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Import Duties from South Korea to India

India import duty rates for goods originating in South Korea. India-Korea CEPA provides preferential tariff access.

FTA Status

Active โœ“

Duty basis

CIF

IGST

18%

Tariff system

Indian Customs Tariff (ITCโ€“HS)

India-Korea CEPA

In force since 2010

Active

Reduced tariffs on ~90% of tariff lines. Electronics and auto parts benefit.

South Korea โ†’ India Trade Highlights

  • โ†’India-Korea CEPA provides preferential access for ~90% of products
  • โ†’Electronics and auto parts benefit from significant tariff reductions
  • โ†’India has raised concerns about trade deficit under CEPA โ€” review ongoing
  • โ†’South Korea is a major investor in Indian manufacturing (Hyundai, Samsung, LG)
  • โ†’Steel products have preferential rates but with safeguard provisions

Key Products: South Korea โ†’ India

India MFN rates ยท CIF basis ยท click for full breakdown

ProductHS CodeMFN DutyFTA Rate
Passenger Cars870360โ€“100%โ€”Details โ†’
Automotive Parts & Components870815%โ€”Details โ†’
Tyres & Pneumatic Tyres401125%โ€”Details โ†’
Steel Flat Products7208โ€“72117.5โ€“12%โ€”Details โ†’
Electronic Components8534 / 85420โ€“10%โ€”Details โ†’

Importing into India: what you need

The Central Board of Indirect Taxes and Customs (CBIC) assesses duty through the ICEGATE portal; Basic Customs Duty rates are in the First Schedule to the Customs Tariff Act, 1975.

Registration. An Importer-Exporter Code (IEC) from the DGFT and GST registration to claim input credit on IGST.

Low-value shipments. India has no general de minimis for commercial goods. Courier imports under the Courier Imports Regulations have value caps and the full duty stack applies.

Documents customs will ask for

  • Bill of Entry (filed on ICEGATE)
  • Commercial invoice and packing list
  • Bill of lading or air waybill
  • Certificate of origin for FTA rates (with CAROTAR 2020 origin information)
  • BIS registration for electronics and other items under compulsory certification

Charges on top of duty

  • Social Welfare Surcharge: 10% of Basic Customs Duty
  • IGST at the GST rate of the goods on value + BCD + SWS
  • Agriculture Infrastructure and Development Cess on some goods
  • Anti-dumping and safeguard duties

Watch out. Under CAROTAR 2020 the importer must hold origin information when claiming an FTA rate โ€” a certificate alone is not enough if customs asks.

How Import Duty Is Calculated

1

CIF value

Product cost + international freight + insurance

2

Import duty (tariff rate)

MFN rate applies, or preferential rate under India-Korea CEPA if rules of origin are met

3

IGST (18%)

Charged on CIF value + duty. Collected at customs clearance.

Use our Import Duty Calculator or Landed Cost Calculator for a full cost breakdown.

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