https://www.taxtmi.com/circulars?id=6930 The new Central Excise Tariff separately lists permanent magnets and articles intended to become permanent magnets, and neither section nor chapter notes nor the HSN Explanatory Notes treat the two categories as equivalent; therefore articles intended to become permanent magnets after magnetisation cannot be treated on par with permanent magnets and the exemption for permanent magnets does not apply to them. en-us Thu, 08 Sep 1988 00:00:00 +0530 Wed, 08 Jul 2009 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6930 The new Central Excise Tariff separately lists permanent magnets and articles intended to become permanent magnets, and neither section nor chapter notes nor the HSN Explanatory Notes treat the two categories as equivalent; therefore articles intended to become permanent magnets after magnetisation cannot be treated on par with permanent magnets and the exemption for permanent magnets does not apply to them. Circulars Central Excise Thu, 08 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6930