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Issues: Whether the petitioner was entitled to bail in a case involving alleged illegal possession and recovery of gold bullion under the Customs Act.
Analysis: The petitioner was in custody for more than six months, had clean antecedents, and chargesheet had already been submitted. The prosecution relied on statements recorded under the Customs Act and the alleged recovery of gold bullion, while the petitioner denied ownership and disputed the alleged incriminating material. Considering the facts and circumstances, the Court found bail to be justified, subject to conditions ensuring presence at trial and safeguarding the evidence.
Conclusion: Bail was granted to the petitioner on furnishing the stipulated bail bond and sureties, subject to the imposed conditions.