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Zaki Industrial Corporation challenges Valuation Ruling 863/2016 in SHC

Zaki Industrial Corporation challenges Valuation Ruling 863/2016 in SHC

KARACHI: The Zaki Industrial Corporation moves the Sindh High Court (SHC) challenging the Valuation Ruling 863/2016.

The Sindh High Court (SHC) issued the notices to the Tax Department and Deputy Attorney General on a constitutional petition filed by the Zaki Industrial Corporation challenging the impugned valuation ruling No: 863/2016 dated 02/06/2016 for enhancement of the valuation of toilet soap.

Hearing the petition, a two-member bench directed that their respective para-wise comments be filed on the next date of hearing.

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

However petitioner is seriously aggrieved with the valuation ruling 863/ 2016 dated 02/06/2016 in supersession of valuation ruling No: 737 of 2015 dated 27/05/2015. It has filed a revision petition before the directorate general of valuation which is completely ignorant of the factual and legal narrations which has enhanced the valuing of said goods.

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