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Goods dutiable—Regulatory duty—Date of determination of rate of import duty—Scope—Petitioners claimed entitlement to benefit under SRO 806(I)/2022, dated 20-06-2022— Validity—Federal Government had imposed 10% regulatory duty on import of motor spirit vide SRO 806(I)/2022, dated 20-06-2022 subject to the condition that the duty shall not be levied on cargoes for which Letter of Credit had been established before the effective date i.e. 20-06-2022 or carrier vessels of which were in high seas before promulgation of SRO 806(I)/2022—SRO 806(l)/2022, dated 20-06-2022 was a protection to those transactions which were already at the verge of being materialized i.e. either Letter of Credits had been established or in relation to which “commercial tr...
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