2018 (7) TMI 1745

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....or the petitioner. Mr. K. K. Maiti. for the Union of India. This is an application for relaxation and/or modification and/or waiver of conditions of bail vide order dated 9th July, 2018 passed by this Court in CRR 3327 of 2018 thereby enlarging the petitioner on bail in connection with Case No.C-216 of 2018 arising out of DGCEI F. No.29/KZU/KOL/GR.D of 2018 dated 13th May, 2018 under Section....

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.... to comply with the condition. Mr. Sekhar Basu, learned senior counsel has straightway invited my attention to the provision of Section 158 of the Central Goods and Services Act, 2017 providing for compounding the offences and points out that the amount of compounding the offences under this section shall be such as may be prescribed subject to the minimum amount not being less than Rs. 10,000/....

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....ion for certain criminal offences prescribed under Section 132 of CGST/SGST Act, 2017. The provisions as shown to this to me are undoubtedly very very stringent nittigrity of laws of the provision in this Act. In rebuttal, Mr. Basu draws my attention in his argument that provision of Section 75 relating to general provisions for determination of tax is also required to be looked into. If one gi....

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....f Rs. 39 crore to the Government Exchaquer through the competent authority is modified to the extent that Sanjay Kumar Bhuwalka the petitioner on condition shall deposit 50% of the evaded amount of Rs. 27 crore. Similarly, the petitioner Neeraj Jain would deposit Rs. 6 crore being the 50% of evaded amount of Rs. 12 crore as a condition to obtain bail. It is also pointed out by Mr. Basu assisted....