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2016 (10) TMI 764 - HC - Central ExciseRegular bail - Section 439 of the Code of Criminal Procedure - offences punishable under Sections 9(1) (b), (bb), (bbb) and Section 9(1)(c) of the Central Excise Act, 1994 - Held that: - considering the nature and gravity of accusation made against the applicant in the First Information Report and other papers as also considering the fact that the applicant is ready and willing to deposit ₹ 50,00,000/-, at this stage, without prejudice to his rights and contentions, before the concerned the Central Excise Department towards the duty leviable under the Central Excise Act, this Court is of the view that discretion is required to be exercised in favor of the applicant for grant of bail. Moreover, the applicant assures that he will abide by the terms and conditions that may be imposed by the Court and shall not commit any breach. Hence, the present application is allowed and the applicant is ordered to be released on regular bail in connection with Investigation No. INV/DGCEI/VRU/33/2016-17 conducted by DGCEI, Vadodara and registered with the Gorva Police Station, Dist: Vadodara on his executing a personal bond of ₹ 10,000/- (Rupees Ten Thousand Only) with one surety of the like amount to the satisfaction of the learned Trial Court, and subject to some conditions imposed. The authorities will release the applicant only if he is not required in connection with any other offence for the time being. If breach of any of the conditions imposed is committed, the Sessions Judge concerned will be free to issue warrant or take appropriate action in the matter - application disposed off - decided in favor of applicant.
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