HSN Code 50050012: Noil Silk Yarn

HSN Code 50050012 represents Noil Silk Yarn under GST classification. This code helps businesses identify Noil Silk Yarn correctly for billing, taxation, and trade. With HSN Code 50050012, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Noil Silk Yarn.

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Description of Goods for HSN Code 50050012

HSN Code 50050012 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 : From 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 50050012 not include?

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

HSN Code 50050011

Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : Other than 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 50050012 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

₹3 Cr

−22.85% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

0.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹2 Cr

Trade Surplus

Surplus rank #4157 of 12657 HSN codes

% of Sub-Chapter 5005

FY 2024-25

12.97%

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

Import side: 0.39% of Sub-Chapter 5005’s imports

Rank Within Sub-Chapter 5005

FY 2024-25

#3 of 4

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

Import-side rank: #4 of 4

At a glance

−4.14%

Export CAGR

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

#7350

National Export Rank

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

+225.29%

Peak Growth Year

FY 2020-21 · strongest single-year move

12.97%

Contribution to Sub-Ch. 5005

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

India Export-Import Trade Statistics for HSN Code 50050012

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 #6342

Balance

+3.35

Exports

3.35 ₹ Cr

0.0001% share

— YoY

24.40% of Sub-Ch. 5005

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5005

FY 2019-20 Exp. Rank #7078

Balance

+1.70

Exports

1.74 ₹ Cr

0.0001% share

−48.06% YoY

17.13% of Sub-Ch. 5005

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.14% of Sub-Ch. 5005

FY 2020-21 Exp. Rank #5793

Balance

+5.66

Exports

5.66 ₹ Cr

0.0003% share

+225.29% YoY

30.61% of Sub-Ch. 5005

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5005

FY 2021-22 Exp. Rank #7182

Balance

+2.24

Exports

2.28 ₹ Cr

0.0001% share

−59.72% YoY

12.59% of Sub-Ch. 5005

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.13% of Sub-Ch. 5005

FY 2022-23 Exp. Rank #7022

Balance

+2.95

Exports

2.95 ₹ Cr

0.0001% share

+29.39% YoY

15.72% of Sub-Ch. 5005

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5005

FY 2023-24 Exp. Rank #7008

Balance

+3.18

Exports

3.37 ₹ Cr

0.0001% share

+14.24% YoY

19.26% of Sub-Ch. 5005

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.38% of Sub-Ch. 5005

FY 2024-25 Exp. Rank #7350

Balance

+2.41

Exports

2.60 ₹ Cr

0.0001% share

−22.85% YoY

12.97% of Sub-Ch. 5005

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.39% of Sub-Ch. 5005

CAGR · 7-Year

Exports

−4.14% /yr

Imports

—

Consistently Surplus
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 50050012 Export-Import Analysis

Export Decline: −4.14% CAGR Over 7 Years

India's exports under HSN Code 50050012 have declined at a compound annual rate of −4.14% over 7 fiscal years, falling from ₹3.35 Crore in FY 2018-19 to ₹2.60 Crore in FY 2024-25.

HSN Code 50050012 Ranked #7350 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 50050012 ranks #7350 out of 12657 HSN codes by total export value. Within Sub-Chapter 5005, it ranks #3 of 4. By trade surplus, it ranks #4157 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 50050012 Exports

The strongest single-year export movement for HSN Code 50050012 was recorded in FY 2020-21, when exports surged by 225.29% over the prior year.

India Maintains a Trade Surplus of ₹2.41 Crore in HSN Code 50050012 Goods

In FY 2024-25, India's exports of ₹2.60 Cr exceeded imports of ₹0.19 Cr, resulting in a trade surplus of ₹2.41 Crore — ranking #4157 of 12657 by surplus magnitude.

HSN Code 50050012 Contributes 12.97% of Sub-Chapter 5005 Exports — Ranked #3

Among the 4 HSN codes under Sub-Chapter 5005, HSN Code 50050012 ranks #3 by export value — accounting for 12.97% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.39% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 50050012 and GST compliance.

What products are classified under HSN 50050012 ?

It includes Yarn spun from silk waste, not put up for retail sale : From noil silk

How much GST applies to Noil Silk Yarn?

Under HSN 50050012, Noil Silk Yarn attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Noil Silk Yarn?

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 Noil Silk 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.

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

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 Noil Silk Yarn?

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 Noil Silk Yarn is sold with other items?

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

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.