2025 (8) TMI 70

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..... The allegation against the present petitioner is that his firm M/s VLR Corporation has issued goods-less invoices involving input tax credit of Rs. 7,19,68,871/- without any underlying supply of goods during the period of April, 2018 to March 2025 to 48 beneficiary firms. 3. Heard learned counsel for the petitioner, learned Standing counsel for the Department and perused the material available on record. 4. Learned counsel for the petitioner submits that the petitioner has falsely been implicated in this case. The charged offence against the petitioner is bailable and compundable upto amount of Rupees five crore under Section 138 of the relevant Act and having maximum punishment of five years and exclusively triable by the Judicial Magi....

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.... Vs. Union of India, S.B. Cr. Misc. Bail Appl. No. 9590/2023 decided on 3.8.2023; (10) Pradeep Kumar Bansal Vs. Union of India S.B. Cr. Misc. Bail Appl. No. 12093/2020 decided on 4.11.2020; (11) Ankur Agrawal Vs. Union of India & Anr. S.B. Cr. Misc. Bail Appl. No. 6128/2025 decided on 16.6.2025; (12) Parvej Vs. Union of India, S.B. Cr. Misc. Bail Appl. No. 16267/2024 decided on 24.2.2025; (13) C. Pradeep Vs. Commissioner of GST & Central Excise Anr Anr., (2021) 19 SCC 547 6. Per contra Standing Counsel for DGGI has vehemently opposed the bail application and submitted that the petitioner is found involved in economic offence which is to be dealt with iron hands as such offences affect the economic fabric of the whole country, ....

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.... It is no doubt true, that an allegation is made with regard to the transportation of unmanufactured tobacco and it is alleged that such procurement of unmanufactured tobacco is for clandestine manufacture and supply of zarda without payment of leviable duties and taxes. Though it is further contended that in the process of the investigation, the transportation of a larger quantity of unmanufactured tobacco weighing about 35,57,450 kgs. is detected, these are all matters to be established based on the evidence, in the trial. 6. In considering the application for bail, it is noted that the petitioner was arrested on 21.07.2022 and while in custody, the investigation has been completed and the charge sheet has been filed. Even if it is tak....