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For HS 300490 (medicaments in dosage) from India to South Korea:
- South Korea import duty: 8.0% MFN (applied)
- Preferential duty: 0.0% is shown in the engine context for this line, so if your shipment qualifies under the applicable preference route, duty may be nil.
- India export benefit: RoDTEP ~0.7% of FOB
What this means practically
If your product is correctly classified under HS 300490 and the shipment meets the origin/preference rules, your landed tax cost in Korea may be reduced versus the normal MFN rate. The exact payable duty depends on:
- product sub-classification in Korea
- whether any preferential certificate of origin applies
- invoice value and customs valuation
- any Korea-side taxes/fees beyond customs duty
Documents you should prepare
For this India → South Korea export, the key documents are:
1. Commercial Invoice
2. Packing List
3. Bill of Lading / Air Waybill
4. Certificate of Origin
- especially important if you want to claim any preferential tariff treatment
5. FTA / preferential origin certificate if applicable to your route and product
6. Inspection / health / regulatory certificate if the medicament requires one
7. Insurance certificate if shipped under insured terms
8. Export declaration and customs filing docs through Indian customs/ICEGATE
India-side exporter compliance
You’ll typically need:
- IEC — mandatory for export
- GST registration — relevant for export operations and refund claims
- RCMC — needed if you want to claim DGFT export incentives such as RoDTEP
- Customs clearance via ICEGATE
Benefit summary
- Possible Korea duty advantage: preferential 0.0% instead of 8.0% MFN
- India export incentive: RoDTEP ~0.7% of FOB
- Product category is high-value pharma, so correct HS classification and origin paperwork are critical
If you want, I can also give you:
1. a landed cost illustration for South Korea, or
2. the exact document checklist for a medicament shipment with pharma compliance.
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