KARACHI: The release of a consignment of Bukrram, zippers was ordered to be released as per data available in a petition filed by Taipan International.
A bench of Sindh High Court earlier heard counsel from Franklin Law Associates appearing for the petitioner company. The counsel submitted that item was not listed or mentioned in the Valuation Ruling. During hearing of a revision application, the DG Valuation ordered assessment under guide line issued by him at a rate of US $ 4.10 while previously or ordinarily its custom duty comes around US $ 2,10.
The counsel also submitted that the assessment under guide line is unlawful and imposition of custom duty and taxes under it would cause huge loss to the petitioner/importer. The bench after hearing the sides ordered assessment and release of the consignment as per data available.