SHC orders provisional release of PVC tape subject to securing of differential amount
KARACHI: Provisional release of PVC Electrical Insulation tape was ordered by a customs appellate bench of High Court of Sindh after securing of disputed amount of duty and taxes before the concerned collectorate in the shape of pay order or bank guarantee.
The bench comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan earlier heard Rana Shakawat advocate appearing for the petitioner Muhammad Rasheed. The counsel submitted that the custom officials are assessing their consignment under Valuation Ruling 1382 of 2019 dated 15-7-2019 at a rate of US $ 1.55 cents while according to petitioner the value shall be determined at rate of US $ 1.15 cents.
The said valuation ruling has been challenged before the DG Valuation. The counsel for petitioner prayed for release of the consignment on ground that petitioner is ready to pay disputed amount before the custom collectorate concerned.
The bench allowing the request asked the customs to provisional release after securing disputed amount of duty and taxes. The bench also issued pre-admission notices to the respondents for Nov 08.