https://www.taxtmi.com/forum/issue?id=114386 Practices report that a competent authority may direct banks to freeze accounts during investigations into allegedly fraudulent drawback or IGST refund claims, with SCNs normally issued after investigation and freezes released if no objectionable material is found. However, a legal view notes the Customs Act contains no express sanction to prevent banking operations, making such freezes susceptible to judicial challenge where statutory authority is absent. en-us Fri, 07 Dec 2018 12:09:05 +0530 Thu, 23 Jan 2025 15:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114386 Practices report that a competent authority may direct banks to freeze accounts during investigations into allegedly fraudulent drawback or IGST refund claims, with SCNs normally issued after investigation and freezes released if no objectionable material is found. However, a legal view notes the Customs Act contains no express sanction to prevent banking operations, making such freezes susceptible to judicial challenge where statutory authority is absent. Discussion-Forum Customs Fri, 07 Dec 2018 12:09:05 +0530 https://www.taxtmi.com/forum/issue?id=114386