HSN Code 50020010: Raw Silk | Mulberry Raw Silk

HSN Code 50020010 represents Raw Silk | Mulberry Raw Silk under GST classification. This code helps businesses identify Raw Silk | Mulberry Raw Silk correctly for billing, taxation, and trade. With HSN Code 50020010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Raw Silk | Mulberry Raw Silk.

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Description of Goods for HSN Code 50020010

HSN Code 50020010 relates to the following description.

Description of Goods

Raw silk (not thrown) : Mulberry raw silk

Chapter

50 - Silk

Sub Chapter

5002 - Raw silk (not thrown)

CGST

0%

SGST

0%

IGST

0%

CESS

0%

What does HSN Code 50020010 not include?

Raw Silk | Mulberry Raw Silk does not include products with the following descriptions.

India’s Trade Performance — HSN Code 50020010 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹25 Cr

+72.97% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

₹798 Cr

−20.72% vs FY 2023-24

0.0131% of India’s total imports

Trade Balance

FY 2024-25

−₹774 Cr

Trade Deficit

Surplus rank #12113 of 12657 HSN codes

% of Sub-Chapter 5002

FY 2024-25

96.57%

Share of Sub-Chapter 5002’s total exports in FY 2024-25

Import side: 79.66% of Sub-Chapter 5002’s imports

Rank Within Sub-Chapter 5002

FY 2024-25

#1 of 3

Position by export value among HSN codes in Sub-Chapter 5002

Import-side rank: #1 of 3

At a glance

65.33%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#4595

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+738.46%

Peak Growth Year

FY 2023-24 · strongest single-year move

96.57%

Contribution to Sub-Ch. 5002

Share of Sub-Chapter 5002 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 50020010

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #7457

Balance

−669.41

Exports

1.20 ₹ Cr

0.0001% share

— YoY

88.24% of Sub-Ch. 5002

Imports

670.61 ₹ Cr

0.0187% share

— YoY

64.40% of Sub-Ch. 5002

FY 2019-20 Exp. Rank #7661

Balance

−936.15

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−20.83% YoY

82.61% of Sub-Ch. 5002

Imports

937.10 ₹ Cr

0.0280% share

+39.74% YoY

81.54% of Sub-Ch. 5002

FY 2020-21 Exp. Rank #7736

Balance

−479.28

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−4.21% YoY

70.00% of Sub-Ch. 5002

Imports

480.19 ₹ Cr

0.0165% share

−48.76% YoY

84.16% of Sub-Ch. 5002

FY 2021-22 Exp. Rank #6468

Balance

−668.24

Exports

4.55 ₹ Cr

0.0001% share

+400.00% YoY

40.37% of Sub-Ch. 5002

Imports

672.79 ₹ Cr

0.0147% share

+40.11% YoY

82.08% of Sub-Ch. 5002

FY 2022-23 Exp. Rank #7610

Balance

−1,481.61

Exports

1.69 ₹ Cr

0.0000% share

−62.86% YoY

94.41% of Sub-Ch. 5002

Imports

1,483.30 ₹ Cr

0.0258% share

+120.47% YoY

86.56% of Sub-Ch. 5002

FY 2023-24 Exp. Rank #5242

Balance

−992.71

Exports

14.17 ₹ Cr

0.0004% share

+738.46% YoY

92.49% of Sub-Ch. 5002

Imports

1,006.88 ₹ Cr

0.0179% share

−32.12% YoY

80.23% of Sub-Ch. 5002

FY 2024-25 Exp. Rank #4595

Balance

−773.73

Exports

24.51 ₹ Cr

0.0007% share

+72.97% YoY

96.57% of Sub-Ch. 5002

Imports

798.24 ₹ Cr

0.0131% share

−20.72% YoY

79.66% of Sub-Ch. 5002

CAGR · 7-Year

Exports

65.33% /yr

Imports

2.95% /yr

Consistently Deficit
Sub-Chapter 5002 total

reference, FY 2024-25

Export

₹25.38 Cr

Import

₹1,002.03 Cr

Trade Balance

−976.65

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 50020010 Export-Import Analysis

Consistent Export Growth: 65.33% CAGR Over 7 Years

India's exports under HSN Code 50020010 have grown at a compound annual rate of 65.33% over 7 fiscal years, rising from ₹1.20 Crore in FY 2018-19 to ₹24.51 Crore in FY 2024-25.

HSN Code 50020010 Ranked #4595 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 50020010 ranks #4595 out of 12657 HSN codes by total export value. Within Sub-Chapter 5002, it ranks #1 of 3. By trade surplus, it ranks #12113 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 50020010 Exports

The strongest single-year export movement for HSN Code 50020010 was recorded in FY 2023-24, when exports surged by 738.46% over the prior year.

India Records a Trade Deficit of ₹773.73 Crore in HSN Code 50020010 Goods

In FY 2024-25, India's imports of ₹798.24 Cr exceeded exports of ₹24.51 Cr, resulting in a trade deficit of ₹773.73 Crore — ranking #12113 of 12657 by surplus magnitude.

Import Growth of 2.95% CAGR Signals Stable Import Dependency for Raw Silk | Mulberry Raw Silk

India's imports under HSN Code 50020010 have grown at 2.95% CAGR, reaching ₹798.24 Crore in FY 2024-25.

HSN Code 50020010 Contributes 96.57% of Sub-Chapter 5002 Exports — Ranked #1

Among the 3 HSN codes under Sub-Chapter 5002, HSN Code 50020010 ranks #1 by export value — accounting for 96.57% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 79.66% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 50020010 and GST compliance.

What products are classified under HSN 50020010 ?

It includes Raw Silk | Non-Mulberry Silk

Does packaging or labelling change the GST for Raw Silk / Mulberry Raw Silk?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

How much GST applies to Raw Silk / Mulberry Raw Silk?

Under HSN 50020010, Raw Silk / Mulberry Raw Silk attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Raw Silk / Mulberry Raw Silk is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Raw Silk / Mulberry Raw Silk; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Raw Silk / Mulberry Raw Silk?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Any common misclassification issue with Raw Silk / Mulberry Raw Silk?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Raw Silk / Mulberry Raw Silk?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.