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    <title>Regarding clarification regarding contract under PIR, 1986</title>
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    <description>A purchase order that contains the essential ingredients of a valid contract-free consent of competent parties, lawful consideration, lawful object, and not being void under statute-shall be treated as a deed of contract for the purpose of Regulation 5 of the Project Import Regulations, 1986; importers must apply for registration at the port and furnish the original deed along with a true copy, and pending cases should be finalized accordingly.</description>
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