https://www.taxtmi.com/caselaws?id=445380 The HC upheld the validity of the Respondents' communication dated 19th October 2023, under Section 110(5) of the Customs Act, 1962, regarding the attachment of the Petitioners' bank accounts. The Court imposed conditions for the Petitioners to secure a fixed deposit of Rs. 1.50 crore in favor of the revenue and execute a bond to protect against liabilities. Upon fulfilling these conditions, the Respondents are to defreeze the bank accounts. A show cause notice must be issued within six months, with proceedings completed within a year. The Writ Petitions were disposed of without costs, keeping all contentions open for future consideration. en-us Wed, 01 Nov 2023 00:00:00 +0530 Tue, 07 Nov 2023 08:54:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445380 The HC upheld the validity of the Respondents' communication dated 19th October 2023, under Section 110(5) of the Customs Act, 1962, regarding the attachment of the Petitioners' bank accounts. The Court imposed conditions for the Petitioners to secure a fixed deposit of Rs. 1.50 crore in favor of the revenue and execute a bond to protect against liabilities. Upon fulfilling these conditions, the Respondents are to defreeze the bank accounts. A show cause notice must be issued within six months, with proceedings completed within a year. The Writ Petitions were disposed of without costs, keeping all contentions open for future consideration. Case-Laws Customs Wed, 01 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445380