CENTRAL BOARD OF REVENUE AND Another vs MESSRS KAGHAN IMPEX AND Other

This matter concerns a petition for leave to appeal filed by the Central Board of Revenue against Messrs Kaghan Impex. The core legal question before the Supreme Court of Pakistan involves the interpretation, scope, and legal effect of paragraph 7(5) of the Import Policy Order dated 1-7-1979, specifically in light of the subsequent amendment introduced by S.R.O. 1040(1)/80, dated 13th October 1980. Upon hearing the parties, the Court determined that the case presented substantial questions of law worthy of further examination. Consequently, the Court granted leave to appeal to resolve the ambiguity surrounding the regulatory provisions governing imports. As an interim measure to preserve the subject matter of the dispute pending final adjudication, the Court ordered that the operation of the impugned judgment be suspended. The Court further directed that the appeal be prepared on the existing record, with liberty for the parties to submit additional documentation, and prioritized the matter for an expedited hearing within the calendar year to ensure timely resolution of the regulatory dispute.