KARACHI: High Court of Sindh (SHC) has directed MCC Appraisement West to release the consignment of M/s Farooq Corporation, as the company has agreed to pay all duty, taxes, and penalty for release of their consignment of battery operated tricycles (Completely Built Units or CBUs). Faisal Ghani of Franklin Law Associates formed a panel of three lawyers including Ghulam Haider Shaikh, Talal Tariq and Ghulamullah to pursue the case before the Court. Faisal Ghani through their counsels submitted before the court that in order to avoid accumulation of demurrage charges, M/s Farooq Corporation was ready to pay all duties and taxes assessed by the concerned authority. Regarding penalty, Faisal Ghani agreed to furnish solvent surety in the sum of Rs0.5 million, which could be retained by the department 15 days after passing of order-in-original. Sindh High Court ordered MCC Appraisement West to release the consignment. Farooq Corporation filed the petition against Custom Valuation alleging higher rate of duty. Earlier on a previous hearing Masooda Siraj Advocate counsel for DG Valuation and Principal Appraiser Law, Ilyas Ahsan told the court that in this case Valuation Ruling 871 of 2016 is applicable which determines the value of the item in dispute at a rate of $4/kilogram. They both maintained that PCT Heading is irrelevant in this particular case when the mis-declaration of description of goods was established.