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 reply on petitions filed by several importers against wrong valuation

byM.B. Rana
17/12/2018
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) directed customs officials and deputy attorney general and directed them to file their para-wise comments on petitions filed by several importers including M/s Raja Steel against wrong valuation of iron & steel products as secondary quality instead of prime quality.

On December 15, 2018, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter. During the hearing, counsels for petitioners submitted that they are engaged in the import of, among others, prime quality iron & steel products which are covered/assessed under chapter 72 of Pakistan Customs Tariff under the relevant sub-chapter headings of “others” as opposed to secondary quality iron & steel products, which are specifically and expressly mentioned by their nomenclature i.e “secondary quality”.

You might also like

IMF forecasts slower growth, higher inflation for Pakistan

09/05/2026

Govt raises petroleum levy; taxes hike petrol, diesel prices

09/05/2026

Importers further argued that during the course of their business, the petitioners imported consignments of prime quality from China and received import documents in respect thereof, having arranged for the consideration thereto to be paid against proper banking channel.

Counsels further stated that the petitioners’ prime quality goods whilst lying on the port or either being on their way its representatives have been informed that such consignments are to be assessed as those of “secondary quality” on account of directives as contained in the public notice no 03/2018, whereby the second respondent has issued the so-called “guidelines” for the purported purpose of streamlining and facilitating the determination of secondary quality iron & steel products with effect from 10/11/12018.

Citing Chief Collector Appraisement South, Collector of Customs Appraisement West and East as respondents, importers pleaded the court may declare that act of the respondents is illegal, mala fide and restrained them from taking any coercive action against it till final order in these petitions.

 

Related Stories

IMF forecasts slower growth, higher inflation for Pakistan

byCT Report
09/05/2026

ISLAMABAD: The International Monetary Fund has projected slower economic growth and higher inflation for Pakistan, highlighting the need for continued...

Govt raises petroleum levy; taxes hike petrol, diesel prices

byCT Report
09/05/2026

ISLAMABAD: The government has increased the levy on petroleum products, adding to the cost burden on consumers and making petrol...

Experts urge expansion of Third Schedule in sales tax regime

byCT Report
09/05/2026

ISLAMABAD: Tax experts, economists, and business leaders called for major reforms in Pakistan’s sales tax regime in the upcoming federal...

FPCCI felicitates nation, Pak Army on one year of Marka-e-Haq

byCT Report
09/05/2026

LAHORE: The Federation of Pakistan Chambers of Commerce and Indsutry (FPCCI) and United Business Group (UBG) Saturday felicitated the entire...

Next Post

Peshawar Customs I&I nabs FIA inspector from Bacha Khan Airport involved in money laundering

  • 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.