2004 (8) TMI 181

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....al, Member (T)]. - The issue involved in this Appeal filed by M/s. Choksi Heraeus Pvt. Ltd. is whether the Silver Palladium wire manufactured by them is classifiable under sub-heading 7101.60 of the Schedule to the Central Excise Tariff Act as claimed by them or under 7101.90 as confirmed by the Commissioner (Appeals) under the impugned order. 2. We heard Shri Ravinder Choksi, Chairman of the a....

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....s as under:- "3(b) The expression 'Platinum' means platinum, iridium, osmium, palladium, rhodium and ruthenium." 4.      For the Purpose of this Chapter, any Alloy (including a sintered mixture and an inter-metallic compound) containing precious metal is to be treated as an alloy of precious metal if any one precious metal constitutes as much as 2% by weight, of the ....

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....roduct in question containing 30% palladium, will be treated as an alloy of Platinum as the expression palladium also means platinum. Further Note 4 provides the manner for classification of alloys of precious metals. According to Clause (a) to Note 4, an alloy containing 2% or more, by weight, of platinum is to be treated as an alloy of platinum. As admittedly the product contains more than 2% by....