--- title: "HSN Code for Other Silk Waste Yarn (>85% Silk) | HSN 50060029 GST Rate" description: "Find HSN and GST Rates for 50060029 related to Other Silk Waste Yarn (>85% Silk) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-50060029/" --- # HSN Code 50060029: Other Silk Waste Yarn (>85% Silk) - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 50: Silk](https://busy.in/hsn/chapter-50/) - [Sub-chapter 5006: Metal working machines](https://busy.in/hsn/sub-chapter-5006/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | 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 | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 50060029 ? It includes Spun Silk Waste Yarn (excl. Noil) ### How much GST applies to Other Silk Waste Yarn (>85% Silk)? Under HSN 50060029, Other Silk Waste Yarn (>85% Silk) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Other Silk Waste Yarn (>85% Silk) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Silk Waste Yarn (>85% Silk); Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Other Silk Waste Yarn (>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. ### Any common misclassification issue with Other Silk Waste Yarn (>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. ### Does packaging or labelling change the GST for Other Silk Waste Yarn (>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. ## India's trade performance: HSN Code 50060029 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−50.00% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (−88.89% YoY) — 0.0000% of India's total imports - Trade balance: Nil (Neutral); surplus rank #5711 of 12657 HSN codes - Share of Sub-Chapter 5006: 0.14% of its exports; import side 0.10% - Rank within Sub-Chapter 5006: #6 of 9 by export value; import-side #3 ### Key metrics - Export CAGR: -25.82% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #10437 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +300.00% in FY 2022-23 - Contribution to Sub-Ch. 5006: 0.14% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 50060029 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 5006 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5006 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.98% | < ₹1 Crore | 0.0000% | — | 0.93% | −0.01 | #9428 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +116.67% | 3.13% | Nil | 0.0000% | −100.00% | 0.00% | +0.13 | #9054 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −92.31% | 0.18% | Nil | 0.0000% | — | 0.00% | +0.01 | #9985 | | FY 2021-22 | < ₹1 Crore | 0.0000% | 0.00% | 0.21% | Nil | 0.0000% | — | 0.00% | +0.01 | #10198 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +300.00% | 0.54% | < ₹1 Crore | 0.0000% | — | 0.55% | −0.02 | #9967 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −50.00% | 0.39% | < ₹1 Crore | 0.0000% | +50.00% | 0.76% | −0.07 | #10338 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −50.00% | 0.14% | < ₹1 Crore | 0.0000% | −88.89% | 0.10% | 0.00 | #10437 | - CAGR (7-year): exports -25.82%/yr, imports -27.70%/yr (consistently Neutral) ## Key trade insights: HSN Code 50060029 export-import analysis ### Export decline: -25.82% CAGR over 7 years India's exports under HSN Code 50060029 have declined at a compound annual rate of -25.82% over 7 fiscal years, falling from ₹0.06 Crore in FY 2018-19 to ₹0.01 Crore in FY 2024-25. ### HSN Code 50060029 ranked #10437 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 50060029 ranks #10437 out of 12657 HSN codes by total export value. Within Sub-Chapter 5006, it ranks #6 of 9. By trade surplus, it ranks #5711 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 50060029 exports The strongest single-year export movement for HSN Code 50060029 was recorded in FY 2022-23, when exports surged by 300.00% over the prior year. ### India maintains a trade surplus of ₹0.00 Crore in HSN Code 50060029 goods In FY 2024-25, India's exports of ₹0.01 Cr exceeded imports of ₹0.01 Cr, resulting in a trade surplus of ₹0.00 Crore — ranking #5711 of 12657 by surplus magnitude. ### Import growth of -27.70% CAGR signals stable import dependency for Other Silk Waste Yarn (>85% Silk) India's imports under HSN Code 50060029 have grown at -27.70% CAGR, reaching ₹0.01 Crore in FY 2024-25. ### HSN Code 50060029 contributes 0.14% of Sub-Chapter 5006 exports — ranked #6 Among the 9 HSN codes under Sub-Chapter 5006, HSN Code 50060029 ranks #6 by export value — accounting for 0.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.10% share (rank #3). ## Related HSN Codes in Sub-Chapter 5006 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 50060011: Silk Embroidery Thread](https://busy.in/hsn/hsn-50060011/) | ₹3 Cr | | #2 | [HSN Code 50060031: Silk Embroidery Thread (Silk Waste Yarn <=85%)](https://busy.in/hsn/hsn-50060031/) | ₹2 Cr | | #3 | [HSN Code 50060090: Other Silk Yarn & Gut (Retail)](https://busy.in/hsn/hsn-50060090/) | ₹1 Cr | | #4 | [HSN Code 50060032: Spun Silk Waste Yarn (excl. Noil)](https://busy.in/hsn/hsn-50060032/) | < ₹1 Crore | | #5 | [HSN Code 50060019: Other Silk Yarn (Non-Retail)](https://busy.in/hsn/hsn-50060019/) | < ₹1 Crore | | #6 | HSN Code 50060029: Other Silk Waste Yarn (>85% Silk) (this hsn code) | < ₹1 Crore | | #6 | [HSN Code 50060033: Diatomite](https://busy.in/hsn/hsn-50060033/) | < ₹1 Crore | | — | [HSN Code 50060021: Silk Yarn (>85% Silk)](https://busy.in/hsn/hsn-50060021/) | Nil | | — | [HSN Code 50060039: Other Silk Waste Yarn (≤85% Silk)](https://busy.in/hsn/hsn-50060039/) | Nil |