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Freezing bank account

Customs - Started By: - satbir singhwahi - Dated:- 7-12-2018 Last Replied Date:- 11-12-2018 - SirDy commissioner of cutoms preventive,mumbai has directed bank to freeze bank account.As they are investigating the drawback and igst refund taken by expo .....

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r of the Competent Authority. In such case, if it is detected that the amount of drawback or refund(fraudulently claimed) is part of bank account and incriminating docs are found during investigation, the SCN is issued. Normally extended period is in .....

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DARAJAN - The Reply = In my view the action of the department is correct. - Reply By YAGAY andSUN - The Reply = There is no provision in Customs Act allowing freezing a Bank Account: Delhi High Court In the case of S.B International = 2018 (2) TMI 58 .....

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period, a search was conducted by the Directorate of Revenue Intelligence (DRI) under the Customs Act in the warehouse of the Assessee regarding the illegal import of tyres. The Assessee was also called upon to produce the bank statements of the con .....

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h and Advocate D.K. Devesh submitted that the Assessee is not an importer in respect of the transactions being investigated by the DRI and the tyres were imported by another concern and the Assessee used to purchase goods from the Enterprises as he k .....

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t an importer and, therefore, cannot be held liable for any irregularity in import of the products in question. Assessee sent a letter to the DRI for requesting to de-freeze the bank account maintained by him with Axis Bank. However, the DRI refused .....

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interdicts operation of a bank account and it deprives the account holder of banking facilities. Indisputably, there is no sanction in the Customs Act for such action . The Court further observed that DRI was undoubtedly entitled to proceed with the .....

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