"The provisional sequestration of the Commander in Chief Julius Malema by the High Court does not disqualify him to stand for public office, as some sections of the media suggested," the party said in a statement on Monday.
The party said before the 26 of May, Malema will challenge the provisional sequestration and if not successful, the party will appeal the decision until the highest court of the land.
The party said it believed the sequestration by SARS remains part of a continuous onslaught to silence the agenda of economic freedom.
"In addition, it seeks to disqualify the most vibrant and radical representative voice of the disadvantages, fighter Julius Malema from serving in parliament."
"The South African Revenue Services continues to be used by those in the ruling party who fear to meet EFF and the CIC in particular on the ballot, and now want to use courts to take the inevitable electoral victory of the EFF led by the CIC out of the race. The EFF and CIC must be met in elections and rejected by the electorate, not by SARS or the courts."