https://www.taxtmi.com/caselaws?id=340202 The court quashed the letters directing the freezing of the petitioner's bank accounts, citing the lack of legal basis and absence of a show cause notice. The petitioner was allowed to operate the accounts upon providing security of Rs. 10 crore. The court emphasized the importance of due process and ruled in favor of the petitioner's business operations, while preserving the DRI's investigative rights regarding the alleged diversion of duty-free imported gold. en-us Thu, 16 Mar 2017 00:00:00 +0530 Sat, 30 Dec 2017 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340202 The court quashed the letters directing the freezing of the petitioner's bank accounts, citing the lack of legal basis and absence of a show cause notice. The petitioner was allowed to operate the accounts upon providing security of Rs. 10 crore. The court emphasized the importance of due process and ruled in favor of the petitioner's business operations, while preserving the DRI's investigative rights regarding the alleged diversion of duty-free imported gold. Case-Laws Customs Thu, 16 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340202