You probably won't have a problem, but if you do, you would lose the bag and could end up with a hefty fine. To me, it wouldn't be worth the hassle or the worry. If it has the Louis Vuitton label on it and it is fake, don't take it.
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The customs officials will examine the contents of the package to determine if any taxes, duties, or other fees are applicable. The package may also be inspected to ensure that it complies with all laws and regulations of the destination country.