D.K.Jain, J.

1. This appeal, under Clause X of the Letters Patent, is directed against judgment and order dated 23-11-2005, passed by the learned single Judge, dismissing the writ of Habeas Corpus, filed by the appellant.

2. The appellant is the Managing Director of one M/s. Sundesh Springs Pvt. Ltd., Ludhiana. Specific information was received by the Directorate of Revenue Intelligence, Regional Unit, Ludhiana that the appellant was engaged in availing fraudulent credits under the Duty Entitlement Pass Book scheme (for short, DEPB scheme), introduced by the Government of India, with the object of encouraging exports. It was alleged that the appellant was misdeclaring the value and description of the goods exported by procuring fake and false bills through one Prabhjot Singh, who was operating three firms, under the name and style of M/s. S. P. Industrial Corporation; M/s. Aaysons (India) and M/s. P. J. Sales Corporation, Ludhiana. The information indicated that non-alloy steel bars, rods etc. of value ranging from Rs. 15.00 to Rs. 17.00 per kilogram were exported in the guise of alloy steel forgings, bars, rods etc. by declaring the value thereof at Rs. 110.00 to Rs. 150.0