Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

SHC directs to release consignment imported by M/s Pakistan Decorative Materials Private Limited on bank guarantee

byM.B. Rana
30/03/2022
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) directed customs officials to release the imported goods after securing differential amounts on the shape of bank guarantee/ pay order on a constitutional petition filed by M/s Pakistan Decorative Materials (SMC-Pvt) Ltd.

On 29 March  2022, a two-member bench, headed by Justice Irfan Sadat Khan heard the matter.

You might also like

FBR grants major super tax relief to exporters, cuts top rate to 8pc

10/09/2026

Jam Kamal highlights Pakistan’s strategic role in regional connectivity at Belt and Road Summit

10/09/2026

During the hearing, Fauzia Rasheed Advocate for petitioner, Kafeel Ahmed Abbasi, deputy attorney general of Pakistan appeared before the court, counsel for the petitioner moved urgent application which was allowed by the court.

After the hearing, court passed an order and observed that “this is the case of the petitioner that valuation ruling has been challenged before the director general valuation and hence they seek release of the consignment on payment of duties and taxes on the declared value and secure the differential amount of the valuation ruling.

Presently under challenged, by depositing the same with the Collectorate/ department by way of pay orders/ bank guarantee on securing the differential amount with the Collectorate/ department as above in concerned deputy attorney general, who is present in court has waived notice and has no objection to release the consignment of the petitioner.

Let the goods be released in terms of the above observation leaving and department at liberty to act in according with law. Petition stands disposed of along with pending applications.

Citing Chairman Federal Board of Revenue, Collector of Customs Appraisement East, Director General Valuation as respondents, petitioner pleaded the court to direct them to release the imported aluminum composite panel according to law.

Petitioner further pleaded the court to set aside impugned valuation ruling no 1610/ 2022 and restrain them from taking any adverse action against the petitioner till final order in this case.

Related Stories

FBR grants major super tax relief to exporters, cuts top rate to 8pc

byCT Report
10/09/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has announced significant changes to income tax rules, providing super tax relief to...

Jam Kamal highlights Pakistan’s strategic role in regional connectivity at Belt and Road Summit

byCT Report
10/09/2026

HONG KONG: Federal Minister for Commerce Jam Kamal Khan, addressing the 11th Belt and Road Summit in Hong Kong, reaffirmed...

Pakistan receives much-needed LNG as Qatari cargo docks at Karachi port

byCT Report
10/09/2026

KARACHI: Pakistan on Thursday received a boost to its LNG supplies after a Qatari cargo carrying 81,936 metric tonnes of...

Goods transporters announce 5pc increase in freight charges amid petrol price hike

byCT Report
09/09/2026

LAHORE: The Goods and Transport Association of Pakistan has announced a 5% increase in freight fares following the government’s decision...

Next Post

SHC seeks conclusion on petition filed by Iftikhar Auto Store against detention of imported goods

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.