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M/s Prime Trading moves SHC for release of cold rolled coils’ consignments

M/s Prime Trading moves SHC for release of cold rolled coils’ consignments

KARACHI: M/s Prime Trading Co approached the Sindh High Court (SHC) against detention of consignments of cold rolled coils due to disputed Valuation Ruling No 1213/2017.

On July 8, 2019, counsel for the petitioner stated in his constitutional petition that petitioner is aggrieved by the act of omission and commission on part of the respondents for non-assessment of consignments as per law and, having no other efficacious remedy provided under the law.

He further argued that petitioner is importer of various steel products and for same purpose, is registered with the tax authorities, the petitioner has imported a consignment of cold rolled steel coils of secondary quality and filed goods declaration on actual/ declared transaction value under the mandate of section 25(1) of Customs Act, 1969.

He further said that respondents are bent upon to assess the customs value of subject consignments as per Valuation Ruling, No 1213/2017 under section 25A ibid, which has been set aside being declared as without lawful authority by the appropriate appellate authority.

Citing secretary Revenue Division, Chief Collector of Customs South, Appraisement East, West and Port Muhammad Bin Qasim and others as respondents, petitioner pleaded the court may declare that act of the respondents as illegal, malafide and arbitrary and direct them to release his consignments immediately and restrain them from taking any coercive action against the petitioner till final order in this petition.