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Export HS Code 81042010 (Waste and scrap: Magnesium scrap, namely the following: Magn...) to South Korea

HS Code Details

Code81042010
DescriptionWaste and scrap: Magnesium scrap, namely the following: Magnesium clips covered by ISRI code word ‘Wafer’; Magnesium scrap covered by ISRI code word ‘Walnut’; Magnesium engraver plates covered by ISRI code word ‘Wine’; Magnesium dock boards covered by ISIR code word ‘Wood
Chapter81
SectionXVBase Metals & Articles
Duty RatePreferential rate may apply

🇰🇷 South Korea

CapitalSeoul
CurrencyWon
RegionEastern Asia
India Export Rank#13
Trade AgreementAPTA, India-Korea CEPA

India–South Korea Trade Data for HS 8104

India exported $244.1K worth of waste and scrap: magnesium scrap, namely the following: magnesium clips covered by isri code word ‘wafer’; magnesium scrap covered by isri code word ‘walnut’; magnesium engraver plates covered by isri code word ‘wine’; magnesium dock boards covered by isir code word ‘wood (HS 8104) to South Korea in 2024.

Export Trend (USD)

2024
$244.1K

Exporting Waste and scrap: Magnesium scrap, namely the following: Magn... 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. Apply for a Certificate of Origin to claim reduced tariffs.

Exporting waste and scrap: magnesium scrap, namely the following: magnesium clips covered by isri code word ‘wafer’; magnesium scrap covered by isri code word ‘walnut’; magnesium engraver plates covered by isri code word ‘wine’; magnesium dock boards covered by isir code word ‘wood (HS Code 81042010) from India to South Korea requires attention to documentation, packaging standards, and customs regulations. Indian exporters should ensure compliance with both DGFT export regulations and South Korea's import requirements.

Key considerations include proper classification under HS 81042010, accurate valuation, and meeting any product-specific standards or certifications required by South Korea. Payment terms commonly used include Letter of Credit (L/C), Documents against Payment (D/P), and advance payment.

Shipping from India to South Korea typically takes 5–15 days by sea, depending on the port of origin and destination. Major Indian ports serving this route include JNPT (Mumbai), Mundra, and Chennai.

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 81

Other Export Destinations for Waste and scrap: Magnesium scrap, namely the following: Magn...

Export Waste and scrap: Magnesium scrap, namely the following: Magn... to South Korea with XIMPEX

From documentation to logistics and compliance — XIMPEX provides end-to-end export support for your South Korea trade.