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Customs Appellate Tribunal postpones hearing of reference filed by M/s Yarkan

Customs Appellate Tribunal postpones hearing of reference filed by M/s Yarkan

ISLAMABAD: Customs Appellate Tribunal’s division bench dated in office hearing of a customs reference for rehearing of M/s Yarkan’s case decided in favor of Collectorate of Customs, Islamabad.

Customs Appellate Tribunal’s Member Technical, Muhammad Nasir Khan and Syed Muhammad Anwar heard the matter and dated in office for post Eid proceedings.  The case was carrying matter about alleged misevaluation of imported goods.

M/s Yarkan had filed the case against Collectorate of Customs, Islamabad. The appellant had challenged a decision announced by departmental adjudication in which it had maintained to seize imported fabric items by M/s Yarkan.

The adjudication had found the import of guilty of misevaluation of imported goods. The decision stated that the items were cleared for value & 3.75/kg, however the inquiry found its actual value as of Rs5/kg. Thereby, a difference of Rs281,163,4 had occurred in evaluation of cost-duty ratio.

With the said findings, the adjudication maintained to seize the imported fabric items. The appellant had challenged the decision before the tribunal and a single bench of the tribunal. Now the matter was likely to be taken soon by the tribunal.