Jyothy Labs Receives Excise Duty Order for Products Manufactured Between April 2016 and June 2017
Jyothy Labs Ltd has received an Excise Duty Order from the Commissionerate of Central Goods and Services Tax, pertaining to products manufactured during the period from April 2016 to June 2017. The order includes applicable interest, fine, and penalty, stemming from a difference in the interpretation of the HSN classification of the company's manufactured products and the resulting excise duty liability.The company has initiated the process of filing an appeal with the appellate authority regarding the disputed matter. Jyothy Labs noted that the dispute over the classification of the product had previously been addressed and a favorable order had been received at another location, which was accepted by the Excise Authorities and was not challenged before higher authorities.
The order, received on August 24, 2026, details a demand concerning the classification difference. The demand includes amounts for Excise Duty, Penalty, Redemption Fine, and Interest.
Details of the demand from the Excise Duty Order are presented below:
| Demand Component | Amount (Rs. In Crore) |
|---|---|
| Excise Duty amount | 9.69 |
| Penalty | 0.97 |
| Redemption Fine | 9.69 |
| Interest | As applicable |
The matter involves a difference in the interpretation of the HSN classification of the manufactured product and the resulting excise duty liability.
Regarding the financial and operational implications, Jyothy Labs stated that it does not foresee any material impact on its financials, operations, or other activities consequent to the Excise Duty Order.
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