The Central Board of Indirect Taxes & Customs (CBIC) on July 22, 2024, issued instructions regarding provisional attachment of bank account(s) Section 110 (5) of the Customs Act,1962.
The following has been stated: -
•The provisional attachment of a bank account is resorted to protecting the interests of the revenue and may also affect the business and functioning of the person whose bank account is provisionally attached, it may endeavor that in all such cases, the investigation and adjudication are completed at the earliest, well within the period of attachment, so that the due liability of duty/tax, as well as interest, penalty, etc. arising upon adjudication, can be recovered from the person and the purpose of attachment is achieved.
The detailed instructions are given in the document below.
[Instruction No. 19/2024-Customs]
