LG Electronics India receives show-cause notice over Rs 153.58-cr customs duty
Headline by Prism · from 1 report
LG Electronics India received a show-cause notice for Rs 153.58 crore in customs duty related to royalty payments.
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Telangana TodayThe brief
Written by software from the 1 report below.
- LG Electronics India received a show-cause notice from customs authorities regarding the valuation of imported goods.
- The demand stems from an investigation into the exclusion of royalty payments from the assessable value of these imports.
- The company is also facing separate scrutiny regarding the classification of imported OLED glass screens.
- These regulatory actions highlight ongoing challenges for electronics manufacturers in India regarding duty compliance.
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NamedIndia · LG Electronics India · Samsung · Directorate of Revenue Intelligence · Office of the Commissioner of Customs
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