HSN Code 50060031 represents Silk Embroidery Thread (Silk Waste Yarn <=85%) under GST classification. This code helps businesses identify Silk Embroidery Thread (Silk Waste Yarn <=85%) correctly for billing, taxation, and trade. With HSN Code 50060031, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Silk Embroidery Thread (Silk Waste Yarn <=85%).
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HSN Code 50060031 relates to the following description.
Description of Goods
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
Chapter
50 - Silk
Sub Chapter
5006 - Silk yarn and yarn spun from silk waste, put up for retail sale; silk-worm gut
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Silk Embroidery Thread (Silk Waste Yarn <=85%) 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 : Silk yarn : 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 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 : 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 : Silk yarn : 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 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 : 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 Exports
FY 2024-25₹2 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹2 Cr
Surplus rank #4182 of 12657 HSN codes
% of Sub-Chapter 5006
FY 2024-2531.82%
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#2 of 9
Position by export value among HSN codes in Sub-Chapter 5006
At a glance
52.34%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7488
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+230.88%
Peak Growth Year
FY 2024-25 · strongest single-year move
31.82%
Contribution to Sub-Ch. 5006
Share of Sub-Chapter 5006 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+0.14
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
2.93% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.53% of Sub-Ch. 5006
Balance
+0.37
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+105.56% YoY
8.89% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5006
Balance
+0.31
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+10.81% YoY
7.36% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
9.80% of Sub-Ch. 5006
Balance
+1.23
Exports
1.23 ₹ Cr
0.0000% share
+200.00% YoY
25.68% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5006
Balance
+0.73
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−40.65% YoY
9.92% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5006
Balance
+0.68
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−6.85% YoY
13.28% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5006
Balance
+2.25
Exports
2.25 ₹ Cr
0.0001% share
+230.88% YoY
31.82% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5006
CAGR · 7-Year
Exports
52.34% /yr
Imports
—
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.
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.
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.
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.
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.
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 50060031 and GST compliance.
It includes Diatomite
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 50060031, Silk Embroidery Thread (Silk Waste Yarn <=85%) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.