LGEINDIA2026-10-31LGEINDIA2026-10-31ActionsTakenOrOrdersPassedDomain1LGEINDIA2026-10-31ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain1LGEINDIA2026-10-31SignatoriesDomain1iso4217:INRxbrli:pureLGEINDIALG ELECTRONICS INDIA LIMITED544576NOTLISTEDINE324D01010NewAction(s) taken or orders passed (sub-para 20)false2026-10-3019:07:002026-10-31Imposition of fine or penaltyStatutory AuthorityOffice of the Principal Commissioner of Customs (Import), Air Cargo Complex, Sahar, Andheri (East), Mumbai – 4000991Listed Entity (Self)LG ELECTRONICS INDIA LIMITEDEmailThe Company has received an Order-in-Original pursuant to Show Cause Notice No. 117/2026-27 dated May 22, 2026, wherein the adjudicating authority has rejected the classification adopted by the Company of Commercial Signage Display under CTH 85285200 and denied the benefit of Notification No. 24/2005-Cus., providing for BCD @ 0%. Accordingly, the Customs Department has reclassified the said goods under CTH 85285900, attracting BCD @ 10% and IGST @ 28%, in respect of Bill of Entry No. 2178521 dated February 17, 2024. Consequently, the adjudicating authority has confirmed a differential customs duty demand of ₹61,30,064/-, imposed a redemption fine of ₹40,00,000/- and levied a penalty of ₹5,00,000/- on the Company. 2026-10-30The Company has received an Order-in-Original pursuant to Show Cause Notice No. 117/2026-27 dated May 22, 2026, wherein the adjudicating authority has rejected the classification adopted by the Company of Commercial Signage Display under CTH 85285200 and denied the benefit of Notification No. 24/2005-Cus., providing for BCD @ 0%. Accordingly, the Customs Department has reclassified the said goods under CTH 85285900, attracting BCD @ 10% and IGST @ 28%, in respect of Bill of Entry No. 2178521 dated February 17, 2024. Consequently, the adjudicating authority has confirmed a differential customs duty demand of ₹61,30,064/-, imposed a redemption fine of ₹40,00,000/- and levied a penalty of ₹5,00,000/- on the Company.February, 2024The Order-in-Original has resulted in a differential customs duty demand of ₹61,30,064, a redemption fine of ₹40,00,000/- and a penalty of ₹5,00,000/. The Company is evaluating the implications of the order and the appropriate course of action.The matter pertains to the classification of Commercial Signage Display imported by the Company. The Adjudicating Authority has rejected the classification adopted by the Company and denied the benefit of the applicable customs notification, resulting in reclassification of the goods and confirmation of differential customs duty liability.4500000The Order-in-Original has imposed a redemption fine of ₹40,00,000 and a penalty of ₹5,00,000 on the Company, in addition to the differential customs duty demand of ₹61,30,064."Not applicable, except for the redemption fine and penalty as disclosed above.The Company is evaluating the implications of the order and the appropriate course of action.NilAnuj GoyalCompany Secretary and Compliance Officer2026-10-31Noida