HS Code of 8505 (ELECTRO-MAGNETS; PERMANENTMAGNETS AND ARTICLES INTENDEDTO BECOME PERMANENT MAGNETSAFTER MAGNETISATION; ELECTROMAGNETIC OR PERMANENT MAGNETCHUCKS, CLAMPS AND SIMILARHOLDING DEVICES; ELECTROMAGNETIC COUPLINGS, CLUTCHESAND BRAKES; ELECTRO-MAGNETIC LIFTING HEADS)

Description:

ELECTRO-MAGNETS; PERMANENTMAGNETS AND ARTICLES INTENDEDTO BECOME PERMANENT MAGNETSAFTER MAGNETISATION; ELECTROMAGNETIC OR PERMANENT MAGNETCHUCKS, CLAMPS AND SIMILARHOLDING DEVICES; ELECTROMAGNETIC COUPLINGS, CLUTCHESAND BRAKES; ELECTRO-MAGNETIC LIFTING HEADS.

HS codes falls under this category.

850511 850519 850520 850590

Incentives of 8505 (ELECTRO-MAGNETS; PERMANENTMAGNETS AND ARTICLES INTENDEDTO BECOME PERMANENT MAGNETSAFTER MAGNETISATION; ELECTROMAGNETIC OR PERMANENT MAGNETCHUCKS, CLAMPS AND SIMILARHOLDING DEVICES; ELECTROMAGNETIC COUPLINGS, CLUTCHESAND BRAKES; ELECTRO-MAGNETIC LIFTING HEADS)

HS Codes	Duty Drawback	Unit	Drawback Rate	Drawback cap per unit in Rs.
850511	Duty Drawback		1.7
850519	Duty Drawback		1.7
850520	Duty Drawback		1.7
850590	Duty Drawback		1.7

REWARD UNDER MERCHANDISE EXPORTS FROM India SCHEME (MEIS) [AS % ON FOB VALUE OF EXPORTS]

PLEASE NOTE: TOTAL INCENTIVE EQUALS SUM OF MEIS AND DUTY DRAWBACK.FOR INSTANCE, FOR Other FALLING UNDER HS CODE: 150290 INCENTIVES FROM THE GOVERNMENT IS 0.15%.

HS Codes	Product Description	Reward under MEIS
850511	ELECTRO-MAGNETS; PERMANENTMAGNETS AND ARTICLES INTENDEDTO BECOME PERMANENT MAGNETSAFTER MAGNETISATION; ELECTROMAGNETIC OR PERMANENT MAGNETCHUCKS, CLAMPS AND SIMILARHOLDING DEVICES; ELECTROMAGNETIC COUPLINGS, CLUTCHESAND BRAKES; ELECTRO-MAGNETIC LIFTING HEADS	-
850519	Other	-
850520	Electro-magnetic couplings, clutches and brakes	-
850590	Other, including parts	-

Standard Input Output Norms of 8505 (ELECTRO-MAGNETS; PERMANENTMAGNETS AND ARTICLES INTENDEDTO BECOME PERMANENT MAGNETSAFTER MAGNETISATION; ELECTROMAGNETIC OR PERMANENT MAGNETCHUCKS, CLAMPS AND SIMILARHOLDING DEVICES; ELECTROMAGNETIC COUPLINGS, CLUTCHESAND BRAKES; ELECTRO-MAGNETIC LIFTING HEADS)

Product Details

Export Item	Quantity	Import Item	Qty Allowed.
Soft Ferrite Part namely the following:- (A) Manganese Zinc Soft Ferrite Parts (B)Magnesium Zinc Soft Ferrite Parts (C) Nickel Zinc Ferrite Parts.	1Kg.	For Export item (A) 1. Ferrit Oxide 2. Manganese (Manganous/Manganic) 3. Zinc Oxide 4. Poly Vinyl Alcohol (PVA). 5. Polyethylene Glycol 6. Additives.	0.8800Kg 0.3040Kg.
		Soft Ferrite Part namely the following:- (A) Manganese Zinc Soft Ferrite Parts (B)Magnesium Zinc Soft Ferrite Parts (C) Nickel Zinc Ferrite Parts.	1Kg.	For Export item (B) 1. Ferrit Oxide 2. Zinc Oxide 3. Poly Vinyl Alcohol (PVA). 4. Mangnesium Oxide 5. Polyethylene Glycol 6. Additives.	0.752Kg 0.150Kg. 0.015Kg 0.111Kg 0.005Kg 0.103Kg.
				Soft Ferrite Part namely the following:- (A) Manganese Zinc Soft Ferrite Parts (B)Magnesium Zinc Soft Ferrite Parts (C) Nickel Zinc Ferrite Parts.	1Kg.	For Export item (C) 1. Ferrite Oxide 2. Zinc Oxide 3. Polyvinyl Alcohol (PVA) 4. Cobalt Oxide 5. Nickel Oxide 6. Additives.	0.7808Kg 0.1240Kg. 0.0150Kg 0.0650Kg 0.2987Kg 0.1210Kg.
Strontium Ferrite Arcs Magnet	1 Kg					Ferric Oxide	1.600 kg
Strontium Ferrite Arcs Magnet	1 Kg	Strontium Ferrite Arcs Magnet	1 Kg			Strontium carbonate	0.400 kg
Strontium Ferrite Rings Magnet	1 Kg	Strontium Ferrite Arcs Magnet	1 Kg	Ferric Oxide	1.200 kg
Strontium Ferrite Rings Magnet	1 Kg	Strontium Ferrite Rings Magnet	1 Kg	Strontium Carbonate	0.300 kg
Hard Ferrite Magnets in Magnetized or Demagnetized conditions.	1Kg.	Strontium Ferrite Rings Magnet	1 Kg	Ferrite Oxide.	1.17Kg.
	1Kg.	Hard Ferrite Magnets in Magnetized or Demagnetized conditions.	1Kg.	Barium CArbonate or Strontium CArbonate.	0.26Kg.
Permanent Magnetic Chuck	1 No.		1Kg.	Permanent Magnet Strontium Ferrite Grade	1.02 kg/kg content in export.
Magnetic Assemblies Incorporating cast Alloy permanent magnets e.g.holders/ positions/ floaters	1 kg	Cobalt	0.26 kg
		Magnetic Assemblies Incorporating cast Alloy permanent magnets e.g.holders/ positions/ floaters	1 kg	Nickel	0.15 kg
				Magnetic Assemblies Incorporating cast Alloy permanent magnets e.g.holders/ positions/ floaters	1 kg	Pure Iron Powder	0.55 kg
						Magnetic Assemblies Incorporating cast Alloy permanent magnets e.g.holders/ positions/ floaters	1 kg	Copper	0.033 kg
Magnet Retrieving	1 No.							Permanent Magnet Strontium Ferrite Grade in relevant demagnetized condition as component in relevant dimensions OR	Net to net.
Magnet Retrieving	1 No.	Magnet Retrieving	1 No.					Permanent Magnet Strontium Ferrite Grade in demagnetized condition as Raw material	1.02 kg/ kg content of Magnet in the export product.

TOP BUYING COUNTRIES of 8505 (ELECTRO-MAGNETS; PERMANENTMAGNETS AND ARTICLES INTENDEDTO BECOME PERMANENT MAGNETSAFTER MAGNETISATION; ELECTROMAGNETIC OR PERMANENT MAGNETCHUCKS, CLAMPS AND SIMILARHOLDING DEVICES; ELECTROMAGNETIC COUPLINGS, CLUTCHESAND BRAKES; ELECTRO-MAGNETIC LIFTING HEADS)

S.No	Country Name	Shipment Value (Currency)	Total Buyers
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Description:

REWARD UNDER MERCHANDISE EXPORTS FROM India SCHEME (MEIS) [AS % ON FOB VALUE OF EXPORTS]

Product Details

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