JUDGMENT

FAISAL ARAB, J.-In August, 2006 the petitioner imported a consignment of dry battery cells from China. The battery cells which carried brand name "King" were imported by petitioner under the authorization of petitioner's sister concern Diamond Impex Corporation, the owner of the brand. When the consignment reached Karachi Port, the petitioner filed his Goods Declaration for clearance on 30-10-2006, however the consignment was not released as the Customs Authorities had received an offer under section 25C of the Customs Act for the purchase of the consignment from respondent No. 5, a local manufacturer of dry battery cells. The offer was almost double the value declared in the Goods Declaration. The Customs Authorities issued notice to the petitioner on 6-11-2006 seeking various quaries in order to verify .the value of the imported consignment. The said notice was responded. by the petitioner vide his letter dated 7-11-2006 but the requisite information sought from the petitioner was -n...