Anil Kumar Anand vs Commissioner Of Customs (Preventive)

The Supreme Court upheld the orders of the Principal Commissioner of Customs and CESTAT regarding the revaluation of imported goods under the Customs Act, 1962, specifically citing Section 28 for recovery of duties. The court established that the method of valuation under Rule 7 and Rule 9 of the Customs Valuation Rules, 2007 was correctly applied, rejecting the appellant's claims of improper implementation. The court affirmed the imposition of differential duty and penalties on the appellant and its directors, thereby dismissing the appeal.