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2022 (12) TMI 257 - HC - GSTSeeking grant of Regular Bail - fraudulent transfer of Input Tax Credit (ITC) without actual supply of corresponding goods - HELD THAT:- In the facts of the present case, during search proceedings, the incriminating material relevant for the investigation purpose have been seized and recovered by the department. The applicant is in custody since 24.02.2022 and after filing the complaint before the Magesterial Court, there is no progress in the trial and it will take considerable time. The entire case is based on documentary evidence. The department failed to point out that further custody of the applicant is necessary. The department has already recovered and seized Rs.64 lakhs and the applicant has shown his bonafide to deposit amount of 10%. In such circumstances, considering the facts and circumstances of the present case and the role attributed to the present applicant, when investigation qua him is virtually over, keeping him behind bar would not serve any further purpose. The present application is allowed and the applicant is ordered to be released on regular bail on executing a personal bond of Rs.10,000/-, with one surety of the like amount to the satisfaction of the learned Trial Court and subject to the conditions imposed.
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