Export HS Code 72292000 (Hollow drill bars and rods: Of silico-manganese steel) to Philippines

HS Code Details

Code72292000
DescriptionHollow drill bars and rods: Of silico-manganese steel
Chapter72
SectionXV β€” Base Metals
Duty RatePreferential rate may apply under India-ASEAN FTA

πŸ‡΅πŸ‡­ Philippines

CapitalManila
CurrencyPhilippine Peso
RegionSouth-Eastern Asia
India Export Rank#32
Trade AgreementIndia-ASEAN FTA

Trade Snapshot

India exported $10K of products under HS 722920 to Philippines in FY 2022-2023 β€” -87.8% YoY.

Trade data shown for parent category HS 722920

Exporting Hollow drill bars and rods: Of silico-manganese steel to Philippines

Trade Agreement Benefit: India and Philippines have a India-ASEAN FTA which may offer preferential duty rates for this product category.

Exporting hollow drill bars and rods: of silico-manganese steel (HS Code 72292000) from India to Philippines requires careful attention to documentation, packaging standards, and customs regulations.

Indian exporters should ensure compliance with both Indian export regulations (DGFT) and Philippines's import requirements including proper classification under HS 72292000, accurate valuation, and meeting any product-specific standards.

For customs declarations, use the 8-digit tariff code 72292000 which provides the most specific product classification under India's customs tariff.

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.

Other Indian Exports to Philippines

Top product categories exported from India to Philippines

More HS Codes in Chapter 72

Other Export Destinations for HS 72292000

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