KARACHI: The Sindh High Court (SHC) has directed the customs authorities to provisionally release a consignment of re-rollable and re-meltable scrap.
A division bench of the SHC issued this direction while hearing ta petition filed by Mehboob Re-rolling Mills challenging the new valuation rates of re-rollable and re-meltable scrap.
Advocate Ghulam Nabi Shar, the counsel for the petitioner, submitted that the petitioner imported a consignment of re-rollable and re-meltable scrap and sought its clearance. He said that Directorate General of Customs Valuation had issued a Valuation Ruling No.767/2015 determining the values of re-rollable scrap. The value of the petitioner’s consignment was assessed as per new valuation rates which are substantially high.
The counsel said that he had filed an appeal seeking review of the valuation rates which is yet to be decided. Since the new valuation rates have been impugned, the importer sought provisional release of his consignment but the plea was declined. Therefore, he requested the court to order the customs authorities to release the petitioner’s consignment.
