HSN Code 50050011: Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk

HSN Code 50050011 represents Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk under GST classification. This code helps businesses identify Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk correctly for billing, taxation, and trade. With HSN Code 50050011, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk.

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Description of Goods for HSN Code 50050011

HSN Code 50050011 relates to the following description.

Description of Goods

Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : Other than noil silk

Chapter

50 - Silk

Sub Chapter

5005 - Yarn spun from silk waste, not put up for retail sale

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 50050011 not include?

Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk does not include products with the following descriptions.

HSN Code 50050012

Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : From noil silk

HSN Code 50050021

Yarn spun from silk waste, not put up for retail sale : Other than noil silk

India’s Trade Performance — HSN Code 50050011 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

₹14 Cr

+22.61% vs FY 2023-24

0.0004% of India’s total exports

India’s Imports

FY 2024-25

₹48 Cr

−2.88% vs FY 2023-24

0.0008% of India’s total imports

Trade Balance

FY 2024-25

−₹34 Cr

Trade Deficit

Surplus rank #9945 of 12657 HSN codes

% of Sub-Chapter 5005

FY 2024-25

70.36%

Share of Sub-Chapter 5005’s total exports in FY 2024-25

Import side: 97.24% of Sub-Chapter 5005’s imports

Rank Within Sub-Chapter 5005

FY 2024-25

#1 of 4

Position by export value among HSN codes in Sub-Chapter 5005

Import-side rank: #1 of 4

At a glance

10.35%

Export CAGR

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

#5345

National Export Rank

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

+63.47%

Peak Growth Year

FY 2020-21 · strongest single-year move

70.36%

Contribution to Sub-Ch. 5005

Share of Sub-Chapter 5005 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 50050011

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 #5307

Balance

−14.90

Exports

7.81 ₹ Cr

0.0003% share

— YoY

56.88% of Sub-Ch. 5005

Imports

22.71 ₹ Cr

0.0006% share

— YoY

99.21% of Sub-Ch. 5005

FY 2019-20 Exp. Rank #5430

Balance

−18.41

Exports

7.09 ₹ Cr

0.0003% share

−9.22% YoY

69.78% of Sub-Ch. 5005

Imports

25.50 ₹ Cr

0.0008% share

+12.29% YoY

87.21% of Sub-Ch. 5005

FY 2020-21 Exp. Rank #4878

Balance

−5.24

Exports

11.59 ₹ Cr

0.0005% share

+63.47% YoY

62.68% of Sub-Ch. 5005

Imports

16.83 ₹ Cr

0.0006% share

−34.00% YoY

96.01% of Sub-Ch. 5005

FY 2021-22 Exp. Rank #5049

Balance

−16.04

Exports

14.03 ₹ Cr

0.0004% share

+21.05% YoY

77.47% of Sub-Ch. 5005

Imports

30.07 ₹ Cr

0.0007% share

+78.67% YoY

94.68% of Sub-Ch. 5005

FY 2022-23 Exp. Rank #5173

Balance

−47.11

Exports

13.98 ₹ Cr

0.0004% share

−0.36% YoY

74.52% of Sub-Ch. 5005

Imports

61.09 ₹ Cr

0.0011% share

+103.16% YoY

99.43% of Sub-Ch. 5005

FY 2023-24 Exp. Rank #5541

Balance

−37.54

Exports

11.50 ₹ Cr

0.0003% share

−17.74% YoY

65.71% of Sub-Ch. 5005

Imports

49.04 ₹ Cr

0.0009% share

−19.73% YoY

97.42% of Sub-Ch. 5005

FY 2024-25 Exp. Rank #5345

Balance

−33.53

Exports

14.10 ₹ Cr

0.0004% share

+22.61% YoY

70.36% of Sub-Ch. 5005

Imports

47.63 ₹ Cr

0.0008% share

−2.88% YoY

97.24% of Sub-Ch. 5005

CAGR · 7-Year

Exports

10.35% /yr

Imports

13.14% /yr

Consistently Deficit
Sub-Chapter 5005 total

reference, FY 2024-25

Export

₹20.04 Cr

Import

₹48.98 Cr

Trade Balance

−28.94

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

Key Trade Insights: HSN Code 50050011 Export-Import Analysis

Consistent Export Growth: 10.35% CAGR Over 7 Years

India's exports under HSN Code 50050011 have grown at a compound annual rate of 10.35% over 7 fiscal years, rising from ₹7.81 Crore in FY 2018-19 to ₹14.10 Crore in FY 2024-25.

HSN Code 50050011 Ranked #5345 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 50050011 ranks #5345 out of 12657 HSN codes by total export value. Within Sub-Chapter 5005, it ranks #1 of 4. By trade surplus, it ranks #9945 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 50050011 Exports

The strongest single-year export movement for HSN Code 50050011 was recorded in FY 2020-21, when exports surged by 63.47% over the prior year.

India Records a Trade Deficit of ₹33.53 Crore in HSN Code 50050011 Goods

In FY 2024-25, India's imports of ₹47.63 Cr exceeded exports of ₹14.10 Cr, resulting in a trade deficit of ₹33.53 Crore — ranking #9945 of 12657 by surplus magnitude.

Import Growth of 13.14% CAGR Signals Rising Demand for Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk

India's imports under HSN Code 50050011 have grown at 13.14% CAGR, reaching ₹47.63 Crore in FY 2024-25.

HSN Code 50050011 Contributes 70.36% of Sub-Chapter 5005 Exports — Ranked #1

Among the 4 HSN codes under Sub-Chapter 5005, HSN Code 50050011 ranks #1 by export value — accounting for 70.36% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 97.24% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 50050011 and GST compliance.

What products are classified under HSN 50050011 ?

It includes Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale

Can we claim ITC on inputs used to trade Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk?

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: Other Than Noil Silk, Containing ≥85% 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.

Any common misclassification issue with Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk?

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

How much GST applies to Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk?

Under HSN 50050011, Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk 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: Other Than Noil Silk, Containing ≥85% Silk; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% 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.