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 consignments imported by M/s RTS Engineering Works, M/s Karol Pipe Industry

byM.B. Rana
18/06/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: A division bench of the Sindh High Court (SHC) directed concerned officials of customs department to release consignments of importers M/s Karol Pipe Industry and M/s RTS Engineering Works.

On 18 June, 2020 a two-member bench heard the matter.

You might also like

SAARC chief urges turning South Asia’s challenges into opportunities

24/04/2026

DG Valuation revises import values for PVC, PU coated vide VR No.2068/2026

24/04/2026

During the hearing, counsel for the petitioners stated in his petition that petitioners are regular importers of various secondary quality steel products and for same purpose are registered with tax authorities and during the course of their import contracts LC for imports of various consignments of secondary quality steel coils/ steels at the price/ rates mentioned in respective sale contracts and letters of credits, whereas, on arrival of respective goods, petitioners filed goods declaration and requested the customs authorities to clear their imported goods.

He further submitted that however, customs officials are bent upon to assess the customs value of subject consignments as per valuation ruling, bearing registration no 1213/2017 under section 25A ibid, which has been set-aside being declared as without lawful authority by the appropriate appellate authority, in a number of appeals there-against vide an earlier judgment dated July 18, 2018 and subsequent through a consolidated judgment dated Oct 20, 2018 and that the same judgments hold the filed till date as no suspension order has been attained by the respondents collectoarate till date.

Citing chairman FBR, the collector of Customs Appraisement East, West and Port Muhammad Bin Qasim as respondents, petitioners pleaded the court may declare that act of the respondents to assess the import consignments of the petitioners under an illegal, non-existent and set-aside valuation ruling by appropriate authority is illegal, unlawful, unwarranted and without lawful authority.

He further pleaded the court to direct them to release its imported consignments immediately and restrain them from taking any coercive action against the petitioners till final judgment in this petition.

Related Stories

SAARC chief urges turning South Asia’s challenges into opportunities

byCT Report
24/04/2026

ISLAMABAD: President of the SAARC Chamber of Commerce and Industry, Chandi Raj Dhakal, has emphasized that South Asia’s economic and...

DG Valuation revises import values for PVC, PU coated vide VR No.2068/2026

byCT Report
24/04/2026

KARACHI: The Directorate General of Customs Valuation has revised customs values for imports of PVC, PU and other coated fabrics...

PM clears NBP’s long-awaited Rs35 per share dividend

byCT Report
24/04/2026

ISLAMABADI: National Bank of Pakistan has received approval for its long-delayed dividend payout after Prime Minister Shehbaz Sharif cleared the...

SBP eases import financing rules for oil & LNG amid geopolitical crisis

byCT Report
24/04/2026

KARACHI: The State Bank of Pakistan (SBP) has revised key foreign exchange instructions to facilitate the import of crude oil,...

Next Post

Gold price increases Rs700 to Rs99,300 per tola

  • 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.