HSN Code 50040090: Other Silk Yarn (Non-Retail)
HSN Code 50040090 represents Other Silk Yarn (Non-Retail) under GST classification. This code helps businesses identify Other Silk Yarn (Non-Retail) correctly for billing, taxation, and trade. With HSN Code 50040090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Silk Yarn (Non-Retail).
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Description of Goods for HSN Code 50040090
HSN Code 50040090 relates to the following description.
What does HSN Code 50040090 not include?
Other Silk Yarn (Non-Retail) does not include products with the following descriptions.
Silk yarn (other than yarn spun from silk waste) not put up for retail sale : 100% mulberry dupion silk yarn
Silk yarn (other than yarn spun from silk waste) not put up for retail sale : 100% mulberry dupion silk yarn
India’s Trade Performance — HSN Code 50040090 in FY 2024-25
India’s Exports
FY 2024-25₹7 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹123 Cr
0.0020% of India’s total imports
Trade Balance
FY 2024-25−₹116 Cr
Surplus rank #10910 of 12657 HSN codes
% of Sub-Chapter 5004
FY 2024-2547.58%
Share of Sub-Chapter 5004’s total exports in FY 2024-25
Import side: 96.35% of Sub-Chapter 5004’s imports
Rank Within Sub-Chapter 5004
FY 2024-25#2 of 2
Position by export value among HSN codes in Sub-Chapter 5004
Import-side rank: #1 of 2
At a glance
14.72%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6192
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+712.62%
Peak Growth Year
FY 2021-22 · strongest single-year move
47.58%
Contribution to Sub-Ch. 5004
Share of Sub-Chapter 5004 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 50040090
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−80.67
Exports
3.15 ₹ Cr
0.0001% share
— YoY
90.00% of Sub-Ch. 5004
Imports
83.82 ₹ Cr
0.0023% share
— YoY
100.00% of Sub-Ch. 5004
Balance
−61.93
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−73.02% YoY
65.38% of Sub-Ch. 5004
Imports
62.78 ₹ Cr
0.0019% share
−25.10% YoY
98.51% of Sub-Ch. 5004
Balance
−41.41
Exports
1.03 ₹ Cr
0.0000% share
+21.18% YoY
26.62% of Sub-Ch. 5004
Imports
42.44 ₹ Cr
0.0015% share
−32.40% YoY
97.72% of Sub-Ch. 5004
Balance
−43.99
Exports
8.37 ₹ Cr
0.0003% share
+712.62% YoY
72.66% of Sub-Ch. 5004
Imports
52.36 ₹ Cr
0.0011% share
+23.37% YoY
98.90% of Sub-Ch. 5004
Balance
−124.70
Exports
6.58 ₹ Cr
0.0002% share
−21.39% YoY
60.76% of Sub-Ch. 5004
Imports
131.28 ₹ Cr
0.0023% share
+150.73% YoY
99.15% of Sub-Ch. 5004
Balance
−102.58
Exports
6.48 ₹ Cr
0.0002% share
−1.52% YoY
53.69% of Sub-Ch. 5004
Imports
109.06 ₹ Cr
0.0019% share
−16.93% YoY
99.55% of Sub-Ch. 5004
Balance
−116.22
Exports
7.18 ₹ Cr
0.0002% share
+10.80% YoY
47.58% of Sub-Ch. 5004
Imports
123.40 ₹ Cr
0.0020% share
+13.15% YoY
96.35% of Sub-Ch. 5004
CAGR · 7-Year
Exports
14.72% /yr
Imports
6.66% /yr
reference, FY 2024-25
Export
₹15.09 Cr
Import
₹128.08 Cr
Trade Balance
−112.99
Key Trade Insights: HSN Code 50040090 Export-Import Analysis
Consistent Export Growth: 14.72% CAGR Over 7 Years
India's exports under HSN Code 50040090 have grown at a compound annual rate of 14.72% over 7 fiscal years, rising from ₹3.15 Crore in FY 2018-19 to ₹7.18 Crore in FY 2024-25.
HSN Code 50040090 Ranked #6192 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 50040090 ranks #6192 out of 12657 HSN codes by total export value. Within Sub-Chapter 5004, it ranks #2 of 2. By trade surplus, it ranks #10910 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 50040090 Exports
The strongest single-year export movement for HSN Code 50040090 was recorded in FY 2021-22, when exports surged by 712.62% over the prior year.
India Records a Trade Deficit of ₹116.22 Crore in HSN Code 50040090 Goods
In FY 2024-25, India's imports of ₹123.40 Cr exceeded exports of ₹7.18 Cr, resulting in a trade deficit of ₹116.22 Crore — ranking #10910 of 12657 by surplus magnitude.
Import Growth of 6.66% CAGR Signals Stable Import Dependency for Other Silk Yarn (Non-Retail)
India's imports under HSN Code 50040090 have grown at 6.66% CAGR, reaching ₹123.40 Crore in FY 2024-25.
HSN Code 50040090 Contributes 47.58% of Sub-Chapter 5004 Exports — Ranked #2
Among the 2 HSN codes under Sub-Chapter 5004, HSN Code 50040090 ranks #2 by export value — accounting for 47.58% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 96.35% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 50040090 and GST compliance.
What products are classified under HSN 50040090 ?
It includes Noil Silk Yarn
Any common misclassification issue with Other Silk Yarn (Non-Retail)?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
How should mixed supplies be billed when Other Silk Yarn (Non-Retail) is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Silk Yarn (Non-Retail); Nil for exempt items if applicable).
Does packaging or labelling change the GST for Other Silk Yarn (Non-Retail)?
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.
Can we claim ITC on inputs used to trade Other Silk Yarn (Non-Retail)?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Do e‑way bill and e‑invoice apply for Other Silk Yarn (Non-Retail)?
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.