1. Petitioner has filed this fourth bail application under Section 439 Cr.P.C.

2. F.I.R. No.DGGI/JZU/INV/GRH/GST/109/2019-20 was registered with the Directorate General of Goods and Service Tax Intelligence, Jaipur Zonal Unit (Raj.) for offence under Sections 132 (1)(b),(c)(f) & (1) of the Central Goods and Services Tax Act, 2017 read with Section 132(1)(I)(IV) further read with Section 135(5) of the Central Goods and services Tax Act, 2017

3. It is contended by counsel for the petitioner that petitioner has remained in custody for a period of about one year and seven months. Maximum sentence provided under the Goods and Services Act is five years. Out of list of twenty witnesses, statement of only one witness has been recorded so far.

4. Learned counsel for Union of India has opposed the fourth bail application. It is contended that the matter pertains to passing of input tax credit to the tune of more than ₹ 127 crore.

5. I have considered the contentions.

6. Considering the contentions put forth by counsel for the petitioner, I deem it proper to allow the fourth bail application.

7. This fourth bail application is, accordingly, allowed and it is directed that accused-petitioner shall be released on bail provided he furnishes a personal bond in the sum of ₹ 1,00,000/- (Rupees One Lac only) together with two sureties in the sum of ₹ 50,000/- (Rupees Fifty Thousand only) each to the satisfaction of the trial Court with the stipulation that he shall appear before that Court and any Court to which the matter be transferred, on all subsequent dates of hearing and as and when called upon to do so.