KARACHI: Collector Appraisement East Majid Yousfani has dispatch Deputy Collector Ali Waheed to Islamabad as he, before Supreme Court of Pakistan, would counter the petitions of importers for availing stay against the encashment of bank securities.
The Sindh High Court had dismissed as many as 121 petitions filed by iron and steel importers challenging the regulatory duty on the import of several goods vide amendment to SRO 568(I)/2014. These importers had submitted the bank guarantees equivalent to the regulatory duty against the provisional release of their consignments.
Deputy Collector Rana Ali Waheed pursued the case and it was due to his efforts the case was so strong that the High Court dismissed the petitions.
Sindh High Court had given the opportunity to these importers to file an appeal before the apex court by September 10, 2015.
However, Lahore High Court suspended the imposition of Regulatory Duty enforced via SRO 601(I)/2015 effective to the extent of Collectorates falling within the jurisdiction of Lahore High Court.
Resultantly, the importers diverted their shipments to Lahore dry port in order to avoid Regulatory Duty. Sindh High Court in interim order had advised the importers to deposit the differential amount with the Nazir of the Court or submit bank guarantees against provisional release of goods.
The government had imposed regulatory duty ranging 5.0 percent to 15 percent on several items being imported from China under free trade agreement (FTA). The regulatory duty was in excess of already settled duty and taxes.