5. Abrasive Grinding Wheel Abrasive Grinding Wheel under category Industrial Supplies Orient Grinding Wheels, Carborundum Grinding Wheels Abrasive Grinding Wheel
    INR  10 2020-11-05 https://schema.org/InStock

How to
Import Abrasive Grinding Wheel to India

Are you here to know how you can import Abrasive Grinding Wheel to India? Well, Connect2India gives you the complete understanding about how to import Abrasive Grinding Wheel to India, from where to import Abrasive Grinding Wheel, at what price Abrasive Grinding Wheel should be imported and also the best Abrasive Grinding Wheel exporters in the world.

Abrasive Grinding Wheel

Summary for the Indian Abrasive Grinding Wheel import

In FY 2020-2021 (Apr-Nov), Around 55.15 USD million of Abrasive Grinding Wheel is imported from India to China. It is around 73.74% of the total import of Abrasive Grinding Wheel.

  • The value of Abrasive Grinding Wheel import from India in October 2020 is 12.57 USD million .
  • Major countries where Abrasive Grinding Wheel was imported in October 2020 are China(9.84), Japan(0.55), Germany(0.51), Philippines(0.51), Austria(0.27).
S.no. Country Qty Value(USD Million) Month year
China 4097319 9.84 October 2020
Japan 12290 0.55 October 2020
Germany 21890 0.51 October 2020
Philippines 241000 0.51 October 2020
Austria 7330 0.27 October 2020
Italy 21980 0.25 October 2020
Rep. of Korea 3570 0.14 October 2020
USA 2520 0.14 October 2020
China, Hong Kong SAR 14450 0.07 October 2020
United Arab Emirates 21720 0.05 October 2020
Belgium 5050 0.04 October 2020
United Kingdom 1790 0.04 October 2020
France 1030 0.03 October 2020
Slovenia 2900 0.03 October 2020
TAIWAN 560 0.03 October 2020
Netherlands 270 0.02 October 2020
Switzerland 90 0.02 October 2020
Czech Rep. 110 0.01 October 2020
Spain 20 0.01 October 2020
Sweden 10 0.01 October 2020

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There are 48 distinct countries to import Abrasive Grinding Wheel into India. Collectively India imported 74.79 USD Million of Abrasive Grinding Wheel from those 48 countries in 2020-2021 (Apr-Nov) and 141.24 USD Million in 2018, which is up by 17.03% than the Abrasive Grinding Wheel imported into India the previous year. In 2017, 51 countries exported around 48261979 quantity of Abrasive Grinding Wheel to India while in 2018, India’s Abrasive Grinding Wheel import accounts to 54363850 quantity from 47 countries. This shows the rise of 12.64% Abrasive Grinding Wheel import in terms of quantity imported.

To import Abrasive Grinding Wheel to India, the best countries according to Indian shipment records are China, Japan, Philippines, Germany, USA . Together they sold 74.79 USD Million worth value of Abrasive Grinding Wheel to India.

Overall the import of Abrasive Grinding Wheel into India gain of 75.96% since 2014 when Abrasive Grinding Wheel import shipments into India were valued at 80.27 USD Million. Year over year, the value of Abrasive Grinding Wheel import from India up by 17.03% from 2017 to 2018.

The import reached an all time high of 141.24 USD Million during the year 2018.

Among the countries from where Abrasive Grinding Wheel is imported to India, the fastest growing growing nations were Armenia,Montenegro and Cuba.

The countries from where India reduced their Abrasive Grinding Wheel imports are Eritrea,French Polynesia and CHRISTMAS IS.

As an importer of Abrasive Grinding Wheel, you should know the HS CODE of products at first.

Some HS Codes corresponding to Abrasive Grinding Wheel are

S.No Product H.S Code

Use our HS CODE FINDER tool to search for the hs codes of products

Top Global Markets for import Abrasive Grinding Wheel to India in 2020-2021 (Apr-Nov)

S.NO. Country Quantity of import import value of Abrasive Grinding Wheel
import Abrasive Grinding Wheel to India from China 25190460 55.15
import Abrasive Grinding Wheel to India from Japan 111320 3.78
import Abrasive Grinding Wheel to India from Philippines 1228400 3.47
import Abrasive Grinding Wheel to India from Germany 202080 3.43
import Abrasive Grinding Wheel to India from USA 28140 1.69
import Abrasive Grinding Wheel to India from Italy 158350 1.58
import Abrasive Grinding Wheel to India from Thailand 325300 1.37
import Abrasive Grinding Wheel to India from Austria 40300 1.22
import Abrasive Grinding Wheel to India from Rep. of Korea 15780 0.8
import Abrasive Grinding Wheel to India from Switzerland 3300 0.36

Product wise trends to Import Abrasive Grinding Wheel to India in 2020-2021 (Apr-Nov)

S.NO. Code Name Quantity of import import value of Abrasive Grinding Wheel

Import Duty for Grinding Wheels Of Synthetic Abrasive under HS CODE 68042210

HS Code 68042210
Description Grinding Wheels Of Synthetic Abrasive
Customs Duty (%) 10%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 29.8%
Import Policy

Import Duty for Grinding Wheels Of Other Materials under HS CODE 68042220

HS Code 68042220
Description Grinding Wheels Of Other Materials
Customs Duty (%) 10%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 29.8%
Import Policy

Import Duty for Other under HS CODE 68042290

HS Code 68042290
Description Other
Customs Duty (%) 10%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 29.8%
Import Policy

Import Duty for Grinding Wheels Made Of Natural Stone under HS CODE 68042310

HS Code 68042310
Description Grinding Wheels Made Of Natural Stone
Customs Duty (%) 10%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 29.8%
Import Policy

Import Duty for Other under HS CODE 68042390

HS Code 68042390
Description Other
Customs Duty (%) 10%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 29.8%
Import Policy

People Also Ask

Which country is the major exporter of Abrasive Grinding Wheel to India?

China, Japan, Philippines, Germany, USA are the major exporters of Abrasive Grinding Wheel to India.

What is the import duty on import of Abrasive Grinding Wheel in India?

Custom Duty : 10% and IGST : 18%

Describe Abrasive Grinding Wheel import industry in India?

Abrasive Grinding Wheel import industry in India is worth 74.79 USD Million in India in 2020-2021 (Apr-Nov). There are total of 48 countries from where India import’s 53960338 quantity of Abrasive Grinding Wheel.