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2021 (2) TMI 389 - HC - CustomsGrant of Bail - Evasion of Customs Duty - undervaluation of imported goods - fabricated invoices - circular No.28/2015 dated 23.10.2015 - HELD THAT:- From the record, it appears that the allegations of evasion of huge amount of customs duty have been levelled against the applicants, as according to the respondent, actual value of goods imported by undervaluation on the basis of using fabricated invoices is ₹ 11,93,03,316/- and the value of miss-declared goods is around ₹ 1,07,29,025/- whereas the quantum of customs duty is ₹ 7,22,00,000/-. This Court is of the considered opinion that since the charge is yet to be filed and one of the accused persons namely Uttam is still at large, it would not be appropriate for this Court to release the applicant at this stage of investigation - This Court is of the considered opinion that at this stage, no case for grant of bail is made out. However, the applicants are at liberty to renew their prayer after the charge sheet is filed. Application dismissed.
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