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Export HS Code 5003 (Silk waste (including cocoons unsuitable for reeling, yarn w...) to Vietnam

HS Code Details

Code5003
DescriptionSilk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)
Chapter50
SectionXI β€” Textiles & Textile Articles
Duty RatePreferential rate may apply

πŸ‡»πŸ‡³ Vietnam

CapitalHanoi
CurrencyDong
RegionSouth-Eastern Asia
India Export Rank#21
Trade AgreementIndia-ASEAN FTA

India–Vietnam Trade Data for HS 5003

India exported $363.5K worth of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) (HS 5003) to Vietnam in 2024.

Export Trend (USD)

2024
$363.5K

Exporting Silk waste (including cocoons unsuitable for reeling, yarn w... to Vietnam

Trade Agreement Benefit: India and Vietnam have a India-ASEAN FTA which may offer preferential duty rates for this product category. Apply for a Certificate of Origin to claim reduced tariffs.

Exporting silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) (HS Code 5003) from India to Vietnam requires attention to documentation, packaging standards, and customs regulations. Indian exporters should ensure compliance with both DGFT export regulations and Vietnam's import requirements.

Key considerations include proper classification under HS 5003, accurate valuation, and meeting any product-specific standards or certifications required by Vietnam. Payment terms commonly used include Letter of Credit (L/C), Documents against Payment (D/P), and advance payment.

Shipping from India to Vietnam typically takes 5–15 days by sea, depending on the port of origin and destination. Major Indian ports serving this route include JNPT (Mumbai), Mundra, and Chennai.

Documentation Required

Commercial Invoice

Detailed invoice with buyer/seller details, product description, quantity, price, and Incoterms.

Packing List

Itemized list of contents, weights, dimensions, and package markings for each shipment unit.

Bill of Lading / Airway Bill

Transport document issued by the carrier confirming receipt of goods for shipment.

Certificate of Origin

Certifies that goods originate from India. Required for preferential tariff treatment under trade agreements.

Shipping Bill

Filed with Indian Customs for export clearance. Generated through ICEGATE.

Letter of Credit / Bank Documents

Payment guarantee instrument. Commonly used for first-time trade partners.

Insurance Certificate

Proof of marine/cargo insurance covering the shipment against loss or damage.

Textile Committee Certificate

Quality and compliance certificate for textile exports from India.

Related HS Codes in Chapter 50

Other Export Destinations for Silk waste (including cocoons unsuitable for reeling, yarn w...

Export Silk waste (including cocoons unsuitable for reeling, yarn w... to Vietnam with XIMPEX

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