Bank Account cannot be continued to be freezed after Expiration of Limitation Period

Goodmatric Export Pvt. Ltd. Vs Union of India And Others (Bombay High Court) From a perusal of the impugned letter dated 08.05.2019, it is seen that during the course of the investigation it had come to the notice of the Directorate of Revenue Intelligence, Kolkata Zonal Unit that petitioners had opened an account with respondent No.3 and for that reason, the said account of the petitioners was required to be kept under ‘debit freeze’. It was mentioned that the letter was issued in terms of section 110 of the Customs Act, 1962. However, even this letter does not indicate that activities of...