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M/s Tara Imperail Industries moves SHC for security refund

byM.B. Rana
27/06/2018
in Karachi, Latest News
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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.

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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.

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