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Export HS Code 71023910 (Other: Diamond, cut or otherwise worked but not mounted or s...) to Thailand

HS Code Details

Code71023910
DescriptionOther: Diamond, cut or otherwise worked but not mounted or set
Chapter71
SectionXIV β€” Precious Stones & Metals
Duty RatePreferential rate may apply

πŸ‡ΉπŸ‡­ Thailand

CapitalBangkok
CurrencyBaht
RegionSouth-Eastern Asia
India Export Rank#19
Trade AgreementIndia-ASEAN FTA

India–Thailand Trade Data for HS 7102

India exported $811.53M worth of other: diamond, cut or otherwise worked but not mounted or set (HS 7102) to Thailand in 2024. This represents a 20.9% decrease from 2023.

India also imported $2.36M of this product category from Thailand in 2024.

Export Trend (USD)

2023
$1.03B
2024
$811.53M

Exporting Other: Diamond, cut or otherwise worked but not mounted or s... to Thailand

Trade Agreement Benefit: India and Thailand 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 other: diamond, cut or otherwise worked but not mounted or set (HS Code 71023910) from India to Thailand requires attention to documentation, packaging standards, and customs regulations. Indian exporters should ensure compliance with both DGFT export regulations and Thailand's import requirements.

Key considerations include proper classification under HS 71023910, accurate valuation, and meeting any product-specific standards or certifications required by Thailand. Payment terms commonly used include Letter of Credit (L/C), Documents against Payment (D/P), and advance payment.

Shipping from India to Thailand 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.

Kimberley Process Certificate

Required for rough diamond exports certifying conflict-free origin.

Related HS Codes in Chapter 71

Other Export Destinations for Other: Diamond, cut or otherwise worked but not mounted or s...

Export Other: Diamond, cut or otherwise worked but not mounted or s... to Thailand with XIMPEX

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