JUDGMENT

B.N. Chaturvedi, J.—In anticipation of his arrest, on account of being involved in fraudulent evasion of customs duty to the tune of Rs. 4.64 crores by way of mis-declaration and under valuation in respect of import of MPEG cards in the names of four firms, namely, M/s. Shri Krishna Impex, M/s. Damodar Enterprises, M/s. Marcos Enterprises and

M/s. Nav Durga Enterprises, the petitioner seeks grant of pre-arrest bail under Section 438, Cr.P.C.

2. The petitioner is running an office by the name of M/s. Everything International at his residential premises bearing No. C-163, Greater Kailash, Part-I, New Delhi, which was raided by the officials of the respondent, Directorate of Revenue Intelligence (DRI), on 3rd of June, 2004 in connection with investigation in regard to import of MPEG cards by aforesaid firms by misdeclaring and under valuing the same as PCB. On being so required, the petitioner appeared before the concerned DRI officials at 1300 hrs. on the same very day to join investigation when he allegedly made a voluntary statement under Section 108 of the Customs Act admitting that the aforesaid firms importing the MPEG cards by misdeclaring and under valuing the same