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M/s Bellco Trading Company moves SHC against determination of valuation of PCB for mobile

M/s Bellco Trading Company moves SHC against determination of valuation of PCB for mobile

KARACHI: M/s Bellco Trading Company Private Limited approached the Sindh High Court (SHC) against determination of valuation of imported PCB for mobiles at US$ 13 per piece instead of $1 per piece and sought restraining order against taking any adverse order.

On June 11, 2019, counsel for the petitioner stated that petitioner is seriously and highly prejudiced by the actions of the respondents, whereby the respondents are assessing the value of imported consignment comprising PCB for mobiles at US$ 1 per pc without application of existing valuation ruling no: 1168/2017 dated 22/05/2017 in which values of the impugned goods have been determined at $13 per kg despite the fact that the valuation ruling is in the field.

He further submitted that the goods, the appropriate offer has denied to assess the value of the goods in terms of the valuation ruling no 1168/2017 and assessed the goods at US$ 1 per kg instead of US$ 13 per kg on the basis of a purported assessment alert which is not known nor confronted to the petitioner.

Citing chairman Federal Board of Revenue, The Collector of Customs MCC Appraisement West as respondents, petitioner pleaded the court may declare that assessment alert or directives of the respondents no is illegal, mala fide, confiscatory, arbitrary.

He further pleaded the court may restrain the respondents from taking any coercive action against the petitioner till final order in this petition.