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M/s Kontinental Establishment moves SHC for release of security money

M/s Kontinental Establishment moves SHC for release of security money

KARACHI: The Sindh High Court (SHC) has issued notices to the customs authorities and deputy attorney general on a constitutional petition filed by M/s Kontinental Establishment, seeking release of security money.

While the hearing of the petition, a two-member bench, comprising Justice Munib Akhtar and Justice Umer Sial, also directed them to file their respective para wise comments on the next date of hearing. The court also adjourned the matter for October 9, 2017.

Earlier, counsel for the petitioner stated that petitioner is importer of UPS from China and fulfills all the liabilities properly, it purchased SAKO Brand UPS from China and filed goods declaration according with law, however, respondents assessed the goods higher value under the garb of a time barred valuation ruling number 831/2016.

Counsel argued that it paid extra amount as security money and now petitioner moved for recovery of said amount.

Citing Secretary Revenue Division, Collector of Customs Appraisement East, Deputy Collector of Customs Appraisement and Director General Valuation as respondents, petitioner pleaded the court may direct the officials to release security money.