COLLECTOR OF CUSTOMS, KARACHI versus FAISAL ENTERPRISES, KARACHI
Sections 25, 27 and 196 Transaction Value Assessment of Movable Goods was considered by the authorities on the basis that the value of the transaction should have been applied at the time of the previous bonding. The importer's declaration was lower than the transactional value, although after evaluating the goods for the reason of this review, the price was considered between the Iron and Steel Merchants Association and the customs authorities. Was. Authorities later could not claim that the goods should be appraised on the basis of transaction value. Customs authorities first accepted the importer's request that the goods could not be assessed according to the agreements. On the basis of the terms of section 25 (5) of the Customs Act, 1969, on the basis of the values of the same goods and not the arms of section 25 (1) of the Customs Act, 1969, the High Court has decided on Customs, Excise. And refused to interfere with the order passed by the Sales Tax Appellate Tribunal.
Related judgments — Karachi High Court Sindh, 2014
