SHC issues notice for Aug 02 in petition against attachment of accounts
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muhammad Iqbal Kalhoro and Justice Khadim Hussain Shaikh on Thursday issued notice for August 02 in a petition filed by Mobile Traders, a Lahore based company in a case pertaining to recovery of rupees 3,869,948.
Citing the Collector Customs, Appraisement, West, Deputy Collector Customs and Collector of Appeals as respondents, the petitioner maintained that they have imported different consignments of Titanium Di-Oxide between August 2005 till January 2006.
The petitioner filed the GD and consignments were released on payment of Custom Duty at a rate of 5 per cent while exemption from other taxes and Income Tax were claimed.
The petitioner maintains that later the custom officials raised a demand of rupees 3,869,048 being short payment. The petitioner maintained that they have also filed an appeal before the Collector Appeals but without further process, their account has been attached on 2-6-2016 which halted all business activity of the petitioner.
The petitioner maintains that according to respondent Customs, Appraisement West, Karachi, they have to pay custom duty at a rate 15 per cent and Income tax at a rate of 6 per cent but petitioners deprived the national kitty by claiming benefit under SRO 621 (1) of 2005.
The bench today after initial hearing while issuing notices to the respondent custom officials fixed Aug 02as date for next hearing.