Whether articles intended to become permanent magnets could be granted the exemption meant for permanent magnets, as per notification No. 160/86-C.E., dated 1-3-1986 - Regarding

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....ation No. 160/86-C.E., dated 1-3-1986 - Regarding Circular No. 20/88 Dated 8-9-1988 [From F. No. 148/1/88-CX.4] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject: Whether articles intended to become permanent magnets could be granted the exemption meant for permanent magnets, as per notification No. 160/86-C.E., dated 1-3-1986 - Regarding. A ....

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....mentioned. There is also no section note or chapter note to support the view that articles intended to become permanent magnets after magnetisation should be treated on par with permanent magnets. Attention is also invited to the HSN Explanatory Notes under the corresponding HSN Heading No. 85.05 (Page 1340) where also such goods have not been treated on the same footing. It is accordingly clarifi....