https://www.taxtmi.com/article/detailed?id=12850 Provisional attachment under Section 110(5) allows freezing bank accounts to protect revenue or prevent smuggling only after a proper officer forms and records a reasoned opinion showing a proximate nexus to that purpose. Principal Commissioner approval is required; the order must be written, served on the bank and account holder, and specify duration. Initial attachment is six months, extendable by the Principal Commissioner for a further six months with reasons and an opportunity to be heard; accounts must be released if no longer liable. en-us Mon, 12 Aug 2024 20:21:17 +0530 Mon, 12 Aug 2024 20:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12850 Provisional attachment under Section 110(5) allows freezing bank accounts to protect revenue or prevent smuggling only after a proper officer forms and records a reasoned opinion showing a proximate nexus to that purpose. Principal Commissioner approval is required; the order must be written, served on the bank and account holder, and specify duration. Initial attachment is six months, extendable by the Principal Commissioner for a further six months with reasons and an opportunity to be heard; accounts must be released if no longer liable. Articles Customs - Import - Export - SEZ Mon, 12 Aug 2024 20:21:17 +0530 https://www.taxtmi.com/article/detailed?id=12850