Applicants granted bail for possession of foreign gold. Bail allowed due to jail time served.

The High Court granted bail to the applicants u/s 135(1)(a) & 135(1)(b) for possession of foreign origin gold without paying custom duty. The Court, without expressing opinion on merits, considered material on record, punishment under the Act, and period spent in jail. Bail application allowed with conditions. Prosecution can move bail cancellation application for breach of conditions. .....

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