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Home Karachi

Shazak Multinational and others challenges valuation ruling no 863/ 2016 in SHC

byM.B. Rana
29/11/2016
in Karachi, Latest News
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KARACHI: The Sindh High Court (SHC) directed the tax department and deputy attorney general of Pakistan on a constitutional petition filed by M/s Shazak Multinational and M/s PIVA International challenging impugn valuation ruling no 863/ 2016 which enhanced the valuing consignments of the Toilet Soaps.

While the hearing of the petition, a two-member bench, headed by Justice Irfan Sadat Khan also direct them to file their respective comments on next date of hearing, court adjourned the hearing for November 30, 2016.

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Earlier, counsel for the petitioners stated that they are engaged in the lawfull business of import of toilet soaps from various sources around the world, including Indonesia, Malaysia and the UAE.

According to the petitioners informed the court that petitioners are aggrieved and seriously prejudiced by the illegal and mala fide action of the respondents, whereby the respondent have arbitrary fixed the custom value of toilet soaps vide valuation ruling no 863/2016 dated June 02, 2016 in the manner which is contrary to the law and regulations.

Counsel further argued that demand of the fixation value according to the said impugn valuation ruling is unlawful.

Citing Chairman Federal Board of Revenue, Collector of Customs Model Customs Collectorate Appraisement West, Collector of Custom Model Custom Collectorate East, the Director of Valuation Directorate of Valuation and Director General of Valuation as respondents, petitioners pleaded the court may declare act of the respondents is illegal, unlawful and mala fide.

Importers also pleaded the court may set aside impugn valuation ruling and restrain them from taking any coercive action against the petitioners.

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