Rare earth minerals and magnets
Rare earth processing and magnet manufacture need specialised imported equipment and material. MOOWR defers duty while new capacity is built in India.
Why MOOWR fits this industry
Rare earth processing and magnet manufacture need specialised imported equipment and material. MOOWR defers duty while new capacity is built in India.
Where it applies
- Separation and refining equipment
- Magnet manufacturing lines
- Imported concentrates and oxides
- Testing and metallurgy equipment
Serving both markets
Duty on inputs used in exported goods is remitted. Duty on inputs used in goods sold in India is deferred and paid on domestic clearance, without interest. There is no export obligation.
Tariff lines
Verified tariff lines for this sector are being prepared.
Look up the duty on what you import or talk to us about your sector.