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 Karachi

M/s Tara Imperail Industries moves SHC for security refund

byM.B. Rana
27/06/2018
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: M/s Tara Imperail Industries Pvt Ltd approached the Sindh High Court (SHC) for refund of the amount collected by customs officials in the name of regulatory duty under Section 18 (3) of the Customs Act, 1969 on consignments of steel products.

On Tuesday, counsel for the petitioner stated in its constitutional petition that petitioner is engaged in manufacturing of steel products and imported different type of raw material for manufacture of finished steel products.

You might also like

Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports

25/08/2026

PSW, PAA sign MoU to digitalize air cargo charge collection

25/08/2026

The petitioner being commonly aggrieved by the arbitrary, illegal and mala fide actions of the respondents who issued SRO 1035(1)/2017 dated 16/10/2017 in purported exercise of power under Section 18 (3) of the Customs Act and imposed regulatory duty on a number of items including the items imported by the petitioner.

He submitted that on court direction, importers paid half duty to the customs authorities while securing the remaining 50% with the nazir of SHC or customs authorities. After hearing, the court declared act of the respondents as illegal; therefor, importers surety should be refunded.

Citing Ministry of Finance, Chairman Federal Board of Revenue, Collector of Customs Collectorate East, the Collector of Customs Collectorate West and Port Muhammad Bin Qasim as respondents, he pleaded the court to direct the respondents to immediately return the security or refund the amount equivalent thereof along with mark-up collected by them from the petitioner and other importers under the order passed by this court.

Related Stories

Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports

byCT Report
25/08/2026

LAHORE: Pakistan’s northern trade gateway witnessed record-breaking performance, with Customs authorities collecting nearly Rs15 billion in revenue from imports through...

PSW, PAA sign MoU to digitalize air cargo charge collection

byCT Report
25/08/2026

ISLAMABAD: The Pakistan Single Window (PSW) and the Pakistan Airports Authority (PAA) have signed a Memorandum of Understanding to digitalize...

State Bank reveals cost of printing Rs5,000, Rs1,000 currency notes

byCT Report
25/08/2026

KARACHI: Producing a Rs5,000 or Rs1,000 currency note costs Rs14, State Bank of Pakistan officials told the Senate Standing Committee...

Pakistan receives over $763m in external assistance in July

byCT Report
25/08/2026

ISLAMABAD: Pakistan received more than $763 million in external financial assistance during July, the first month of the current fiscal...

Next Post

Customs to set up new Directorate General to handle flow of cargo through CPEC: Additional Collector Samiul Haq

  • 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.