Details of the Order

On July 27, 2026, the company received an Order-in-Original dated July 21, 2026, issued by the Office of the Commissioner of Customs, Nagpur, Maharashtra. The order confirms a demand against the company for differential customs duty.

Financial Details of the Demand

The confirmed demand comprises three components:

  • Differential Customs Duty: ₹7,74,60,071
  • Interest on the duty: ₹54,74,037
  • Penalty: ₹1,16,19,020

Total Financial Demand: ₹2,45,53,128

The penalty was levied under Section 28(5) of the Customs Act, 1962. The basis for the action was the alleged misclassification of goods under the Customs Act.

Payment Status

A key detail disclosed is that the company had already paid the entire amount of differential custom duty, along with the applicable interest and penalty, before the issuance of this order.

Stated Impact

As per the disclosure, the company assesses that this penalty "neither have any material impact on the financials of the Company nor have any impact on operational or other activity of the Company."

Document and Company Details

NSE Symbol: LLOYDSME

Author: Akshay Vora, Company Secretary

The full disclosure is also available on the company's website at www.lloyds.in.