HSN Code 50060032 represents Spun Silk Waste Yarn (excl. Noil) under GST classification. This code helps businesses identify Spun Silk Waste Yarn (excl. Noil) correctly for billing, taxation, and trade. With HSN Code 50060032, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Spun Silk Waste Yarn (excl. Noil).
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HSN Code 50060032 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 : Yarn spun from 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%
Spun Silk Waste Yarn (excl. Noil) 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 : 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 : 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 : 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 : 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< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25−< ₹1 Crore
Surplus rank #7665 of 12657 HSN codes
% of Sub-Chapter 5006
FY 2024-253.82%
Share of Sub-Chapter 5006’s total exports in FY 2024-25
Import side: 7.28% of Sub-Chapter 5006’s imports
Rank Within Sub-Chapter 5006
FY 2024-25#4 of 9
Position by export value among HSN codes in Sub-Chapter 5006
Import-side rank: #2 of 9
At a glance
44.23%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#9258
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+450.00%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.82%
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
−0.48
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.49% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
6.76% of Sub-Ch. 5006
Balance
+0.03
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+33.33% YoY
0.96% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−98.04% YoY
0.11% of Sub-Ch. 5006
Balance
+0.06
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+50.00% YoY
1.08% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5006
Balance
+0.33
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+450.00% YoY
6.89% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5006
Balance
+0.32
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−3.03% YoY
4.35% of Sub-Ch. 5006
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5006
Balance
+0.15
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−40.63% YoY
3.71% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.34% of Sub-Ch. 5006
Balance
−0.44
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+42.11% YoY
3.82% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+1,675.00% YoY
7.28% of Sub-Ch. 5006
CAGR · 7-Year
Exports
44.23% /yr
Imports
5.67% /yr
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.
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.
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.
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.
India's imports under HSN Code 50060032 have grown at 5.67% CAGR, reaching ₹0.71 Crore in FY 2024-25.
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).
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 50060032 and GST compliance.
It includes 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.
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).
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 50060032, Spun Silk Waste Yarn (excl. Noil) attracts Varies when sold in taxable form. Describe the exact form on the invoice.