KARACHI: The Sindh High Court (SHC) has sought comments from Javed Garments, Jeans Junctions and others in 19 appeals filed by Director of Customs Valuation challenging order of the Customs Appellate Tribunal (CAT) which was set aside impugned valuation ruling 859/2016.
A two-member bench, comprising Justice Irfan Sadat Khan and Justice Arshad Hussain Khan, was hearing the appeals. During the hearing Asad Khan advocate filed power on behalf of respondents which was taken on record. He requested for some time to submit para wise comments. Therefore, the court adjourned the hearing for a date which would be announced according to roaster.
Earlier, counsel for the applicant stated that the customs values of law – end brands footwear of Chinese and Thailand origin were previously determined vide valuation ruling no 41/2012 , the value of low brands shoes have increased considerably over a period of four years. Valuation ruling no. 421/2012 had to revised due to price fluctuation in the international market as well as on the receipt of a reference dated 10/09/2015 from Customs Appraisment-West Karachi. Exercise was initiated to revise the customs values mentioned in the above said ruling and ruling no 859/2016 was issued after due deliberations and taking into account all the factors including feedback from stakeholders and price as prevalent in the local and international market.
According to the applicant, however, after issuing valuation ruling, it was challenged in the appellate tribunal which was declared it as void, illegal and without lawful and directed the tax authorities that during that transactionary period respondents were directed to release the applicants consignments by applying the valuation ruling no 421/2012.
Director of Customs Valuation pleaded the SHC to set aside impugned order of the Customs Appellate Tribunal over Valuation ruling of 859/2016.
