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SHC issues notices on petition filed by M/s Yasir Chemical challenging VR No 1091/2019

SHC issues notices on petition filed by M/s Yasir Chemical challenging VR No 1091/2019

KARACHI: The Sindh High Court (SHC) issued notices to the customs department and deputy attorney general on a constitutional petition filed by M/s Yasir Chemical challenging valuation ruling no 1091/2019 enhancement of value of its imported goods.

On November 2, 2019, a two-member bench, headed by Justice Aqeel Ahmed Abbasi also directed them to file their para wise comments on next date of hearing.

During the hearing, counsel for the petitioner argued that petitioner has imported consignments comprising styrene butadiene rubber (SBR 1502) synthetic rubber NBR6240 on unit value of $1.25/kg, however, respondents insisting to assess value US$ 2.0/kg to US$2.50/kg even according the operating bank has established letter of credits.

He further submitted that on arrival of the imported goods the petitioner has filed goods declaration and requested the appropriate officer working under the customs department to accept the declared value under section 25(1) of the customs act, 1969 and finalize the assessment accordingly, however, they 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 1091/2019.

Citing secretary revenue division, collector of Customs Appraisement East/ West and 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 may direct them to allow provisional release in the present and future consignments shipped and or to be shipped in term of parameters laid down by this court in other cases and restrain them from taking any coercive action against them petitioner till final order in this petition.