KARACHI: The Sindh High Court (SHC) on Tuesday ordered provisional release of a consignment of servomotors and embroidery machines.
A division bench of SHC directed the importer to deposit differential amount of duty and taxes with Nazir of the court.
Petitioner Muhammad Ramzan submitted that the Directorate General of Customs Valuation had issued a Valuation Ruling No. 750/2015 for assessing the value of household sewing machine motors and servomotors. The valuation rates of the imported machines and motors have been increased substantially and therefore, he has filed an appeal for review of the ruling which is pending decision.
He said that his consignment of 24 sets of embroidery machine and 25,000 sets of servomotors have arrived at the port. Since the new valuation ruling has been impugned the consignment be released as he was ready to deposit differential amount of duty and taxes with Nazir of the court.
