LG Electronics India gets Customs Show Cause Notice over Rs 153.58 cr duty claim

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LGEINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹1699.00

prior close

₹1726.60

announcement price

In-mkt

timing

Nifty Midcap 150market-0.1%+1.7% vs market

Household Appliances peers, median of 23sector+0.4%+1.2% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Midcap 150 and 1.2 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.9

15m

-0.7

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6-0.1+1.7+0.4+1.2

Next day

+1.9-1.8+3.7-0.4+2.2

+2.4-2.7+5.2-1.4+3.8

+0.7-2.7+3.4-2.9+3.6

+0.8-3.7+4.4-4.8+5.6

+4.8-3.2+7.9-3.7+8.5

+5.1-2.8+7.9-2.2+7.3

15d

+0.3-4.3+4.6-3.6+3.9

-4.6-7.4+2.7-8.8+4.2

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UpDownMarket · Nifty Midcap 150Sector · Household Appliances peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

LG Electronics India has received a Show Cause Notice from the Customs Commissioner at JNCH Nhava Sheva, alleging royalty payments were not included in the assessable value of certain imported goods. Following a DRI investigation, the notice proposes recovery of about Rs 153.58 crore in customs duty. No penalty has been imposed yet. The company plans to respond within the prescribed timeline and believes it has fully complied with the Customs Act.

Likely market impact

Customs duty dispute of about Rs 153.58 crore at notice stage; no penalty yet. Outcome of company response could affect stock sentiment.