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 Puma Energy (Pvt) Ltd against demand notice

byM.B. Rana
17/10/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: A division bench of the Sindh High Court (SHC) issued notices to customs authorities and deputy attorney general of Pakistan and directed them to file para wise comments on a constitutional petition filed by M/s Puma Energy Pakistan (Pvt) Ltd against demand notice on import of gasoline.

On 16 October 2020, during the hearing, Hyder Ali Khan appeared on behalf of the petitioner and argued that petitioner is an oil marketing company duly licensed under the ministry of energy and procures petroleum products from local refineries as well as imports such products for distribution throughout Pakistan.

You might also like

Gold price jumps Rs5,700 per tola

22/08/2026

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

22/08/2026

He stated that in August 2020, the petitioner sought to import 4007,819 MT of motor gasoline and upon the arrival at the bonded warehouse, the petitioner requested customs officials to release the said prior to the finalization of customs formalities, the petitioner furnished pay order for advance payment of taxes and duties, including the petroleum levy, for the early release of the motor gasoline.

He submitted that through pay orders calculated as the prevailing rate at the time was Rs21.70 per liter, the petitioner paid the requisite, petitioner removed 1448 MT dated Sep 16, 2020 and further removed 1541.7 MT on same date, however, 1081 MT remains to be removed.

He further argues that petitioner has been stopped from removing and claimed that petitioner was liable to pay the petroleum levy at Rs27. 99 per liter under the new notification for the motor gasoline removed after Sep 16, 2020.

Citing chairman FBR, collector of customs Preventive and deputy collector of Customs of Preventive as respondents, petitioner pleaded the court to declare that the impugned demand notice dated Oct 02, 2020 is mala fide and has been issued without lawful authority and is of no legal effect.

Related Stories

Gold price jumps Rs5,700 per tola

byCT Report
22/08/2026

KARACHI: Gold prices surged in both international and domestic markets, with the price of gold rising by $57 per ounce...

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

byCT Report
22/08/2026

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal for virtual asset service providers. The move completes...

KP approves Digital Payment Act to promote cashless economy

byCT Report
22/08/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Khyber Pakhtunkhwa Promotion of Digital Payment Act 2026, aiming to promote digital...

Aurangzeb, SRF delegation, discuss investment opportunities, economic cooperation

byCT Report
22/08/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with a high-level delegation of the Silk...

Next Post

Video surveillance solution to monitoring without human intervention: Member IR  Dr. Ashfaq

  • 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.