2024 (2) TMI 997

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....stered with Inspector (Anti Evasion), CGST, Rajkot for the offences punishable under Sections 132(1)(b), 132(1) (c) and 132(1)(1) of the Central Goods and Service Tax Act, 2017. 2. Heard learned Senior Advocate Mr. N.D. Nanavaty appearing with learned Advocate Mr. Apurva N. Mehta for the Applicant, learned Advocate Ms. Hetvi H. Sancheti appearing on behalf of Respondent No. 2 - Inspector (Anti Evasion) Central Excise & CGST HQ, Rajkot and learned APP Mr. L.B. Dabhi appearing on behalf of the Respondent - State. 3. Learned Advocate for the Applicant has submitted that the Applicant is involved in the legitimate business of trading in copper scrap, brass scrap, etc. and is not involved in any kind of illegitimate activities. The Applicant h....

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....rned Advocate Ms. Hetvi Sancheti appearing for Respondent No. 2 has opposed the Application contending inter alia that the fraud in question is of huge amount in the sum of more than Rs. 67.72 Crores, which is a systematic fraud and there are other similar such transactions had taken place previously also. She has tendered an Affidavit on behalf of the Respondent No. 2 and submitted that fictitious firms were created and opened in the name of the present Applicant and his wife and the benefit of input tax credit was availed in the names of the said fictitious firms. She therefore submitted to dismiss the present Application. She has placed on record the Affidavit opposing the present Application which is ordered to be taken on record. Affid....

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....heard the learned Advocates for the parties and perusing the record produced in this case as well as taking into consideration the facts of the case, nature of allegations, gravity of accusation, availability of the Applicant Accused at the time of Trial etc. and the role attributed to the present Applicant accused, the present Application deserves to be allowed and accordingly stands allowed. This Court has also gone through the FIR and police papers and also the earlier order passed by the learned Sessions Court where the learned Sessions Judge has disallowed the bail Application at initial stage. The Applicant Accused is ordered to be released on bail in connection with the aforesaid FIR on executing a personal bond of Rs. 10,000/- with ....