M/s Byco Petroleum served notice for recovery of Rs552.68 million
KARACHI: MCC preventive Karachi has served a notice on M/s Byco Petroleum Pakistan for the deposit of disputed amount in compliance with the order of the Sindh High Court. MCC Preventive has directed M/s Byco Petroleum to submit Pay Order equal to the above amount of Rs552.68 million including Sales Tax of Rs385.05 million and Petroleum Levy of Rs167.632 million . The matter of supplies of High Speed Diesel (HSD) by M/s Byco Petroleum Pakistan Limited came for hearing before the Sindh High Court. The Court issued an interim order: "In the meanwhile, request of the petitioner for allowing the petitioner to supply the HSD oil to its Tugboats subject to securing of disputed amount of sales tax and other charges before the concerned Collectorate in the shape of pay order/bank guarantee, shall be considered in accordance with law and compliance may be furnished before this court on next date." In compliance of the orders of the court, M/s Byco Petroleum Pakistan was allowed to file and process Shipping Bill for supply of HSD to tug boats.