SHC allows release of securities

KARACHI: The release of provisional securities was ordered here on Tuesday by a division bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Arshad Hussain while hearing a petition filed by Hilal Weaving Factory.

The petitioner moved the court for implementation of a order in original passed by the appellate authority in respect of fabric which was imported temporarily and meant for re-export. The petitioner/importer sought exemption from Sales Tax under SRO 492 0f 2011 which was allowed by the appellate forum.

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