KARACHI: The Sindh High Court on Tuesday ordered provisional release of M/s Shamshir Chemicals and M/s Fargo Belting Company’s consignments of rubber products.
A division bench of SHC directed the importers to deposit the differential amount of duty and taxes with Nazir of the court.
Petitioners – M/s Shamshir Chemicals and M/s Fargo Belting Company moved the court, submitting that they have imported the ungraded ribbed smoked sheets of rubber and sought their clearance declaring their value under PCT Heading 4001.2100 at $1.2 per kilogram.
However, the customs authorities refused to accept the value, said their counsel adding the authorities assessed the value on the basis of the amended valuation ruling whereby the value of goods was increased to $2.7 per kg.
Advocate Ajeet Kumar argued that the amendment was made at whims and wishes of the customs authorities without following mandatory provisions of the Custom Act. He said that he had filed an appeal before the director general of Customs Valuation against increase of the value which is pending disposal.
The court was pleaded to set aside the amendment made to the valuing ruling and order provisional release of petitioners’ consignments.
