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Home Breaking News

SHC issues notices on petition filed by M/s TF Industries against enhancement of valuation

byM.B. Rana
03/03/2020
in Breaking News, Karachi, Latest News
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KARACHI: The Sindh High Court (SHC) issued notices to the customs department and deputy attorney general on constitutional petition filed by M/s TF Industries against enhancement of valuation of imported non-woven for diapers from $1.65 to $2.10 per kg.

On 2 March  2020, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter.

During the hearing, counsel for the petitioner imported non-woven for diapers US$ 1.65 per kg, however, The Collector of Customs Appraisement West assessed the goods $2.10 per kg illegally and unlawfully without any valid evidence, the petitioner requested to him for the assessment per kg as per transactional value in terms of section 25(1) of the customs act, 1969 but customs officials did not agree with contention of the petitioner to accept the declare value being transactional value.

He further submitted that petitioner has also filed a customs appeal before the collector of customs appeals Karachi against the assessment made under section 80 of the customs act, 1969 in terms of section 193 of the customs act, 1969.

He argued that consignments are lying at the port incurring heavy demurrages and detention charges, it the therefore requested the consignment may kindly be released by securing differential amount in the shape of bank guarantee or pay order allowed to be submitted to the Nazir of this court.

Citing chairman FBR, Director General of Customs and others as respondents, petitioner pleaded the court to declare that the subject goods have been imported as per transactional value in terms of section 25(1) of the customs act 1969 same is liable to be accepted.

He further pleaded the court may declare that the enhancement made by the respondents is arbitrary, illegal and unlawful without any valid evidences and without following the sequential method as prescribed vide section 25 of the customs act, 1969.

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