COLLECTOR OF CUSTOMS versus ZAMAN PAPER BOARD MILLS LTD
The provisions of Sections 30 and 156 (57) of the Customs Act, 1969 provide that on the day of the bill entry submission, the bond will not be placed in the warehouse and this duty will be payable at the rate received at that date. Bonded warehouse duties will be payable at the present rate at the date of extraction of goods from the warehouse, in the current situation, the entry was replaced with the details not included in the relevant bills of goods. The violation of the law was removed without payment of duty, the date of declaration for removal of the goods from the bonded warehouse should be taken as the date of the unbounding, which should be compared with the actual day rate and the customs authorities A higher rate should be charged. Such reduction will receive a penalty equal to five times the duty imposed on the goods allowed by the appellants.
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