https://www.taxtmi.com/caselaws?id=46585 Drawback amounts credited to a dedicated account became the petitioner's property, so customs could not direct the bank to withhold them merely because an investigation into alleged fraud was pending. In the absence of any statutory power, or any order from a competent court or authority, the instruction to freeze the account was unauthorised and without jurisdiction. The bank likewise had no legal basis to comply with that direction. The impugned letter was quashed, the petitioner was entitled to withdraw the money in the account, and interest at 20% per annum was ordered on the withheld amount, payable by customs and the bank equally. en-us Wed, 07 May 2003 00:00:00 +0530 Thu, 22 Jul 2010 15:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46585 Drawback amounts credited to a dedicated account became the petitioner's property, so customs could not direct the bank to withhold them merely because an investigation into alleged fraud was pending. In the absence of any statutory power, or any order from a competent court or authority, the instruction to freeze the account was unauthorised and without jurisdiction. The bank likewise had no legal basis to comply with that direction. The impugned letter was quashed, the petitioner was entitled to withdraw the money in the account, and interest at 20% per annum was ordered on the withheld amount, payable by customs and the bank equally. Case-Laws Customs Wed, 07 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46585