KARACHI: The Sindh High Court (SHC) has ordered provisional release of a consignment of re-rollable and re-meltable scrap.
A division bench of the SHC directed the importer to deposit the differential amount of duty and taxes with Nazir of the court. Mehboob Re-rolling Mills had challenged the new valuation rates of re-rollable and re-meltable scrap.
Advocate Ghulam Nabi Shar, the counsel for the petitioner, submitted that the petitioner imported a consignment of re-rollable and re-meltable scrap and sought its clearance. He said that Directorate General of Customs Valuation recently issued a Valuation Ruling No.767/2015 determining the values of re-rollable scrap. The value of the petitioner’s consignment was assessed as per new valuation rates which are substantially high.
The counsel said that he had filed an appeal seeking review of the valuation rates which is yet to be decided. Since the new valuation rates have been impugned, his consignment be released on payment of old rates as the petitioner was willing to deposit differential amount of duty and tax with Nazir of the court. Therefore, he requested the court to order the customs authorities to release the petitioner’s consignment.
