SHC suspends demand notice by Customs, restrain from coercive action

KARACHI: A customs appellate bench of High Court of Sindh headed by Justice Mahmood A. Khan on Wednesday suspended a demand notices issued to Ghouri Tyre and Tubes Private Limited by the Collector of Customs, Model Customs Collectorate (MCC), East. The bench earlier heard Imran Iqbal Khan Advocate who maintained… Continue reading

Customs values of synthetic rubber revised

KARACHI: Directorate of Customs Valuation has revised the customs values of synthetic rubber (SBR) and (NBR) vide valuation ruling No.1091/2017. Customs values of synthetic rubber (SBR & NBR) were earlier determined vide Valuation Ruling No.912/2016. An upward trend in the international prices of subject goods was noticed therefore, an exercise… Continue reading

Customs values of synthetic rubber revised

KARACHI: The director customs valuation Wasif Memon has revised the customs values of synthetic rubber vide valuation ruling No.912/2016. Customs values of synthetic rubber (NBR & SBR) were determined earlier vide valuation ruling No. 772/2015. The trade community has been demanding revision of prices of this commodity owing to downward… Continue reading

Samaira Director General Directorate General Customs Valuation rejects revision petition

KARACHI: Samaira Nazir Khan Director General Directorate General of Customs Valuation Karachi has rejected the revision petition of Khuram Azhar, proprietor of Astrontech Inc. Lahore under Section 25D of Customs Act. 1969 against Valuation Ruling regarding Synthetic Rubber ‘NBR’ and ‘SBR’ imported from United Arab Emirates. In the order it… Continue reading