HC denies bail to persons accused of Customs Duty evasion

Hitesh Nagwani Vs Directorate of Revenue Intelligence (DRI) (Madhya Pradesh High Court) From the record, it appears that the allegations of evasion of huge amount of customs duty have been levelled against the applicants, as according to the re­spondent, actual value of goods imported by undervalua­tion on the basis of using fabricated invoices is Rs.11,93,03,316/- (rupees eleven crore ninety three lakh three thousand three hundred sixteen) and the value of miss-declared goods is around Rs.1,07,29,025/- (rupees one crore seven lakh twenty nine thousand twenty five) whereas the quantum of cus...