LG Electronics India Share Price in Focus After Receiving ₹153.57 Crore Customs Notice

LG Electronics India received a show cause notice from the Office of the Commissioner of Customs at Nhava Sheva on September 24, 2026. The notice follows an investigation by the Directorate of Revenue Intelligence (DRI).  

Customs Notice Seeks ₹153.57 Crore 

According to the notice, the customs authorities have alleged that royalty payments were not included in the assessable value of certain imported goods. The show cause notice proposes recovery of Customs duty amounting to ₹153,57,67,711/- 

The authorities have also alleged that this resulted in a short-payment of customs duty. The notice was issued on September 22, 2026, and was received by LG Electronics India on September 24, 2026.  

Company Reviewing the Matter 

LG Electronics India said the final financial impact, if any, will be known after the show cause notice is adjudicated. 

The company is reviewing the matter and plans to submit its response to the authorities within the prescribed timeline.  

LG Electronics India also said it believes that it has paid the customs duties correctly and complied with the Customs Act, 1962 and the relevant rules.  

Read More: Blue Cloud Softech Solutions Share Price Jumps Over 12% After Securing ₹147 Crore Order from IBM Cloud! 

LG Electronics Share Price Performance  

As of 25 September 2026, LG Electronics share price closed at ₹1,725.40 per share, reflecting a surge of 1.63% from the previous trading session. 

Conclusion 

LG Electronics India is facing a customs duty claim of ₹153.58 crore over the treatment of royalty payments in the assessable value of certain imported goods. The company is reviewing the notice and will submit its response to the authorities. LG Electronics India has also stated that it believes the customs duties were paid in full and in compliance with the applicable rules. No penalty has been imposed at this stage.   

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