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 Karachi

SHC directs to release consignment of M/s Naveed Trading Corporation on bank guarantee

byM.B. Rana
22/01/2019
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) directed customs officials to consider the request of the petitioner for provisional release of the consignment subject to deposit amount of duty and taxes by way of bank guarantee/pay order before the collectorate concerned on a petition filed by M/s Naveed Trading Corporation seeking release of consignment of iron/steel products including galvanized steel coils of secondary quality.

While the hearing the petition, a two-member bench, headed by Justice Aqeel Ahmed Abbasi also issued notices to customs officials and directed them to file their para-wise comments on the next date of hearing.

You might also like

Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m

24/06/2026

Govt borrows Rs4.9 trillion from banks despite rise in tax collections

24/06/2026

On January 21, 2019, counsel for the petitioner stated in his petition that petitioner is mainly engaged in the import of the above-mentioned goods and a consignment of the petitioner is lying at the port and being withheld from clearance by the customs authorities repeating their illegal practices in violation of the customs tribunal’s order.

He further argued that respondents have rejected the transactional value of the petitioner without giving any cogent reasons and have demanded that the petitioner along with its import documents, submitted values taken from the London Metal Exchange for the purpose of assessing their goods.

Citing secretary Revenue Division, chief collector of Appraisement West, DG Valuation and others as respondents, petitioner pleaded the court to declare that respondent’s arbitrary manner of assessing the petitioner’s goods is patently illegal and against the spirit of the Customs Act, 1969.

He further pleaded the court may direct them to release consignment of the petitioner on their transactional value and restrain them from taking any coercive action against the petitioner till final order in this petition.

 

Related Stories

Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m

byCT Report
24/06/2026

HYDERABAD: Collectorate of Customs (Enforcement), Hyderabad, has significantly intensified its anti-smuggling campaign, conducting a series of successful intelligence-based operations that...

Govt borrows Rs4.9 trillion from banks despite rise in tax collections

byCT Report
24/06/2026

KARACHI: The federal government borrowed more than Rs. 4.9 trillion from commercial banks during the first eleven and a half...

FBR freezes bank accounts over Rs23.23b tax dispute

byCT Report
24/06/2026

LAHORE: The Federal Board of Revenue (FBR) has frozen the bank accounts of the Universal Service Fund (USF), a government-owned...

Govt abolished Super Tax for major export-oriented companies

byCT Report
24/06/2026

ISLAMABAD: The federal government has approved the complete abolition of Super Tax for companies whose export receipts account for more...

Next Post

Special freight train will be launched from January 25: Sheikh Rasheed

  • 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.