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M/s Crete Sol moves SHC against Valuation Ruling No: 874/2016

M/s Crete Sol moves SHC against Valuation Ruling No: 874/2016

KARACHI: The Sindh High Court (SHC) issued notices to the Tax Department and Deputy Attorney General on a constitutional petition filed by M/s Crete Sol (Pvt) Ltd against the determination of customs values of “ceramic & porcelain tiles” over and above 12.5% of the Valuation Ruling No: 874/2016 by the Director General of Valuation.

A two-member bench, headed by Justice Munib Akhtar, was hearing the petition.

Earlier, counsel for the petitioner stated that it is engaged in the import and trade of goods of “Ceramic & Porcelain Tiles”. He was informed by the Customs Department that Director General, Directorate General of Customs Valuation, Customs House Karachi, revision proceedings under section 25 D wherein the DG, has no jurisdiction of customs values of subject good over and above 12.5% of the valuation ruling no 874/2016 dated 22/06/2016.

Citing to Chairman, Federal Board of Revenue, Collector of Customs Model Customs Collectorate West, Collector of Customs Model Customs Collectorate East, Collector of Customs Model Customs Collectorate Port Muhammad Bin Qasim and Director General, Directorate General of Customs Valuation, Customs House Karachi as respondents, petitioner pleaded with the court to kindly declare that act of the respondents illegal, mala fide and arbitrary. They also pleaded with the court to restrain the Customs Department from collection of enhanced valuation till the final decision of its petition and from any coercive measures against the petitioner.