2023 (6) TMI 660 - BOMBAY HIGH COURT

Grant of Bail - overvaluation of goods which were being exported, claiming higher rate of duty drawback and other incentives - correct transaction value in terms of section 14(1) of the Customs Act, 1962 or not - HELD THAT:- There is no material on record to indicate that the Applicants had availed higher rate of duty drawback on the shipping bills. The Applicants have appeared before the Authority and the statement of the Applicants has been recorded on various dates. Considering the nature of accusations this would not be a case for custodial interrogation.

The Applications are allowed on the terms and conditions imposed with following:-

(a) In the event of arrest of the Applicants - Shri. Nitish Kumar Roy and Shri. Yadavendra Kumar Roy they shall be released on bail on furnishing bail bonds in the sum of Rs. 50,000/- each with one or two sureties in the like amount.