Workshop Technology
In piercing operation, the clearance is provided on

Punch
Either on punch or die depending upon designer's choice
Die
Half on the punch and half on the die

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Workshop Technology
Piercing is an operation of cutting

A flat sheet to the desired shape
A number of holes evenly spaced in a regular pattern on a sheet of metal
A hole (other than cylindrical) in a sheet of metal by the punch and the die
A cylindrical hole in a sheet of metal by the punch and the die

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