Export HS Code 870421 (G.v.w. not exceeding 5 tonnes:) to Panama
HS Code Details
| Code | 870421 |
| Description | G.v.w. not exceeding 5 tonnes: |
| Chapter | 87 |
| Section | XVII — Vehicles & Transport |
| Duty Rate | Refer to destination country’s tariff schedule |
🇵🇦 Panama
| Capital | Panama City |
| Currency | Balboa |
| Region | Central America |
| Trade Agreement | No preferential agreement |
Exporting G.v.w. not exceeding 5 tonnes: to Panama
Exporting g.v.w. not exceeding 5 tonnes: (HS Code 870421) from India to Panama requires careful attention to documentation, packaging standards, and customs regulations.
Indian exporters should ensure compliance with both Indian export regulations (DGFT) and Panama's import requirements including proper classification under HS 870421, accurate valuation, and meeting any product-specific standards.
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.
Related HS Codes in Chapter 87
Tractors (other than tractors of heading 8709)
Other: Pedestrian controlled tractors
Road tractors for semi-trailers:
Road tractors for semi-trailers: Of Engine capacity not exceeding 1800 cc
Road tractors for semi-trailers: Other
Track-laying tractors:
Garden tractors: Of engine capacity not exceeding 1800 cc
Garden tractors: Other
Other Export Destinations for G.v.w. not exceeding 5 tonnes:
Export G.v.w. not exceeding 5 tonnes: to Panama with XIMPEX
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