Jyothy Labs has informed that the Company became aware on August 24, 2026, of the receipt of an Excise Duty Order issued by the Commissionerate of Central Goods and Services Tax under Section 11A(10) of the Central Excise Act, 1944, read with Section 174(2) of the Central Goods and Services Tax Act, 2017, pertaining to the period from April 2016 to June 2017. This order including applicable interest, fine and penalty has primarily been raised on account of a difference in interpretation of the HSN classification of the product manufactured and the consequential excise duty liability. The Company had previously received favorable order at its other location upholding the classification dispute with respect to the same product which was accepted by the Excise Authorities and was not challenged before the Higher authorities. The Company is in the process of filing an appeal before the appellate authority.
The above information is a part of company’s filings submitted to BSE.
