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 of Ferrous Engineering in Rs 2.1m tax evasion case

byM.B. Rana
26/11/2016
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) directed has M/s Ferrous Engineering Industry to file para-wise comments on an appeal filed by Customs Appraisement-East law department additional collector against impugned order of the Customs Appellate Tribunal in a tax evasion case of Rs 2.186 million.

A two-member bench, comprising Justice Irfan Sadat Khan and Justice Muhammad Humayun Khan, was hearing the appeal. The court adjourned the hearing for November 30, 2016.

You might also like

IHC approves Telenor Pakistan-Ufone merger

14/07/2026

Mastercard, BoP expand strategic collaboration to support Pakistan’s cashless economy

14/07/2026

Earlier, counsel for the applicant stated in its appeal that importer electronically filed goods declaration dated March 20, 2014 and declared the consignment as hot dip galvanized steel of prime quality total weight of 151,170 kilogramme at the rate of $69,538.30. However, during the examination, goods were found hot dip colour steel sheet of secondary quality charging higher tariff rate 20 percent instead of 10 percent.

According to the applicant, importer attempted to deprive the state legitimate revenue amounting to Rs 2,186,125; therefore, show cause notice was issued to the said importer and authority concern also imposed Rs 200,000 fine to the importer, which being aggrieved, the importer filed an appeal before tribunal which was allowed and said tribunal reduced the fine without lawful authority.

Citing M/s Ferrous Engineering Industry as respondent, the applicant pleaded the court may declare that order of the tribunal illegal, mala fide and arbitrary and set aside the order and restore the order of the applicant.

Related Stories

IHC approves Telenor Pakistan-Ufone merger

byCT Report
14/07/2026

ISLAMABAD – The Islamabad High Court (IHC) has approved the merger of Telenor Pakistan Private Limited with Pakistan Telecom Mobile...

Mastercard, BoP expand strategic collaboration to support Pakistan’s cashless economy

byCT Report
14/07/2026

KARACHI: Senior leadership of Mastercard and The Bank of Punjab (BOP) met in Karachi to reaffirm and expand their strategic...

Colour & Chem Expo 2026 to bring 300 exhibitors to Lahore

byCT Report
14/07/2026

LAHORE: Pakistan's flagship exhibition for the dyes, chemicals and allied industries, the 11th Colour & Chem Expo 2026, will be...

FPCCI for taking steps to protect economy against fallout of renewed ME crisis

byCT Report
14/07/2026

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Monday urged the economic policymakers to devise a crisis-response...

Next Post

FBR issues rules for determination of bonus shares value

  • 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.