Special Customs Appellate Tribunal reserves judgment in 16 identical appeals

KARACHI: A two member Special Customs Appellate Tribunal comprising Nadeem Qureshi (Member Judicial) and Member Technical Nazim Saleem reserved judgment in 16 identical appeal filed by importers of hardware items.

Shaikh Ghulamullah advocate appearing for the appellants submitted that at the time of placement of order for import Valuation Ruling  697 of 2014 was in place which determined the customs value at a rate of US $ 1.4 per kilogram but later before clearance the value was increased 250 times to US $ 3.11 per kilogram under Valuation Ruling  1075 of 2017 in respect of Knob and Handle  Lock (Non-electric) of China origin.

He submitted that in the intervening period prices of raw material used in manufacturer of imported consignment items fell substantially and thus upward revision and 250 pc enhancement in duty was uncalled for.

The tribunal after hearing the sides, reserved the judgment.

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