how to start exporting scrap metal from UK to India?

Question posted by srikanth ponnam, on behalf of np traders in E6

hi everyone,
i would like to start exporting business. need guidance on licences required to do this business. does i need to register with environmental agency? do i need to have a premises for doing scrap metal business? how to find suppliers? what is the current scrap metal prices? i would like to deal with non ferrous metals please advice me on it.
thanks in advance.

Regards,
Srikanth

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Hello Srikanth,
You also need to consider the logistics and customs requirements for your business.

For example - freight costs are determined by the weight and dimensions of the cargo to be shipped. So you need to think about what items you will choose to ship and how you will present them for shipment e.g. complete items or broken up into pieces.

I presume you would be considering seafreight - you can choose Less than Container Load (LCL) or Full Container Load (FCL). Each has a different cost build up but would include, delivery cost to port of export, loading into container, moving cargo around the port of export, loading onto the ship, documentation, unloading from the ship, moving cargo around the port of destination, unloading the container, documentation, delivery to final destination.

You need to decide your delivery terms e.g. will your selling price include delivery to the customer's premises in India or just to the port of export? It is usual to indicate this by using an INCOterm. Take a look at this web site en.wikipedia.org/wiki/Incoterms for information.
INCOterms make the seller's and the buyer's responsibilities clear.

You will also need to consider import duty, tax and administration costs at import. Take a look at these web sites for further information www.cbec.gov.in and www.eximguru.com/indian-customs-duty. Import duty is determined by the nature of the items being imported e.g. copper wire or tin sheet. Each product has a different percentage of import duty.

If you would like to discuss the above further please do not hesitate to contact me.
Regards,
Susan
email: enquiries@morley-consulting.co.uk
web: morley-consulting.co.uk

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srikanth ponnam, on behalf of np traders in E6.

hi Susan,
many thanks for your information. could anyone please help me on finding scrap metal suppliers in the UK.

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Mike Josypenko, on behalf of The Institute of Export in PE2.

As you suggested in your question, you will need to be registered with the Environment Agency in order to move or export waste products. For further information go to; http://www.environment-agency.gov.uk/business/sectors/32447.aspx

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Sarge C. M, on behalf of IBSL in N20.

Hello Srikanth

Do you have a buyer for scrap metal?
"Scrap Metal" is a very generic term you have to be more specific of your requirement.
Let me know and I will advise to the best of my ability

Best wishes
Sarge

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Ehsan Ul-Haque, on behalf of HQ Traders in W5.

Hello Sarge,

Do you happen to know commodity code for scrap of Fridge Compressor ?
It starts with 8414

Cheers

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Sarge C. M, on behalf of IBSL in N20.

Hello Ehsan

The code for scrap aircon/fridge compressor is 8415.90.0090 for UK and attracts 2.7% duty on imports. I understand there are some restrictions on import of this, please check with source as I do not have clarity on this.

Hope this answers your question.

Best wishes

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Ehsan Ul-Haque, on behalf of HQ Traders in W5.

Dear Sarge,
Thank you very much for your kind reply.

Sorry I didn't mentioned, I wanted a commodity code of aircon/fridge compressor to EXPORT from UK.

Cheers

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Sarge C. M, on behalf of IBSL in N20.

Hello Ehsan

Export to which country?

Best wishes

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Mike Josypenko, on behalf of The Institute of Export in PE2.

The customs tariff code will apply in the UK whether goods are imported into the UK or when they are exported out from the UK - you simply have to remove the last two digits, as export commodity codes are only 8 digits long.

When the goods are imported into the destination country, your buyer will normally be responsible for taking care of import customs clearance, and paying import duties. The relevant tariff code of the customs tariff of the specific destination country will apply. This will not necessarily be the same as the UK tariff code, but around 90% of countries now use the "Harmonised System" of tariff coding; this means that, for most countries the first 6 diigts of the tariff code you were given above will be the same. If you want to find the full tariff code and the corresponding duty rate, you will need to check the tariff of the country of destination. The easiest way to do this is to go to the following EU website: http://madb.europa.eu/madb/datasetPreviewFormATpubli.htm?datacat_id=AT&from=publi

Insert the country of destination and the first 4 digits of the code you have got. You can then search the tariff to find the correct code & the rate of import duty.

Hope this helps

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Ehsan Ul-Haque, on behalf of HQ Traders in W5.

Hello Sarge

Export to Pakistan.

Hello Mike

I've got 841430 code for fridge compressors using above said link, I hope this is the one, I was looking for.

I guess tariff code for air conditioner compressor is different.

Cheers

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Ehsan Ul-Haque, on behalf of HQ Traders in W5.

Dear Members,
Correct me, if um missing something.
The dots I have connected so far to export fridge compressors are :

Register a company (not sure if it should be vat registered or not)
SIEL (Standard Individual Export Licence)
EORI Number using C220A Application
Correct Tariff code to avoid any delay at port
Then
Goods cost (Till UK port)
Shipping cost
Duties & other charges (at Port Qasim, Karachi)
Unloading n delivering at own scrap yard

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B Prasad, on behalf of yaash in TW5.

Hi,
I am based in London and I have 5 years experience in metal scrap Business, if you require any information on the availability of scrap example: HMS 1&2, Auto Shredded ISRI 211 Steel Scrap,Tin scrap,Aluminum, copper and brass or any kind of Paper,Cardboard,plastic scrap, i can give you all the information where you can buy direct from the yards in United Kingdom.
Thanks & Best Regards
Prasad.
Mob: 07932409632
00447932409632
E-mail : dubey_prasad@yahoo.co.uk

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