Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

SHC seeks comments against recovery of regulatory duty imposed vide SRO 214(I)/2001

byM.B. Rana
25/12/2019
in Karachi, Latest News
Share on FacebookShare on Twitter

You might also like

KP approves Finance Bill 2026-27 with new taxes, tougher penalties

27/06/2026

Pakistan honored with SCO Business Council leadership for 2027

27/06/2026

KARACHI: The Sindh High Court (SHC) directed customs officials and deputy attorney general to make sure filing their respective para wise comments on a petition filed by importers against letter for levy of recovery of regulatory duty @5% imposed vide SRO 214(I)/2001.
On 24 December 2019, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter.
During the hearing, counsel for M/s Kamal Limited and others argued that in normal course of business they imported materials for use in manufacturing, weaving, spinning & finishing of textile goods, inter alia, including the commodities pigment thickener (PCT 3906.9030) and acrylic thickener (PCT 3906.9040) etc through Port Muhammad Bin Qasim.
He further submitted that on arrival of imported goods at Karachi Port. The consignments were examined and goods declaration for sale transportation filed by the petitioners are completed by the respective clearance collectorate of customs at Karachi after examination, verification and assessment of the same, on receipt of goods at licensed manufacturing units/ private manufacturing bonded warehouse located in the vicinity of Faisalabad falling under the jurisdiction of M/s Dawood Experts Pvt Limited, are treated as into-bond goods declaration by the regulatory collectorate.
He further stated that during March, 2010, regulatory duty of 5% was imposed on import of pigment thickener and acrylic thickener under sub-section (3) of section 18 of the customs act, 1969 vide SRO 214(I)2010 dated 29 March 2010 which subsequently, through various notifications issued from time to time, transformed into SRO 1035(I)/2017 and now into SRO 640(I)/ 2018, however, it is pertinent to mention that in all the schemes of temporary imports of goods for utilization in exported goods like manufacturing bond scheme, export oriented small & medium enterprises, temporary imports for exports, DTRE units & Export Processing Zone etc are exempt from whole of customs duties and other taxes.
Counsel further argued that FBR officials issued vide its letter C. No 3(3)Tar-I/2014 dated 28/01/2019 for levy of recovery of regulatory duty @5% imposed vide SRO 214(I)/2001 on the items pigment thickener and acrylic thickener imported between March 29, 2010 and 16/10/2017.
Citing chairman FBR, Collectorate of Customs Appraisement West, Port Muhammad Bin Qasim and Faisalabad as respondents, petitioner pleaded the court may declare that set aside impugned letter for levy of recovery of regulatory duty.

Related Stories

KP approves Finance Bill 2026-27 with new taxes, tougher penalties

byCT Report
27/06/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Finance Bill for fiscal year 2026-27, introducing significant increases in provincial taxes...

Pakistan honored with SCO Business Council leadership for 2027

byCT Report
27/06/2026

ARACHI: Atif Ikram Shiekh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has attended the Shanghai...

Pakistan, Iran push for rail and road connectivity to unlock bilateral trade

byCT Report
27/06/2026

LAHORE: Pakistan and Iran have agreed to accelerate efforts to improve cross-border transportation networks, with both countries identifying stronger road...

SHC declares FBR officers’ appointment to monitor private business null & void

byCT Report
27/06/2026

KARACHI: The Sindh High Court (SHC) on Saturday declared a Federal Board of Revenue (FBR) office order appointing officers to...

Next Post

Multan Customs Preventive transfers 41 employees

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.