Export HS Code 40012940 (Other: Oil extended natural rubber) to South Korea

HS Code Details

Code	40012940
Description	Other: Oil extended natural rubber
Chapter	40
Section	VII — Plastics & Rubber
Duty Rate	Preferential rate may apply under APTA, India-Korea CEPA

🇰🇷 South Korea

Capital	Seoul
Currency	Won
Region	Eastern Asia
India Export Rank	#13
Trade Agreement	APTA, India-Korea CEPA

Exporting Other: Oil extended natural rubber to South Korea

Trade Agreement Benefit: India and South Korea have a APTA, India-Korea CEPA which may offer preferential duty rates for this product category.

Exporting other: oil extended natural rubber (HS Code 40012940) from India to South Korea requires careful attention to documentation, packaging standards, and customs regulations.

Indian exporters should ensure compliance with both Indian export regulations (DGFT) and South Korea's import requirements including proper classification under HS 40012940, accurate valuation, and meeting any product-specific standards.

Documentation Required

Commercial Invoice

Detailed invoice with buyer/seller details, product description, quantity, price, and Incoterms.

Packing List

Itemized list of contents, weights, dimensions, and package markings for each shipment unit.

Bill of Lading / Airway Bill

Transport document issued by the carrier confirming receipt of goods for shipment.

Certificate of Origin

Certifies that goods originate from India. Required for preferential tariff treatment under trade agreements.

Shipping Bill

Filed with Indian Customs for export clearance. Generated through ICEGATE.

Letter of Credit / Bank Documents

Payment guarantee instrument. Commonly used for first-time trade partners.

Insurance Certificate

Proof of marine/cargo insurance covering the shipment against loss or damage.

Related HS Codes in Chapter 40

Natural Rubber, Balata, Gutta-percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip

Natural rubber latex, whether or not pre-vulcanized :

Natural rubber latex, whether or not pre- vulcanized: Prevulcanised

Natural rubber latex, whether or not pre- vulcanized: Other than prevulcanised

Natural rubber in other forms: Smoked sheets

Natural rubber in other forms: Technically specified natural rubber (TSNR)

Other :

Other: Hevea

Other Export Destinations for Other: Oil extended natural rubber

United States

United Arab Emirates

China

Netherlands

Hong Kong

Singapore

United Kingdom

Germany

Bangladesh

Saudi Arabia

Export Other: Oil extended natural rubber to South Korea with XIMPEX

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