--- title: "HSN Code for Silk Embroidery Thread (Silk Waste Yarn <=85%) | HSN 50060031 GST Rate" description: "Find HSN and GST Rates for 50060031 related to Silk Embroidery Thread (Silk Waste Yarn <=85%) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-50060031/" --- # HSN Code 50060031: Silk Embroidery Thread (Silk Waste Yarn <=85%) - [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 less by weight of silk : Spun from silk waste other than noil silk | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 50060031 ? It includes Diatomite ### Any common misclassification issue with Silk Embroidery Thread (Silk Waste Yarn <=85%)? 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 Embroidery Thread (Silk Waste Yarn <=85%)? Under HSN 50060031, Silk Embroidery Thread (Silk Waste Yarn <=85%) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Silk Embroidery Thread (Silk Waste Yarn <=85%)? 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 Embroidery Thread (Silk Waste Yarn <=85%)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Silk Embroidery Thread (Silk Waste Yarn <=85%)? 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. ## India's trade performance: HSN Code 50060031 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+230.88% YoY) — 0.0001% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹2 Cr (Surplus); surplus rank #4182 of 12657 HSN codes - Share of Sub-Chapter 5006: 31.82% of its exports; import side 0.00% - Rank within Sub-Chapter 5006: #2 of 9 by export value ### Key metrics - Export CAGR: 52.34% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7488 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +230.88% in FY 2024-25 - Contribution to Sub-Ch. 5006: 31.82% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 50060031 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% | — | 2.93% | < ₹1 Crore | 0.0000% | — | 0.53% | +0.14 | #8880 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +105.56% | 8.89% | Nil | 0.0000% | −100.00% | 0.00% | +0.37 | #8433 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +10.81% | 7.36% | < ₹1 Crore | 0.0000% | — | 9.80% | +0.31 | #8379 | | FY 2021-22 | 1.23 | 0.0000% | +200.00% | 25.68% | Nil | 0.0000% | −100.00% | 0.00% | +1.23 | #7806 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −40.65% | 9.92% | Nil | 0.0000% | — | 0.00% | +0.73 | #8374 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −6.85% | 13.28% | Nil | 0.0000% | — | 0.00% | +0.68 | #8565 | | FY 2024-25 | 2.25 | 0.0001% | +230.88% | 31.82% | Nil | 0.0000% | — | 0.00% | +2.25 | #7488 | - CAGR (7-year): exports 52.34%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 50060031 export-import analysis ### Consistent export growth: 52.34% CAGR over 7 years India's exports under HSN Code 50060031 have grown at a compound annual rate of 52.34% over 7 fiscal years, rising from ₹0.18 Crore in FY 2018-19 to ₹2.25 Crore in FY 2024-25. ### HSN Code 50060031 ranked #7488 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 50060031 ranks #7488 out of 12657 HSN codes by total export value. Within Sub-Chapter 5006, it ranks #2 of 9. By trade surplus, it ranks #4182 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 50060031 exports The strongest single-year export movement for HSN Code 50060031 was recorded in FY 2024-25, when exports surged by 230.88% over the prior year. ### India maintains a trade surplus of ₹2.25 Crore in HSN Code 50060031 goods In FY 2024-25, India's exports of ₹2.25 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹2.25 Crore — ranking #4182 of 12657 by surplus magnitude. ### HSN Code 50060031 contributes 31.82% of Sub-Chapter 5006 exports — ranked #2 Among the 9 HSN codes under Sub-Chapter 5006, HSN Code 50060031 ranks #2 by export value — accounting for 31.82% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## 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%) (this hsn code) | ₹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)](https://busy.in/hsn/hsn-50060029/) | < ₹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 |