KARACHI: The Sindh High Court (SHC) on Monday directed parties to file comments on a constitutional petition filed by M/s Shaikh Pipe Mills (Private) Limited, challenging enhancement of the value of prime hot rolled coils from $415 to $448 MT. A two-member bench, headed by Justice Munib Akhtar, was hearing the petition.
Earlier, the petitioner, through his counsel, stated that he was engaged in the business of manufacturing MS Pipe/ GI Pipes and Gold Rolled Coils and fulfills all his liabilities properly.
According to the petitioner, it is seriously prejudiced by the actions of the Collector of Customs Model Customs Collectorate East, being a government functionary and working under chairman Federal Board of Revenue who was illegally denying the acceptance of transaction value under section 25 (1) of the Customs Act 1969.
The counsel informed the court that petitioner imported hot rolled coils from Ukraine at the actual transaction value of $415 per metric ton and filed goods declaration according with procedure, however, the Collector of Customs Collectorate East regretfully did not accept the transaction value of $415 MT and enhanced the same at $448 MT without lawful authority.
Citing Chairman Federal Boards of Revenue and Collector of Customs Collectorate East as respondents, he pleaded the court to declare that act of the respondent as illegal, mala fide and arbitrary.
He also pleaded the court may direct them to release his consignment on the actual rate at $415 MT and also restrain them from taking any coercive action against the petitioner.
