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Zaki Industrial Corp moves SHC challenging valuation ruling 863/2016

Zaki Industrial Corp moves SHC challenging valuation ruling 863/2016

KARACHI: M/s Zaki Industrial Corporation has moved the Sindh High Court (SHC), challenging impugned valuation ruling no: 863/2016 dated 2/6/2016 through which the valuation of toilet soap had been enhanced.

During proceedings of the court, counsel for the petitioner stated in its constitutional petition that it is engaged in the lawful business of import of toilet soap from various countries of the world, including Dubai.

However, the petitioner is serious aggrieved due to the valuation ruling 863/ 2016 dated 02/06/2016, which superseded the valuation ruling no 737 of 2015 issued on 27/05/2015. The petitioner filed revision petition before directorate general of valuation, which is ignorant of the factual and legal narrations, and had enhanced the values of the said goods.

Citing Secretary Revenue Division, Collector of Customs Appraisement East, Collector of Customs Appraisement West, Directorate of Valuation, the Directorate General of Valuation as respondents, he pleaded the court to declare that act of the customs officials as illegal, mala fide and arbitrary. The counsel for the petitioner also pleaded the court to set aside the impugned valuation ruling.