LG Electronics India fined ₹3.61 Cr by Customs

LG Electronics India Ltd has received an Order-in-Original from the Principal Commissioner of Customs (Import), Mumbai, dated October 30, 2026. The order pertains to the classification of Commercial Signage Display, with the customs authority reclassifying the goods under CTH 85285900 instead of the company's adopted classification. This reclassification attracts a higher Basic Customs Duty (BCD) and Integrated Goods and Services Tax (IGST). Consequently, the company has been ordered to pay a differential customs duty demand of ₹3,61,30,064, a redemption fine of ₹40,00,000, and a penalty of ₹5,00,000. LG Electronics India is currently evaluating the implications of this order and considering its course of action.