Trade Analyst Insight
Exporting Nickel scrap, namely the following : New nickel scrap
covered by ISRI code word ‘Aroma’; old nickel scrap
covered by ISRI code word ‘Burly’; new R-monel clippings
solids covered by ISRI code word ‘Hitch’; new mixed monel
solids and clippings covered by ISRI code word ‘House’;
old monel sheet and solids covered by ISRI code word
‘Ideal’; k-monel solids covered by ISRI code word ‘Indian’;
soldered monel sheet and solids covered by ISRI code word
‘Junto’; monel castings covered by ISRI code ‘Lemon’;
monel turnings covered by ISRI code word ‘Lemur’; nickel
scrap obtained by breaking up of ships, boats and other
floating structures; Nickel-Iron batteries to be sold free of
crates, copper terminal connectors and excess liquid, must
be free of nickel cadmium batteries covered by ISRI code
word 'Vaunt' 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 0.3% under RoDTEP.
Compliance Checklist
- Commercial Invoice: Must state HS 75030010 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.