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Issues: Whether the applicant was entitled to regular bail under Section 439 of the Code of Criminal Procedure, 1973 in connection with the customs inquiry.
Analysis: The application was considered in light of the nature of the allegations, the role attributed to the applicant, and the circumstances of the case. The request for bail was opposed on the basis of the gravity of the offence, but the Court found the case fit for exercise of discretion in favour of release on regular bail. The Court imposed monetary deposits and other protective conditions to secure the prosecution's interest.
Conclusion: The applicant was granted regular bail subject to the stated conditions.