2018 (3) TMI 1444

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....i Heights, Flat No.602, 6th Floor, Dr. D.B. Marg, Mumbai Central, Mumbai400008. Dear Sir, Sub. : Summons from DRI instructions for not allowing debits from the account's in the name of Rajuram Purohit. Ref. : F.No. DRI/MUZ/C/INT1902017, Dated 18.01.2018. With reference to the above, we wish to inform you that, today officials from Directorate of Revenue Intelligence approached us and issued summons and directed us that "provide to this office with the details of all the accounts in the name of Shri Rajuram Purohit and his relatives. The debits from all the said accounts may be stopped immediately till further notice from our office, and informed that this may be treated as summons issued under Section 108 of Customs....

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.... some other parties, was responsible for smuggling 57 kgs of gold bars valued at Rs. 16.96 crores. They were concealed in 57 air conditioners. In fact, great effort had to be made to detect and then seize them. It is in these circumstances and alleging that there is a syndicate indulging in such activities and on several occasions in the past they had smuggled gold, that the authority was authorized to write to the bank and proceed as above. 3. Thus, money generated by way of smuggling of gold bars was found to be pumped into the banking channel through cheque discounting. It is to discard that practice, that present step has been taken. Mr. Jetly would invite our attention to Sections 110, 120 of Customs Act, 1962 to submit that there i....