LGEINDIALG Electronics India Ltd.
LG Electronics India hit with ₹61.30 lakh customs duty demand
- Legal
- consumer electronics
Reviewed byRachit TripathiBlacklitt Research
LG Electronics India (NSE: LGEINDIA) received an Order in Original from the Principal Commissioner of Customs (Import), Mumbai, confirming a differential customs duty demand of ₹61.30 lakh, it said in a filing on 31 Oct 2026. The order rejects the company's classification of commercial signage displays and denies a 0% duty exemption.
What the order decides
The Order in Original is dated 30 Oct 2026 and follows Show Cause Notice No. 117/2026-27 dated 22 May 2026. The adjudicating authority rejected the company's classification of Commercial Signage Display under CTH 85285200 and denied the benefit of Notification No. 24/2005-Cus., which provides for basic customs duty at 0%.
The goods have been reclassified under CTH 85285900, which attracts basic customs duty at 10% and IGST at 28%. The order concerns Bill of Entry No. 2178521 dated 17 Feb 2024, so the dispute covers an import made more than two years before the order.
The amounts in the order
The adjudicating authority confirmed a differential customs duty demand of ₹61.30 lakh, imposed a redemption fine of ₹40 lakh and levied a penalty of ₹5 lakh on the company. The filing lists the three amounts separately, and the company says the order has resulted in each of them.
The company says it is evaluating the implications of the order and the appropriate course of action. The order is a decision of a customs authority on one bill of entry, and the filing presents it as a matter for the company to respond to.
What the order means for LG Electronics India's shareholders
The amounts in the order are small set against the company's market value of ₹1,12,771 crore at the 30 Oct 2026 close. The filing ties the order to one import and to the classification of one product, and it does not describe any other customs matter.
Not stated: whether the company will appeal the order or pay the demand and fines, when any payment falls due, and whether any provision has been made for them. The next step the filing names is the company's own evaluation of the order.
At a glance
| Item | Detail |
|---|---|
| Authority | Office of the Principal Commissioner of Customs (Import), Air Cargo Complex, Sahar, Andheri (East), Mumbai |
| Order in Original dated | 30 Oct 2026 |
| Show cause notice | No. 117/2026-27 dated 22 May 2026 |
| Bill of Entry | No. 2178521 dated 17 Feb 2024 |
| Differential customs duty demand | ₹61.30 lakh |
| Redemption fine | ₹40 lakh |
| Penalty | ₹5 lakh |
| Reclassified heading | CTH 85285900, basic customs duty 10%, IGST 28% |
Filed with NSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
