https://www.taxtmi.com/caselaws?id=48149 The court granted bail to the applicant in a case involving a bailable offence under Section 135(1)(ii) of the Customs Act, 1962. Despite opposition citing the non-bailable nature of the offence, the court considered the completion of investigation, the applicant's custody duration, and recent legal developments. The bail was contingent on the applicant depositing 50% of the hefty compounding fee, with conditions for exoneration post-trial. The case highlighted the seriousness of the offence involving customs duty evasion and public exchequer loss, emphasizing the court's cautious approach towards white-collar crimes impacting public finances. en-us Fri, 02 Nov 2007 00:00:00 +0530 Sat, 20 Dec 2014 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48149 The court granted bail to the applicant in a case involving a bailable offence under Section 135(1)(ii) of the Customs Act, 1962. Despite opposition citing the non-bailable nature of the offence, the court considered the completion of investigation, the applicant's custody duration, and recent legal developments. The bail was contingent on the applicant depositing 50% of the hefty compounding fee, with conditions for exoneration post-trial. The case highlighted the seriousness of the offence involving customs duty evasion and public exchequer loss, emphasizing the court's cautious approach towards white-collar crimes impacting public finances. Case-Laws Customs Fri, 02 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48149