KARACHI: The Special Customs Appellate Tribunal comprising Member, Judicial Nadeem Qureshi and Member Technical Nazim Saleem on Monday reserved orders in two urgent applications filed by Swan International and Zainab Enterprises.
The applicants who imported “Copper Filter Dryers used with CFX, Non CFX Refrigeration Gases” moved the urgent applications praying to the court to stay the encashment of surety bonds of differential amounts in possession of the Custom Authorities till disposal of their appeals (757 and 758 of 2017) by the Special Customs Appellate Tribunal, Karachi.
Ghulamullah Shaikh Advocate of Franklin Law Associates representing applicants/appellants maintained that respondent Director Custom instead of determining the custom values unilaterally fixed the value under Valuation Ruling 1103/2017. This was blatant violation of section 25-A of the Customs Act 1960, the counsel submitted praying the court to stay the encashment .
The bench after hearing the sides reserved order on the applications.