KARACHI: M/s Naveed Impex has approached the Sindh High Court (SHC) and filed a petition against enhancement of valuation of its imported consignments comprising citric acid monohydrate/ anhydrous on unit value of $1.00 per kg instead of US$ 0.55 per kg under the garb of impugned valuation ruling no 1015/2017.
On 23 January 2020, counsel for the petitioner stated that petitioner has imported consignments comprising of citric acid monohydrate/ anhydrous on unit value of $0.55 per kg, on arrival of the impugned goods the petitioner has filed goods declaration under section 79 of the customs act, 1969 and requested the appropriate officer working under customs officials to accept the declared value and finalize the assessment accordingly.
He further submitted that however, the customs officials without confronting the declared transaction value has denied to accept the same and proposed to assess the duty and taxes on the basis of impugned valuation ruling no 1015/2017 @ $0.75 to 1.00 kg even the goods imported thorough bank account.
He said that impugned goods are declared at US$ 1.00 as against assessed value at $0.55 per kg which is much higher than the prices actually prevailing internationally.
Citing chairman FBR, the Collector of Customs Appraisement East, the Director Directorate General of Customs Valuation as respondents, petitioner pleaded the court to declare that act of the respondents is illegal, mala fide and arbitrary.
He further pleaded the court to restrain them from any coercive action against the petitioner in respect of the past closed consignments and direct the respondents to issue delay detention certificate and grant any other relief deemed just and appropriate in the circumstances of the case.