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Issues: Whether the applicant was entitled to bail in view of the allegations of forgery, import of prohibited goods without valid licence, customs duty evasion, and the stage of investigation.
Analysis: The order records that the allegations were serious, supported by material collected during investigation, and involved import of explosive or prohibited items and substantial customs duty evasion. The investigation was still in progress, and the Court considered that release on bail would not be in the interest of society. The order also notes the contention regarding authority to investigate in the Special Economic Zone context, but the bail request was rejected on the overall assessment of seriousness and evidentiary material.
Conclusion: The applicant was not entitled to bail and the application was dismissed.