CESTAT quashes Penalty on time barred excise duty demand

Lyka Labs Limited Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) In the legal case of Lyka Labs Ltd vs. Commissioner of Central Excise & ST (CESTAT Ahmedabad), the issue of a time-barred excise duty demand arose, despite the payment of such duty. Let’s delve into the details of this case, the arguments presented, and the final decision rendered by the authorities. Background of the Case: Lyka Labs Ltd, engaged in the manufacturing of dutiable and exempted goods, faced a demand notice from the authorities for not following the prescribed procedure under Rule 6 of the Ce...