Policy Conditions : Restricted. *REFER PARA 1 TO 9 OF DGFT TRADE NOTICE NO.03/2022-23 DT 26-04-22 FOR NEW ONLINE MODULE REGARDING APPLICATION FOR RECOGNITION AS PRE-SHIPMENT INSPECTION AGENCY (PSIA) AND ISSUANCE AND ELECTRONIC VERIFICATION OF PRE-SHIPMENT INSPECTION CERTIFICATE (PSIC) FOR METAL SCRAP.ALL PSICS SHALL BE MANDATORILY GENERATED ONLINE THROUGH THE DGFT WEBSITE W.E.F. 1.7.22. PSICS DATED ON OR AFTER 1.7.22 NOT GENERATED USING THE DGFT ONLINE SYSTEMS MAY NOT BE ACCEPTED BY THE INDIAN CUSTOMS AUTHORITIES*FOLLOW STANDARD OPERATING PROCEDURES (SOP) FOR RANDOM CHECKING OF IMPORTED CONSIGNMENTS OF METAL SCRAP WITH RESPECT TO RADIOACTIVE CONTAMINATION AS PER ANNEXURE TO DGFT PUBLIC NOTICE NO.37/2015-20 DATED 15-11-2021.** AS PER ITC HS IMPORT POLICY, IMPORT UNDER THIS CTI IS RESTRICTED.*CLEARANCE OF METALLIC SCRAP IS PERMITTED AT SPFD PORTS/LOCATIONS AND SUBJECT TO THE CONDITIONS IN PARA 2.54 OF HBP AND INCLUDING SUBMISSION OF PSIC, FROM THE EXPORTING COUTRIES, FOR BOTH SHREDDED AND NON SHREDDED SCRAP.IF EXPORT IS FROM SAFE COUNTRIES/REGION, PSIC IS NOT REQUIRED, IF IMPORTED THROUGH SPECIFIED PORTS. REFER DGFT PN 64/2015-20 DT 19-02-2020 AND PN 46/2015-20 DTD 14-01-2022.*IMPORT OF WASTES IS SUBJECT TO COMPLIANCE OF PARA 8(B) OF GEN. NOTES REGD IMPORT POLICY OF ITC (HS) AND IS SUBJECT TO RULES 12 & 13 OF THE HAZARDOUS WASTE (MANAGEMENT & TRANSBOUNDRY MOVEMENT) RULES, 2016.* *IN CASE OF PGA FACILITATED BILLS I.E. WHICH HAVE NOT BEEN ROUTED THROUGH PGA FOR NOC,PROPER OFFICER SHOULD VERIFY AND ENSURE THAT THE MANDATORY DOCUMENTS-PRE SHIPMENT INSPECTION CERTIFICATE[856001]HAVE BEEN UPLOADED IN (E-SANCHIT) BEFORE GIVING OUT-OF-CHARGE(OOC)
HS Code Finder
HS Code
Description
Applicable GST Rate
HS Code
Value(%)
Description
7404
18.00
Copper waste and scrap
Any Chapter
0.00
Puja samagri namely,- (i) Rudraksha, rudraksha mala, tulsi kanthi mala, panchgavya (mixture of cowdung, desi ghee, milk and curd); (ii) Sacred thread (commonly known as yagnopavit); (iii) Wooden khadau; (iv) Panchamrit, (v) Vibhuti (vi) Unbranded honey [proposed GST Nil] (vii) Wick for diya. (viii) Roli (ix) Kalava (Raksha sutra) (x) Chandan tika
Any Chapter
0.00
Parts for manufacture of hearing aids
Any Chapter
5.00
Parts of goods of headings 8901, 8902, 8904, 8905, 8906, 8907
Any Chapter
5.00
Rosaries, prayer beads or Hawan samagri
Any Chapter
18.00
Goods which are not specified in Schedule I, II, IV, V or VI
Any Chapter
28.00
Specified actionable claim; Explanation:“specified actionable claim” as defined in section 2(102A) of the CGST Act, 2017 means the actionable claim involved in or by way of - (i) betting, (ii) Casino, (iii) Gambling, (iv) horse racing, (v) lottery, (vi) online money gaming
Applicable GST Compensation Cess Rates
HS Code
Value(%)
Description
Applicable AIDC Rates
HS Code
Value(%)
Description
Import Duty in India on HS Code
74040021
View breakdown of latest and updated Custom Duty in India
on
Waste And Scrap, Of Copper (Excl. Ingots Or Other Similar Unwrought Shapes, Of Remelted Copper Waste And Scrap, Ashes And Residues Containing Copper, And Waste And Scrap Of Primary Cells, Primary Batteries And Electric Accumulators) : Of Copper Alloys : E
For Product:
74040021 India does not apply any trade remedy on the selected
product.
Source: ITC (International Trade Centre)
Regulatory Requirements
For Product:
74040021
HS Revision: NTM Classification: NTM Year: Source: ITC (International Trade Centre) India does not apply any regulatory requirements on the
selected product.
Chapter Notes
For Product:
74040021 India does not apply any trade remedy on the selected
product.
Source: ITC (International Trade Centre)
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