https://www.taxtmi.com/caselaws?id=237349 The Court held that the authorities did not have the power to pass an interim order of attachment of bank accounts under Section 121 of the Customs Act, 1962. It was determined that while Section 121 allows for confiscation of sale proceeds of excisable goods, it does not explicitly authorize the interim attachment of bank accounts pending investigation. The Court emphasized that such authority was not envisaged under the Customs Act, directing the authorities to proceed against the petitioners within legal boundaries. As a result, the suspension of the petitioners' bank accounts was deemed unsustainable, and the writ petition succeeded without costs imposed on either party. en-us Wed, 07 Aug 2013 00:00:00 +0530 Mon, 09 May 2016 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237349 The Court held that the authorities did not have the power to pass an interim order of attachment of bank accounts under Section 121 of the Customs Act, 1962. It was determined that while Section 121 allows for confiscation of sale proceeds of excisable goods, it does not explicitly authorize the interim attachment of bank accounts pending investigation. The Court emphasized that such authority was not envisaged under the Customs Act, directing the authorities to proceed against the petitioners within legal boundaries. As a result, the suspension of the petitioners' bank accounts was deemed unsustainable, and the writ petition succeeded without costs imposed on either party. Case-Laws Customs Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237349