SHC issues pre-admission notices in polyester yarn filament case

KARACHI: Pre-admission notices were issued for Jan 22 to Customs officials in a petition filed by importers of Polyester Filament Yarn including Zakaria Enterprises, Ali Enterprises, Mubeen International and Messrs M.A.Ilyas. The bench comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan earlier heard Rayan Zia advocate who contended… Continue reading

Customs values of polyester yarn revised

KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of polyester yarn vide Valuation Ruling No.928/2016. All Pakistan Yarn Merchants Association (PYMA) Karachi contested that old Valuation Ruling No.817/2016 needs revision due to downward trend in international prices of the polyester yarn. Consequently, an exercise was initiated to… Continue reading

Customs values of polyester yarn revised

KARACHI: Director of Customs Valuation Dr. Wasif Ali Memon has revised the customs values of polyester yarn vide Valuation Ruling No 817/2016. All Pakistan Yarn Merchants Association (PYMA) contested that old Valuation Ruling No. 768/2015 need revision due to downward trend in international prices of polyester yarn. An exercise was… Continue reading

Customs values of Polyester Yarn revised downwards

KARACHI: The Director General of Customs Valuation has determined the Customs values of Polyester yarns vide Valuation Ruling No.768/2015. A valuation Ruling regarding Polyester Yarn was issued vide Valuation Ruling No.709/2015. All Pakistan Yarn Merchants Association (PYMA), Karachi contested that old Valuation ruling needs revision due to downward trend in… Continue reading

Petitions seeking revision in customs values of polyester yarn rejected

KARACHI: The Director General Customs Valuation Sameera Nazir Khan has rejected the review applications filed by several importers, who had challenged customs values of polyester yarn determined vide Valuation Ruling No.709/2015. The importers including M/s A.B International Agency, M/s IFH Enterprises, M/s J.K Traders and M/s Furqan Enterprises pointed out… Continue reading

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