Case Law Details
K.Vinodhkumar Vs Commissioner of GST and Central Excise (Madras High Court)
Learned counsel for writ petitioner draws the attention of this court to Sub Rule (3) of Rule 86 A and submits that on a demurrer that even if the attachment is for a valid reason under 86 A, the same elapsed on 17.02.2021, on expiry of one year from the date of imposing of restriction.
Learned counsel for writ petitioner submits that Rule 86 A is akin to a provisional attachment in other fiscal statutes as it is in the nature of blocking prior to assessment and therefore the timeline vide Sub Rule (3) of Rule 86 A operates.
Junior Standing Counsel for Central Excise and Customs, fairly submits on instructions that the electronic credit ledger of the writ petitioner will be unblocked today or latest by close of working hours tomorrow. Learned counsel for writ petitioner submits that this douses the complaint of the writ petitioner in the captioned writ petition and that in effect means curtains down on the captioned main writ petition.
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