KARACHI: Singh High Court has ordered release of a consignment of menthol on payment of customs duty and taxes at rate of valuation ruling.
The order was issued by a SHC appellate bench, comprising Justice Irfan Saadat Khan. Saarim Enterprises, importer of the consignment questioned the detention of the consignment as it valued the same at enhanced value on the orders of the Director General, Customs Valuation.
Hyder Shaikh advocate appearing for the petitioner submitted that the DG Valuation has no powers of enhancement in value when Valuation Ruling holds field.
He maintained that consignment in dispute was valued at US $ 17 if imported from Japan and US $ 11 if of Chinese origin while DG Valuation enhanced the same to US $ 25 and 20 respectively.
The bench after hearing the sides allowed the petition ordering release at declared value as per valuation ruling holding the field at relevant time.
