HSN Code 50020030: Raw Silk | Non-Mulberry Silk
HSN Code 50020030 represents Raw Silk | Non-Mulberry Silk under GST classification. This code helps businesses identify Raw Silk | Non-Mulberry Silk correctly for billing, taxation, and trade. With HSN Code 50020030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Raw Silk | Non-Mulberry Silk.
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Description of Goods for HSN Code 50020030
HSN Code 50020030 relates to the following description.
What does HSN Code 50020030 not include?
Raw Silk | Non-Mulberry Silk does not include products with the following descriptions.
Raw silk (not thrown) : Mulberry raw silk
Raw silk (not thrown) : Mulberry dupion silk
India’s Trade Performance — HSN Code 50020030 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹201 Cr
0.0033% of India’s total imports
Trade Balance
FY 2024-25−₹200 Cr
Surplus rank #11315 of 12657 HSN codes
% of Sub-Chapter 5002
FY 2024-251.50%
Share of Sub-Chapter 5002’s total exports in FY 2024-25
Import side: 20.04% of Sub-Chapter 5002’s imports
Rank Within Sub-Chapter 5002
FY 2024-25#3 of 3
Position by export value among HSN codes in Sub-Chapter 5002
Import-side rank: #2 of 3
At a glance
15.51%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#9046
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,623.08%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.50%
Contribution to Sub-Ch. 5002
Share of Sub-Chapter 5002 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 50020030
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−149.96
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
11.76% of Sub-Ch. 5002
Imports
150.12 ₹ Cr
0.0042% share
— YoY
14.42% of Sub-Ch. 5002
Balance
−195.04
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+12.50% YoY
15.65% of Sub-Ch. 5002
Imports
195.22 ₹ Cr
0.0058% share
+30.04% YoY
16.99% of Sub-Ch. 5002
Balance
−82.70
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+116.67% YoY
30.00% of Sub-Ch. 5002
Imports
83.09 ₹ Cr
0.0029% share
−57.44% YoY
14.56% of Sub-Ch. 5002
Balance
−134.25
Exports
6.72 ₹ Cr
0.0002% share
+1,623.08% YoY
59.63% of Sub-Ch. 5002
Imports
140.97 ₹ Cr
0.0031% share
+69.66% YoY
17.20% of Sub-Ch. 5002
Balance
−220.90
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−98.51% YoY
5.59% of Sub-Ch. 5002
Imports
221.00 ₹ Cr
0.0038% share
+56.77% YoY
12.90% of Sub-Ch. 5002
Balance
−244.80
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+230.00% YoY
2.15% of Sub-Ch. 5002
Imports
245.13 ₹ Cr
0.0044% share
+10.92% YoY
19.53% of Sub-Ch. 5002
Balance
−200.39
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+15.15% YoY
1.50% of Sub-Ch. 5002
Imports
200.77 ₹ Cr
0.0033% share
−18.10% YoY
20.04% of Sub-Ch. 5002
CAGR · 7-Year
Exports
15.51% /yr
Imports
4.96% /yr
reference, FY 2024-25
Export
₹25.38 Cr
Import
₹1,002.03 Cr
Trade Balance
−976.65
Key Trade Insights: HSN Code 50020030 Export-Import Analysis
Consistent Export Growth: 15.51% CAGR Over 7 Years
India's exports under HSN Code 50020030 have grown at a compound annual rate of 15.51% over 7 fiscal years, rising from ₹0.16 Crore in FY 2018-19 to ₹0.38 Crore in FY 2024-25.
HSN Code 50020030 Ranked #9046 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 50020030 ranks #9046 out of 12657 HSN codes by total export value. Within Sub-Chapter 5002, it ranks #3 of 3. By trade surplus, it ranks #11315 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 50020030 Exports
The strongest single-year export movement for HSN Code 50020030 was recorded in FY 2021-22, when exports surged by 1,623.08% over the prior year.
India Records a Trade Deficit of ₹200.39 Crore in HSN Code 50020030 Goods
In FY 2024-25, India's imports of ₹200.77 Cr exceeded exports of ₹0.38 Cr, resulting in a trade deficit of ₹200.39 Crore — ranking #11315 of 12657 by surplus magnitude.
Import Growth of 4.96% CAGR Signals Stable Import Dependency for Raw Silk | Non-Mulberry Silk
India's imports under HSN Code 50020030 have grown at 4.96% CAGR, reaching ₹200.77 Crore in FY 2024-25.
HSN Code 50020030 Contributes 1.50% of Sub-Chapter 5002 Exports — Ranked #3
Among the 3 HSN codes under Sub-Chapter 5002, HSN Code 50020030 ranks #3 by export value — accounting for 1.50% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 20.04% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 50020030 and GST compliance.
What products are classified under HSN 50020030 ?
It includes Silk Yarn and Yarn of Silk Waste
Can we claim ITC on inputs used to trade Raw Silk / Non-Mulberry Silk?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
How should mixed supplies be billed when Raw Silk / Non-Mulberry 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 / Non-Mulberry Silk; Nil for exempt items if applicable).
How much GST applies to Raw Silk / Non-Mulberry Silk?
Under HSN 50020030, Raw Silk / Non-Mulberry Silk attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Do e‑way bill and e‑invoice apply for Raw Silk / Non-Mulberry 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.
Does packaging or labelling change the GST for Raw Silk / Non-Mulberry 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.