Trade Analyst Insight
Exporting 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 ISRI code word 'Wood'; magnesium
turninigs covered by ISRI code word 'world' allows for significant margin optimization. The India-UAE CEPA agreement reduces the import duty from 5.0% to 0.0%, offering a direct 5.0% cost saving. Additionally, exporters can claim 0.5% under RoDTEP.
Compliance Checklist
- Commercial Invoice: Must state HS 81042010 and Origin "India".
- Certificate of Origin: Required to claim the 0.0% duty rate. Apply via DGFT.
- Packing List: Net & Gross weight must match BL.