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LG Electronics India received an Order-in-Original from Customs reclassifying imports and imposing a ₹40 lakh redemption fine and ₹5 lakh penalty. A differential duty demand of ₹61.30 lakh was also confirmed.
LG Electronics India received a customs Order-in-Original imposing duty, fine and penalty totalling Rs 1.06 Crore. The company is evaluating the order.
LG Electronics India received a Show Cause Notice from the Customs Department proposing a recovery of Rs. 153.58 Crore. The notice alleges short-payment of customs duty on imported goods.
LG Electronics India received a favorable ITAT order deleting tax additions for five financial years. The decision resolves outstanding tax demands without adverse operational impact.
LG Electronics India received a favorable order from ITAT deleting tax additions of approx ₹1,305 Crore. The decision results in no adverse business impact.
LG Electronics India received a GST order dismissing a Rs.116.72 Cr demand. No financial or operational impact is expected from this regulatory closure.
LG Electronics India received a ₹116.72 Crore GST show cause notice for FY 2021-22. The company intends to contest the alleged excess input tax credit claim.