HS Code 71031012 — Precious stones: Ruby and Sapphire
Quick Facts
What is HS Code 71031012?
HS Code 71031012 is the Indian Trade Classification (ITC-HS) code for Precious stones: Ruby and Sapphire. This code falls under Chapter 71 (Precious Stones & Metals, Jewellery) of Section XIV (Precious Stones & Metals) of the Harmonized System of Nomenclature. Indian exporters and importers use this 8-digit code for customs declarations, trade documentation, and regulatory compliance.
Top Export Destinations for HS 7103
India's top export markets for Precious stones: Ruby and Sapphire (2024 data, USD value)
How to Export Precious stones: Ruby and Sapphire from India
Verify the HS Code
Confirm that HS Code 71031012 accurately classifies your product. Incorrect classification can lead to customs delays, penalties, or wrong duty calculations.
Check Export Regulations
Review DGFT's ITC(HS) schedule to confirm export policy for this code. Some products under Chapter 71 may require special licenses or export permits.
Identify Target Markets
Research which countries have the highest demand and most favourable trade agreements for your product category. XIMPEX's Market Finder can help you identify the top 10 destination countries.
Prepare Documentation
Ensure you have the required export documents: commercial invoice, packing list, certificate of origin, bill of lading/airway bill, and any product-specific certificates.
Ship & Clear Customs
Work with a licensed customs broker or use XIMPEX's end-to-end export management services to handle customs filing, shipping logistics, and payment collection.
Related HS Codes in Chapter 71
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