LG Electronics India Faces Customs Duty Demand of ₹1.06 Crore and Penalty
LG Electronics India received an Order-in-Original from Customs demanding ₹1.06 crore in differential duty, ₹30 lakh as a redemption fine, and a penalty of ₹79.49 lakh. The company disputes the demand related to customs duty exemption and classification of a Medical Monitor. Management expects no operational impact, and an appeal will be filed.
While the company states no operational impact is expected and an appeal will be filed, the direct financial demand of over ₹1 crore for duties, fines, and penalties indicates a material, albeit potentially manageable, financial impact.
The company has been levied a significant demand for differential duty, a redemption fine, and a penalty by the customs authorities.
LG Electronics India Limited has received an Order-in-Original (OIO) from the Office of the Commissioner of Customs (NS-V), Jawaharlal Nehru Custom House, Raigad, Maharashtra. The order, dated January 15, 2026, pertains to the denial of Customs Duty Exemption Benefit and classification of a Medical Monitor.
The demand includes a differential duty of ₹1,06,33,256 under section 28(4) of the Customs Act, 1962. After deducting a voluntary payment of ₹26,83,864, the actual demand stands at ₹79,49,392.
Additionally, the company has been levied a Redemption Fine of ₹30,00,000 under Section 125(1) of the Customs Act, 1962, and a Penalty equal to the differential duty of ₹79,49,392 along with applicable interest under Section 114A of the Customs Act, 1962.
The company received this order on February 6, 2026. Despite the financial implications, the management assessment suggests that the matter is not expected to have any significant impact on the company's operations or other activities. LG Electronics India Limited intends to file an appeal before the Appellate/Judicial Authorities.
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LG Electronics India Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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