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M/s Khalid Corporation approaches SHC against valuation of consignments of Nylon Yarn

M/s Khalid Corporation approaches SHC against valuation of consignments of Nylon Yarn

KARACHI: M/s Khalid Corporation has approached the Sindh High Court (SHC) against determination of values of consignments of Nylon Yarn on the basis of impugned Valuation Ruling No 1270/ 2018 wherein the value of the impugned goods are determined at US$ higher as against declared at US$ 2.62 per kg.

On August 28, 2019, counsel for the petitioner stated in constitutional petition that petitioner has imported consignments of Nylon Yarn on unit of US$ 2.62 per kg and filed goods declaration according with law and approached the officials of customs department for finalize his goods declaration and other formalities.

He further argued that however, respondents, without confronting the declared transaction has denied to accept the same and proposed to assess the duty and taxes on the basis of impugned Valuation Ruling No 1270/ 2018 wherein the value of the impugned goods are determined at US$ higher as against declared at US$ 2.62 per kg which is much higher than the prices actually prevailing internationally.

He submitted that petitioner’s consignments arrived at port and the petitioner has sought provisional release until final decision pending before the customs officials, however, they have refused such request on the basis of circular dated 22/11/2017 which is impermissible under the law despite the facts.

Citing chairman Federal Board of Revenue, the Collector of Customs Appraisement East, Director Directorate General of Customs Valuation as respondents, petitioner pleaded the court may direct them to release his consignments immediately and restrain them from taking any coercive action against the petitioner.

Counsel further pleaded the court may direct the respondents to issue delay detention certificate and grant any other relief deemed just and appropriate in the circumstances of the case.