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Issues: Whether the petitioner, accused of offences under the Customs Act, 1962, was entitled to bail under Section 439 of the Code of Criminal Procedure, 1973, and whether the fact that the case involved an economic offence warranted refusal of bail.
Analysis: The petition involved a non-bailable offence, so the grant of bail depended on judicial discretion informed by the nature and seriousness of the accusation, the stage of investigation, the character of the evidence, and the likelihood of the accused fleeing from justice or tampering with evidence. The Court reiterated that personal liberty is a constitutional value, that bail is not to be withheld as a form of punishment, and that there is no inflexible rule classifying economic offences as a separate category for automatic denial of bail. The investigation had been completed, the goods had already been seized, the complaint had been filed, and the principal witnesses were official witnesses. The Court found no sufficient basis to apprehend flight or interference with evidence.
Conclusion: Bail was granted to the petitioner; the plea that the matter was an economic offence did not by itself justify continued custody.
Final Conclusion: The petitioner was released on bail subject to furnishing bond and surety, and the bail application was disposed of accordingly.
Ratio Decidendi: In a non-bailable case, bail must be decided on a cumulative assessment of relevant circumstances, with primary weight given to the risk of absconding and tampering with evidence, and economic offence alone is not a statutory ground for denying bail.