HSN Code 50050021: Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale

HSN Code 50050021 represents Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale under GST classification. This code helps businesses identify Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale correctly for billing, taxation, and trade. With HSN Code 50050021, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 50050021

HSN Code 50050021 relates to the following description.

Description of Goods

Yarn spun from silk waste, not put up for retail sale : 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 50050021 not include?

Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale 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 50050012

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

India’s Trade Performance — HSN Code 50050021 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

+133.62% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+3,500.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹2 Cr

Trade Surplus

Surplus rank #4165 of 12657 HSN codes

% of Sub-Chapter 5005

FY 2024-25

13.52%

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

Import side: 0.74% of Sub-Chapter 5005’s imports

Rank Within Sub-Chapter 5005

FY 2024-25

#2 of 4

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

Import-side rank: #3 of 4

At a glance

45.13%

Export CAGR

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

#7302

National Export Rank

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

+400.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

13.52%

Contribution to Sub-Ch. 5005

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

India Export-Import Trade Statistics for HSN Code 50050021

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 #8572

Balance

+0.24

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

2.11% of Sub-Ch. 5005

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.22% of Sub-Ch. 5005

FY 2019-20 Exp. Rank #8661

Balance

−1.12

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−10.34% YoY

2.56% of Sub-Ch. 5005

Imports

1.38 ₹ Cr

0.0000% share

+2,660.00% YoY

4.72% of Sub-Ch. 5005

FY 2020-21 Exp. Rank #8805

Balance

+0.22

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−15.38% YoY

1.19% of Sub-Ch. 5005

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5005

FY 2021-22 Exp. Rank #7894

Balance

+1.10

Exports

1.10 ₹ Cr

0.0000% share

+400.00% YoY

6.07% of Sub-Ch. 5005

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5005

FY 2022-23 Exp. Rank #7568

Balance

+1.40

Exports

1.75 ₹ Cr

0.0000% share

+59.09% YoY

9.33% of Sub-Ch. 5005

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.57% of Sub-Ch. 5005

FY 2023-24 Exp. Rank #8111

Balance

+1.15

Exports

1.16 ₹ Cr

0.0000% share

−33.71% YoY

6.63% of Sub-Ch. 5005

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−97.14% YoY

0.02% of Sub-Ch. 5005

FY 2024-25 Exp. Rank #7302

Balance

+2.35

Exports

2.71 ₹ Cr

0.0001% share

+133.62% YoY

13.52% of Sub-Ch. 5005

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+3,500.00% YoY

0.74% of Sub-Ch. 5005

CAGR · 7-Year

Exports

45.13% /yr

Imports

38.96% /yr

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 50050021 Export-Import Analysis

Consistent Export Growth: 45.13% CAGR Over 7 Years

India's exports under HSN Code 50050021 have grown at a compound annual rate of 45.13% over 7 fiscal years, rising from ₹0.29 Crore in FY 2018-19 to ₹2.71 Crore in FY 2024-25.

HSN Code 50050021 Ranked #7302 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 50050021 ranks #7302 out of 12657 HSN codes by total export value. Within Sub-Chapter 5005, it ranks #2 of 4. By trade surplus, it ranks #4165 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 50050021 Exports

The strongest single-year export movement for HSN Code 50050021 was recorded in FY 2021-22, when exports surged by 400.00% over the prior year.

India Maintains a Trade Surplus of ₹2.35 Crore in HSN Code 50050021 Goods

In FY 2024-25, India's exports of ₹2.71 Cr exceeded imports of ₹0.36 Cr, resulting in a trade surplus of ₹2.35 Crore — ranking #4165 of 12657 by surplus magnitude.

Import Growth of 38.96% CAGR Signals Rising Demand for Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale

India's imports under HSN Code 50050021 have grown at 38.96% CAGR, reaching ₹0.36 Crore in FY 2024-25.

HSN Code 50050021 Contributes 13.52% of Sub-Chapter 5005 Exports — Ranked #2

Among the 4 HSN codes under Sub-Chapter 5005, HSN Code 50050021 ranks #2 by export value — accounting for 13.52% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.74% share (rank #3).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 50050021 and GST compliance.

What products are classified under HSN 50050021 ?

It includes Silk Embroidery Thread

Does packaging or labelling change the GST for Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale?

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

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 Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale 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, Not for Retail Sale; Nil for exempt items if applicable).

How much GST applies to Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale?

Under HSN 50050021, Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale?

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.