and deputy attorney general of Pakistan on a constitutional petition filed by M/s Farooq and Brothers, challenging the valuation ruling no 874/2016 dated 22/06/2016 enhanced the valuation on consignment of “ceramic and Porcelain Tiles”
While hearing of the petition, a two-member bench, comprising Justice Munib Akhtar and Justice Saeeduddin Nasir, also directed them to file their para-wise comments on the next hearing.
Earlier, counsel for the petitioner stated that petitioner is conducting business of import and trader of goods, having description “ceramic & Porcelain Tiles”. It has been determined under section 25A vide valuation ruling 874/2016 dated 22/06/2016 and in consequence of the valuation ruling the actual transnational values of the goods imported and to be imported by the petitioner are being rejected for assessment of duty and taxes.
Counsel argued that importer was aggrieved with the aforesaid valuation ruling wherein the customs values of subject goods have been arbitrary enhanced without following regulations of the law.
Importer further informed the court that being aggrieved it filed an appeal before the custom tribunal, however, during the dependency of appeal dated 04/08/2016 the goods of the importer having valuation dispute are required to be released provisionally on deposit of security the respondents of differential amount of duty and taxes, etc.
Citing Chairman Federal Board of Revenue (FBR), Collector of Customs Model Custom Collectorate West, Director General Directorate General of Custom Valuation as respondents, petitioner pleaded the court may declare that valuation ruling no 874/2016 dated 22/06/2016 is illegal, unlawful and no legal effect.
