LG Electronics India Fights ₹11.9 Crore Customs Duty Demand
LG Electronics India Limited received a customs order demanding ₹11.91 crore in differential duty, interest, and penalties due to a gap in assessable value of imported goods. The company received the order on January 16, 2026, and plans to appeal, stating it does not expect a material financial impact.
While the company states no material impact is expected, a demand of over ₹11 crore for duty, interest, and penalties is significant and could affect cash flow or profitability if the appeal is unsuccessful.
The company is contesting a significant customs duty demand, but management believes it will not materially impact financials and plans to appeal, indicating a neutral stance on the immediate outcome.
LG Electronics India Limited has received an Order in Original (OIO) from the Office of Commissioner of Customs (NS-V), Jawaharlal Nehru Customs House, Nhava Sheva, Mumbai.
The order, dated January 8, 2026, levies a demand of differential duty amounting to ₹11,91,51,910 (Rupees Eleven Crore Ninety-One Lakh Fifty-One Thousand Nine Hundred Ten only), along with applicable interest and penalty.
The company received the OIO on January 16, 2026. The demand is based on a gap in the assessable value of imported goods. The customs authority alleges a violation or contravention related to this gap.
Despite the demand, LG Electronics India Limited's management does not reasonably expect the orders to have any material impact on the company's financials, operations, or other activities. The company plans to file an appeal, expressing confidence in the merits and legal standing of its case.
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