KARACHI: The Sindh High Court has reserved the judgment pertaining to powers of Director Valuation for increasing customs value in the presence of Valuation Ruling.
A SHC appellate bench, comprising Justice Munib Akhtar and Justice Arshad Hussain Khan, reserved the judgment while hearing a number of constitution petitions filed by importers and Special Customs Reference Applications filed by Customs Collector.
The petitioners maintains that the Director Valuation of Pakistan Customs has no powers to order collection of customs duty and other taxes on enhanced value and assessment shall be made on the basis of declared value as per section 25 of the Customs Act 1969.
The SCRA’s were filed by the department challenging the decision of the Special Customs Appellate Tribunal.
The petitioners include FAMS Enterprises & others, Asad Corp, Javed Electronics, Master Tiles & Ceramic Industries Ltd and Indus Pencil Industries (Pvt) Ltd.
Pakistan Customs was represented by Masooda Siraj advocate while Kashif Nazeer, Ghulam Hyder Shaikh, Talal Tariq Khurshid, Muhammad Khalil Dogar, Aqeel Ahmed Khan, Umair A.Qazi, Lubna Pervez, Muhammad Rashid, Sakhavat Ali, Altamash Arab, Asad Raza Khan appeared for the petitioners.
