Relief for LG Electronics; Supreme Court rules classification not decisive when customs duty exemption under India-Korea CEPA applies

The Supreme Court granted relief to LG Electronics, ruling that customs duty exemption eligibility under India-Korea CEPA is not solely dependent on tariff classification. The article discusses the implications for importers, customs procedures, and compliance strategies. It highlights the legal reasoning and reinforces CEPA benefits applicability despite classification ambiguities, emphasizing clarity in cross-border trade and legal interpretation.