HSN Code 50060019: Other Silk Yarn (Non-Retail)
HSN Code 50060019 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 50060019, 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 50060019
HSN Code 50060019 relates to the following description.
What does HSN Code 50060019 not include?
Other Silk Yarn (Non-Retail) does not include products with the following descriptions.
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Silk yarn : Silk embroidery thread
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or more by weight of silk :
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or more by weight of silk : Other
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or less by weight of silk : Spun from silk waste other than noil silk
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or less by weight of silk : Yarn spun from noil silk
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or less by weight of silk : Silk embroidery thread
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or less by weight of silk : Other
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Other
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Silk yarn : Silk embroidery thread
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or more by weight of silk :
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or more by weight of silk : Other
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or less by weight of silk : Spun from silk waste other than noil silk
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or less by weight of silk : Yarn spun from noil silk
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or less by weight of silk : Silk embroidery thread
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Yarn spun from silk waste containing 85% or less by weight of silk : Other
Silk yarn and yarn spun from silk waste, put up for retail sale; silk worm gut : Other
India’s Trade Performance — HSN Code 50060019 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #5026 of 12657 HSN codes
% of Sub-Chapter 5006
FY 2024-253.54%
Share of Sub-Chapter 5006’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 5006’s imports
Rank Within Sub-Chapter 5006
FY 2024-25#5 of 9
Position by export value among HSN codes in Sub-Chapter 5006
At a glance
−25.48%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#9301
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+202.48%
Peak Growth Year
FY 2022-23 · strongest single-year move
3.54%
Contribution to Sub-Ch. 5006
Share of Sub-Chapter 5006 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 50060019
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+1.43
Exports
1.46 ₹ Cr
0.0001% share
— YoY
23.78% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.40% of Sub-Ch. 5006
Balance
+2.09
Exports
2.09 ₹ Cr
0.0001% share
+43.15% YoY
50.24% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5006
Balance
+3.35
Exports
3.35 ₹ Cr
0.0002% share
+60.29% YoY
60.14% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5006
Balance
+1.61
Exports
1.61 ₹ Cr
0.0001% share
−51.94% YoY
33.61% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5006
Balance
+4.87
Exports
4.87 ₹ Cr
0.0001% share
+202.48% YoY
66.17% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5006
Balance
+0.24
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−94.66% YoY
5.08% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.17% of Sub-Ch. 5006
Balance
+0.25
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−3.85% YoY
3.54% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5006
CAGR · 7-Year
Exports
−25.48% /yr
Imports
—
Key Trade Insights: HSN Code 50060019 Export-Import Analysis
Export Decline: −25.48% CAGR Over 7 Years
India's exports under HSN Code 50060019 have declined at a compound annual rate of −25.48% over 7 fiscal years, falling from ₹1.46 Crore in FY 2018-19 to ₹0.25 Crore in FY 2024-25.
HSN Code 50060019 Ranked #9301 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 50060019 ranks #9301 out of 12657 HSN codes by total export value. Within Sub-Chapter 5006, it ranks #5 of 9. By trade surplus, it ranks #5026 of 12657.
FY 2022-23 Was the Strongest Growth Year for HSN Code 50060019 Exports
The strongest single-year export movement for HSN Code 50060019 was recorded in FY 2022-23, when exports surged by 202.48% over the prior year.
India Maintains a Trade Surplus of ₹0.25 Crore in HSN Code 50060019 Goods
In FY 2024-25, India's exports of ₹0.25 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.25 Crore — ranking #5026 of 12657 by surplus magnitude.
HSN Code 50060019 Contributes 3.54% of Sub-Chapter 5006 Exports — Ranked #5
Among the 9 HSN codes under Sub-Chapter 5006, HSN Code 50060019 ranks #5 by export value — accounting for 3.54% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.
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Frequently Asked Questions
Clear answers to common queries about HSN Code 50060019 and GST compliance.
What products are classified under HSN 50060019 ?
It includes Other Silk Waste Yarn (>85% Silk)
How much GST applies to Other Silk Yarn (Non-Retail)?
Under HSN 50060019, Other Silk Yarn (Non-Retail) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
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).
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.
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.