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An update from LG Electronics India Limited ( (IN:LGEINDIA) ) is now available.
LG Electronics India Limited has disclosed that the Office of the Commissioner of Customs (NS‑V) at Nhava Sheva, Mumbai has issued an order demanding differential customs duty of about Rs 11.92 crore, along with applicable interest and penalty, arising from an alleged gap in the assessable value of imported goods. The company received the order on January 16, 2026, but its management does not expect any material impact on its financials, operations or other activities, and intends to appeal the decision, asserting that it has strong grounds on both facts and law; stakeholders are therefore likely to view the issue as a manageable regulatory dispute rather than a significant business risk at this stage.
More about LG Electronics India Limited
LG Electronics India Limited operates in the consumer electronics and home appliances industry, offering a wide range of products including televisions, home entertainment systems, home appliances, and related electronic solutions for the Indian market. The company is a key subsidiary of LG Electronics, focusing on manufacturing, importing, and distributing its products across India through both offline and online retail channels.
Average Trading Volume: 89,998
Learn more about LGEINDIA stock on TipRanks’ Stock Analysis page.