Lenskart Solutions has been hit with a Rs 13.17 crore customs demand following a classification dispute over imported optical frames. The customs department reclassified the products from HSN 9003 to 9004, triggering additional duty and penalties. Lenskart plans to contest the order, stating that it has already accounted for this as a contingent liability.
Lenskart Faces Rs 13.17 Crore Tax Demand
Total demand: Rs 13.17 crore | Pending interest: Not yet quantified.
Reader Takeaway: Lenskart to challenge customs reclassification of optical frames, citing prior disclosure as a contingent liability.
What just happened
Lenskart Solutions Limited has received an Order-in-Original from the Office of the Principal Commissioner of Customs in New Delhi. The order, dated September 18, 2026, was officially received by the company on October 15, 2026. The department has demanded Rs 13.17 crore, split between differential customs duty of Rs 6.59 crore and an equal penalty amount of Rs 6.58 crore.
Why this matters
The dispute centers on the HSN (Harmonized System of Nomenclature) classification of imported eyeframes with clip-ons. While Lenskart classified these items under HSN 9003, customs officials reclassified them under HSN 9004. This reclassification led to the demand for differential duties. The company maintains its original classification was correct, based on product functionality, value composition, and independent legal advice.
Risks to watch
While the company has stated that the order has no material impact on its operations, a potential liability remains. The order also excludes interest charges, which could increase the final financial burden should the appeal be unsuccessful. The regulatory uncertainty regarding product classification could also influence future import valuation processes.
What to track next
Lenskart has announced its intention to appeal the order before the relevant appellate authority. Investors should monitor subsequent filings regarding the outcome of these legal proceedings and any further quantifying of the interest component by the authorities.