--- title: "HSN Code for Spun Silk Waste Yarn (excl. Noil) | HSN 50060032 GST Rate" description: "Find HSN and GST Rates for 50060032 related to Spun Silk Waste Yarn (excl. Noil) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-50060032/" --- # HSN Code 50060032: Spun Silk Waste Yarn (excl. Noil) - [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 : Yarn spun from noil silk | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 50060032 ? It includes Other Silk Waste Yarn (≤85% Silk) ### Any common misclassification issue with Spun Silk Waste Yarn (excl. Noil)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Spun Silk Waste Yarn (excl. Noil) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Spun Silk Waste Yarn (excl. Noil); Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Spun Silk Waste Yarn (excl. Noil)? 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. ### Can we claim ITC on inputs used to trade Spun Silk Waste Yarn (excl. Noil)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Spun Silk Waste Yarn (excl. Noil)? Under HSN 50060032, Spun Silk Waste Yarn (excl. Noil) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 50060032 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+42.11% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (+1,675.00% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7665 of 12657 HSN codes - Share of Sub-Chapter 5006: 3.82% of its exports; import side 7.28% - Rank within Sub-Chapter 5006: #4 of 9 by export value; import-side #2 ### Key metrics - Export CAGR: 44.23% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9258 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +450.00% in FY 2021-22 - Contribution to Sub-Ch. 5006: 3.82% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 50060032 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% | — | 0.49% | < ₹1 Crore | 0.0000% | — | 6.76% | −0.48 | #9664 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +33.33% | 0.96% | < ₹1 Crore | 0.0000% | −98.04% | 0.11% | +0.03 | #9534 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +50.00% | 1.08% | Nil | 0.0000% | −100.00% | 0.00% | +0.06 | #9473 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +450.00% | 6.89% | Nil | 0.0000% | — | 0.00% | +0.33 | #8877 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −3.03% | 4.35% | Nil | 0.0000% | — | 0.00% | +0.32 | #9015 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −40.63% | 3.71% | < ₹1 Crore | 0.0000% | — | 0.34% | +0.15 | #9474 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +42.11% | 3.82% | < ₹1 Crore | 0.0000% | +1,675.00% | 7.28% | −0.44 | #9258 | - CAGR (7-year): exports 44.23%/yr, imports 5.67%/yr (consistently Deficit) ## Key trade insights: HSN Code 50060032 export-import analysis ### Consistent export growth: 44.23% CAGR over 7 years India's exports under HSN Code 50060032 have grown at a compound annual rate of 44.23% over 7 fiscal years, rising from ₹0.03 Crore in FY 2018-19 to ₹0.27 Crore in FY 2024-25. ### HSN Code 50060032 ranked #9258 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 50060032 ranks #9258 out of 12657 HSN codes by total export value. Within Sub-Chapter 5006, it ranks #4 of 9. By trade surplus, it ranks #7665 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 50060032 exports The strongest single-year export movement for HSN Code 50060032 was recorded in FY 2021-22, when exports surged by 450.00% over the prior year. ### India records a trade deficit of ₹0.44 Crore in HSN Code 50060032 goods In FY 2024-25, India's imports of ₹0.71 Cr exceeded exports of ₹0.27 Cr, resulting in a trade deficit of ₹0.44 Crore — ranking #7665 of 12657 by surplus magnitude. ### Import growth of 5.67% CAGR signals stable import dependency for Spun Silk Waste Yarn (excl. Noil) India's imports under HSN Code 50060032 have grown at 5.67% CAGR, reaching ₹0.71 Crore in FY 2024-25. ### HSN Code 50060032 contributes 3.82% of Sub-Chapter 5006 exports — ranked #4 Among the 9 HSN codes under Sub-Chapter 5006, HSN Code 50060032 ranks #4 by export value — accounting for 3.82% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.28% share (rank #2). ## 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) (this hsn code) | < ₹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 |