KARACHI: A Sindh High Court’s customs appellate bench has ordered release of networking cable after reassessment on the basis of new valuation ruling acceptable to the petitioner.
The customs appellate bench, comprising Justice Munib Akhtar and Justice Omar Sial, was hearing a petition filed by Minitech Corporation which imported networking cables and sought clearance at a rate of $2.8 but Pakistan Customs valued the same at $3.85.
The petitioner challenged the valuation and moved the court. Today the bench was told by the petitioner and respondents that parties have agreed to new valuation ruling which fixes value at $3.05. The bench agreeing to the agreement reached at by the parties ordered release of the consignments as per new valuation ruling.
