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2022 (7) TMI 933 - HC - CustomsSmuggling - Foreign Gold Bars - recording of statements under Section 108 of the Customs Act, 1962 - HELD THAT:- The nature and gravity of allegation as also the fact that DRI officials have seized 3 kg gold bars worth Rs.1,58,20,500/- from the conscious possession of the present applicant and other three co-accused persons. During the search DRI officials found 3 yellow metal bars wrapped in papers from the specially built cavity under the seat adjacent to the Driver seat. Present applicant and other co-accused persons have admitted in their statements under Section 108 of the Customs Act that they have put gold bars under the seat, therefore, it may be presumed that present applicant had knowledge that smuggled gold was being carried in the said vehicle and he is involved in the illegal transaction of smuggling of huge quantity of gold. In view of the prima facie sufficient evidence available against the present applicant on record and bearing in mind that such a grave offence would cause damage to the economy of the nation and larger interest of the country, at this stage this Court is not inclined to grant bail to the present applicant, who is involved in serious offence of smuggling of huge quantity of gold. Application dismissed.
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