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 suspends recovery notice on petition by M/s Fazal Cloths Mills

byM.B. Rana
16/08/2018
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) has suspended notice to recover Rs2,643, 463 from the petitioner issued by customs officials on a sales tax return petition filed by Fazal Cloths Mills Private Limited.

While the hearing of matter on August 15, 2018, a two-member bench, headed by Justice Aqeel Ahmed Abbasi, also directing them to file their respective para wise comments on next date of hearing.

You might also like

Pakistan secures $7.3b loan rollovers from Saudi Arabia, China & Kuwait

05/11/2026

Pakistan seeks two winter LNG cargoes worth $200m

05/11/2026

During the hearing, counsel for the petitioner submitted that it imported a consignment of raw and ginned cotton and filed Goods Declaration according to law, however, customs officials issued notice to the petitioner and alleged that petitioner claimed the benefits of SRO 1125(1)/2011 on the consignment and paid sales tax @ 2% and income tax @ 1%.

Counsel argued that customs officials also alleged that it was not entitled do the benefit of SRO 1125 (1)2011 in the light of the amending SRO 1561(1)2013. He also submitted that customs officials also claimed that applicant evaded the duty and taxes in the tune of Rs2,643,463. He argued that applicant moved application before the appellant tribunal for alleged recovery notice, however, appellant tribunal dismissed its application.

Citing Customs Appellant Tribunal, Additional Collector of Customs Adjudication, Collector of Customs Adjudication, Collector of Customs Adjudication-II, Collector of Customs Appraisement East, Deputy Director Group-IV Customs Collectorate East as respondents, he pleaded the court to set aside impugned order of the appellant tribunal and suspended impugned recovery notice issued by customs officials.

Related Stories

Pakistan secures $7.3b loan rollovers from Saudi Arabia, China & Kuwait

byCT Report
05/11/2026

ISLAMABAD: Pakistan has secured assurances for the rollover of $7.3 billion in loans from Saudi Arabia, China and Kuwait, easing...

Pakistan seeks two winter LNG cargoes worth $200m

byCT Report
05/11/2026

KARACHI: Pakistan has started procuring liquefied natural gas (LNG) for the winter season, inviting international suppliers to bid for two...

FBR chairman announces end of super tax in phases

byCT Report
05/11/2026

ISLAMABAD: The federal government plans to abolish the super tax in phases, Federal Board of Revenue (FBR) Chairman Rashid Mahmood...

FIA cannot arrest loan defaulters without banking court ruling

byCT Report
05/11/2026

LAHORE: The Lahore High Court (LHC) has barred the Federal Investigation Agency (FIA) from initiating criminal proceedings against bank customers...

Next Post

Customs Preventive submits interim charge-sheet in betel nuts smuggling case

  • 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.