Classification of magnetic ferrite with a binder (in the form of power/pellet)

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....New Delhi Subject : Classification of magnetic ferrite with a binder (in the form of power/pellet). A question had been raised as to what should be the appropriate classification of the chemical product known as 'magnetic ferrite with a binder (in the form of powder/pellet)' which arises at an intermediate stage in the course of manufacture of permanent magnets or articles intended to become....

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....in a slurry tank, filtered, pressed and dried. At this stage, a chemical product known as 'magnetic ferrite with a binder (in the form of powder/pellet)' emerges. The Conference concluded that the said product would be classifiable under heading No. 38.23 and that if such product is captively consumed for manufacture of a dutiable product under heading No. 85.05, no duty is recoverable in terms of....