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 Breaking News

SHC seeks reply on petition filed by M/s Assher Trading against enhancement of valuation

byM.B. Rana
28/02/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) issued notices to the customs officials and deputy attorney general and directed them to file their comments on a constitutional petition filed by M/s Assher Trading Company against enhancement of value of imported comprising of coir-mattress fiber/ coir bristle fiber/ coir yarn 2 ply.

On 28 February 2020, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter.

You might also like

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

21/07/2026

Pakistan banks expected to report lower Q2 2026 profits

21/07/2026

During the hearing, counsel for the petitioner argued that petitioner has imported a consignment comprising of coir-mattress fiber/ coir bristle fiber/ coir yarn 2 ply on unit value of $0.245 per kg and on arrival of the impugned goods the petitioner has filed goods declaration under section 79 of the customs act, 1969 and requested the appropriate officer to accept declared value under section 25(1) of the customs act, 1969.

He further submitted that however, customs officials without confronting the declared transaction value has denied to accept the same and proposed to assess the duty and taxes on the basis of dated base value $0.450 per kg which is not legally applicable without resorting and following sequential method laid down under section 25 of the customs act, 1969.

Counsel said that since the respondents has disputed the transactional value the petitioner has approached him and requested to release the consignment on declared transactional value or may be released on provisionally, however, customs officials denied his both requests.

Citing chairman FBR, collector of Customs Appraisement West as respondents, petitioner pleaded the court to declare that the assessment of impugned goods @ $0.045 per kg without following the sequential method is illegal and in contradiction to section 25 of the customs act, 1969.

He further pleaded the court to direct them to release his consignment immediately on provisionally and restrain them from taking any coercive action against the petitioner till final order in this petition.

Related Stories

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has left customs duty concessions granted under Free Trade Agreements (FTAs) and Preferential...

Pakistan banks expected to report lower Q2 2026 profits

byCT Report
21/07/2026

KARACHI: Pakistan’s banking sector is expected to report lower earnings in the second quarter of 2026 as the impact of...

FTO orders FBR to fix IRIS glitches blocking Rs2.3m tax credit

byCT Report
21/07/2026

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) cannot use technical limitations of...

FBR imposes excise duty on e-liquids used in vapes & e-cigarettes

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has for the first time brought e-liquids used in vapes and electronic cigarettes...

Next Post

FBR issues special instructions to field formations regarding coronavirus

  • 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.