Encashment of guarantee: SHC issue notices for March 27

KARACHI: An appellate bench of High Court of Sindh issue notices to the Collector Customs, West for March 27 in a petition filed by Wellco International which imported a consignment of LED lights.

According to details, SHC ordered provisional release of the LED lights but suddenly custom officials made fresh assessment and raised demands against Customs Duty, Sales Tax etc to the tune of rupees 1.2 to 1.7 million.

A lawyer from Franklin Law Associates appearing for the petitioner maintained that as per section 81 of Pakistan Customs Act 1969 the re-assessment can be made within a period of 6 months and once this period expires, no action can be taken.

He also sought a stay against encashment of bank guarantee stating that at least one such guarantee has been en-cashed by the respondent custom officials.

The bench comprising Justice Muniob Akhtar and Justice Mrs Ashraf Jahan restrained custom officers from encashment of bank guarantee till disposal of the instant petition. The bench later fixed March 27 for further proceedings.

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