LSLenskart Solutions544600Tax or GST

Customs Order-in-Original: ~₹13.17 crore demand towards differential duty and penalty

Lenskart has received a customs Order-in-Original from the Principal Commissioner of Customs, IGI Airport, New Delhi.

By ScoutQuest · Fri 16 Oct 2026, 3:47 PM IST · 2 min read

Customs Duty Demand

~₹6.59 crore

Penalty Imposed

~₹6.58 crore

Total Quantifiable Demand (Duty + Penalty)

~₹13.17 crore, excluding unquantified interest

What happened

• Lenskart Solutions Limited has received an Order-in-Original dated September 18, 2026, passed by the Office of the Principal Commissioner of Customs, Air Cargo Complex, IGI Airport, New Delhi.
• The company received the order on October 15, 2026.
• The order relates to the classification of certain imported optical eyeframes with clip-on.

The quantifiable demand

• Customs duty: ~₹6.59 crore
• Penalty: ~₹6.58 crore
• Total quantifiable demand towards customs duty and penalty: ~₹13.17 crore
• Interest is applicable but has not been quantified in the order, and the amounts are subject to reconciliation with the operative portion of the order.

What the dispute is about

• The company classified the imported product under the eyewear category HSN 9003.
• The authority has rejected that classification, reclassified the product under HSN 9004, and determined the applicable differential customs duty, interest and penalty in respect of the relevant Bills of Entry.

What the company says

• It believes the order is contestable and intends to challenge it before the appropriate appellate authority in accordance with applicable law.
• It classified the product based on the product's nature, value composition, functionality and applicable provisions under the Customs Tariff Act, including the General Rules of Interpretation, supported by a legal opinion.
• It expects a favourable outcome.
• It states the order has no material impact on operations.
• The matter has already been disclosed as a contingent liability in the audited financial statements for the year ended March 2026.

How to read this

• The order is a demand raised by the customs authority and the company has stated it will contest it. The figure of ~₹13.17 crore is the quantifiable duty and penalty, before interest.
• The company has already reflected this matter as a contingent liability in its audited financial statements for the year ended March 2026, and its stated position is that operations are not materially impacted.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev