HSN Code 50030010: Silk Waste Yarn

HSN Code 50030010 represents Silk Waste Yarn under GST classification. This code helps businesses identify Silk Waste Yarn correctly for billing, taxation, and trade. With HSN Code 50030010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Silk Waste Yarn.

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Description of Goods for HSN Code 50030010

HSN Code 50030010 relates to the following description.

Description of Goods

Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Mulberry silk waste

Chapter

50 - Silk

Sub Chapter

5003 - Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)

CGST

0%

SGST

0%

IGST

0%

CESS

0%

What does HSN Code 50030010 not include?

Silk Waste Yarn does not include products with the following descriptions.

HSN Code 50030030

Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Eri waste

HSN Code 50030040

Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Munga waste

HSN Code 50030090

Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Other

HSN Code 50031010

Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) not carded or combed mulberry silk waste

HSN Code 50031020

Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) : Tussar silk waste

HSN Code 50031090

Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) not carded or combed other

HSN Code 50039010

Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : mulberry silk waste

HSN Code 50039020

Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : tussar waste

HSN Code 50039030

Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : eri waste

HSN Code 50039040

Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : munga waste

HSN Code 50039090

Silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock) - other : other

India’s Trade Performance — HSN Code 50030010 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

₹79 Cr

−18.04% vs FY 2023-24

0.0022% of India’s total exports

India’s Imports

FY 2024-25

₹5 Cr

−18.97% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹74 Cr

Trade Surplus

Surplus rank #1834 of 12657 HSN codes

% of Sub-Chapter 5003

FY 2024-25

29.93%

Share of Sub-Chapter 5003’s total exports in FY 2024-25

Import side: 38.68% of Sub-Chapter 5003’s imports

Rank Within Sub-Chapter 5003

FY 2024-25

#2 of 13

Position by export value among HSN codes in Sub-Chapter 5003

Import-side rank: #2 of 13

At a glance

7.79%

Export CAGR

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

#2983

National Export Rank

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

+95.33%

Peak Growth Year

FY 2023-24 · strongest single-year move

29.93%

Contribution to Sub-Ch. 5003

Share of Sub-Chapter 5003 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 50030010

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 #2846

Balance

+40.68

Exports

50.49 ₹ Cr

0.0022% share

— YoY

39.02% of Sub-Ch. 5003

Imports

9.81 ₹ Cr

0.0003% share

— YoY

26.97% of Sub-Ch. 5003

FY 2019-20 Exp. Rank #3426

Balance

+26.80

Exports

34.09 ₹ Cr

0.0015% share

−32.48% YoY

34.68% of Sub-Ch. 5003

Imports

7.29 ₹ Cr

0.0002% share

−25.69% YoY

40.41% of Sub-Ch. 5003

FY 2020-21 Exp. Rank #3379

Balance

+34.55

Exports

36.81 ₹ Cr

0.0017% share

+7.98% YoY

24.42% of Sub-Ch. 5003

Imports

2.26 ₹ Cr

0.0001% share

−69.00% YoY

76.61% of Sub-Ch. 5003

FY 2021-22 Exp. Rank #3232

Balance

+53.13

Exports

54.94 ₹ Cr

0.0018% share

+49.25% YoY

26.32% of Sub-Ch. 5003

Imports

1.81 ₹ Cr

0.0000% share

−19.91% YoY

30.37% of Sub-Ch. 5003

FY 2022-23 Exp. Rank #3487

Balance

+44.50

Exports

49.48 ₹ Cr

0.0014% share

−9.94% YoY

27.61% of Sub-Ch. 5003

Imports

4.98 ₹ Cr

0.0001% share

+175.14% YoY

56.66% of Sub-Ch. 5003

FY 2023-24 Exp. Rank #2627

Balance

+90.64

Exports

96.65 ₹ Cr

0.0027% share

+95.33% YoY

30.43% of Sub-Ch. 5003

Imports

6.01 ₹ Cr

0.0001% share

+20.68% YoY

42.41% of Sub-Ch. 5003

FY 2024-25 Exp. Rank #2983

Balance

+74.34

Exports

79.21 ₹ Cr

0.0022% share

−18.04% YoY

29.93% of Sub-Ch. 5003

Imports

4.87 ₹ Cr

0.0001% share

−18.97% YoY

38.68% of Sub-Ch. 5003

CAGR · 7-Year

Exports

7.79% /yr

Imports

−11.02% /yr

Consistently Surplus
Sub-Chapter 5003 total

reference, FY 2024-25

Export

₹264.67 Cr

Import

₹12.59 Cr

Trade Balance

+252.08

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

Key Trade Insights: HSN Code 50030010 Export-Import Analysis

Consistent Export Growth: 7.79% CAGR Over 7 Years

India's exports under HSN Code 50030010 have grown at a compound annual rate of 7.79% over 7 fiscal years, rising from ₹50.49 Crore in FY 2018-19 to ₹79.21 Crore in FY 2024-25.

HSN Code 50030010 Ranked #2983 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 50030010 ranks #2983 out of 12657 HSN codes by total export value. Within Sub-Chapter 5003, it ranks #2 of 13. By trade surplus, it ranks #1834 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 50030010 Exports

The strongest single-year export movement for HSN Code 50030010 was recorded in FY 2023-24, when exports surged by 95.33% over the prior year.

India Maintains a Trade Surplus of ₹74.34 Crore in HSN Code 50030010 Goods

In FY 2024-25, India's exports of ₹79.21 Cr exceeded imports of ₹4.87 Cr, resulting in a trade surplus of ₹74.34 Crore — ranking #1834 of 12657 by surplus magnitude.

Import Growth of −11.02% CAGR Signals Stable Import Dependency for Silk Waste Yarn

India's imports under HSN Code 50030010 have grown at −11.02% CAGR, reaching ₹4.87 Crore in FY 2024-25.

HSN Code 50030010 Contributes 29.93% of Sub-Chapter 5003 Exports — Ranked #2

Among the 13 HSN codes under Sub-Chapter 5003, HSN Code 50030010 ranks #2 by export value — accounting for 29.93% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 38.68% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 50030010 and GST compliance.

What products are classified under HSN 50030010 ?

It includes Munga Silk Waste

Any common misclassification issue with Silk Waste Yarn?

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

Can we claim ITC on inputs used to trade Silk Waste Yarn?

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

Does packaging or labelling change the GST for Silk Waste Yarn?

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 should mixed supplies be billed when Silk Waste Yarn is sold with other items?

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

How much GST applies to Silk Waste Yarn?

Under HSN 50030010, Silk Waste Yarn attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.