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Customs Appellate Tribunal directs DG Valuation to decide appeal of M/s Bicycle & Bicycle within 30 days

Customs Appellate Tribunal directs DG Valuation to decide appeal of M/s Bicycle & Bicycle within 30 days

LAHORE: The Customs Appellate Tribunal has remanded back appeal filed by M/s Bicycle & Bicycle Lahore against director valuation Karachi through, Directorate General of Customs Valuation, Customs House Lahore.

Justice ®  Malik Manzoor Hussain, Chairman/ Member Judicial heard the arguments from both sides and decided the case with remarks that the impugned order is set aside with orders to the director customs valuation Karachi to hear the stance of the appellant and decide the case within 30 days.

According to reports, the M/s Bicycle & Bicycles Lahore was imported parts of bicycle and mis-declared the value of imported goods.

During verification, the owners of the goods failed to produce documents regarding the lawful import of the bicycle parts. Consequently, the vehicle was taken into possession under the Customs Act-1969 for further verification.

After that, the adjudication authority heard the case and passed the order that the owner of the vehicle is liable to pay the duties and taxes as per show cause notice.

Being aggrieved from the order, an appeal was filed in the Customs Appellate Tribunal on the grounds that earlier order passed by the adjudication authority is not according to the law and passed without hearing arguments from appellant and liable to be set aside. After hearing the arguments, Customs Appellate Tribunal has remanded back the case to Directorate General Customs Valuation.