HSN Code 50060032: Spun Silk Waste Yarn (excl. Noil)

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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Description of Goods for HSN Code 50060032

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%

What does HSN Code 50060032 not include?

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

India’s Trade Performance — HSN Code 50060032 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

< ₹1 Crore

+42.11% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+1,675.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7665 of 12657 HSN codes

% of Sub-Chapter 5006

FY 2024-25

3.82%

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9664

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

FY 2019-20 Exp. Rank #9534

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

FY 2020-21 Exp. Rank #9473

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

FY 2021-22 Exp. Rank #8877

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

FY 2022-23 Exp. Rank #9015

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

FY 2023-24 Exp. Rank #9474

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

FY 2024-25 Exp. Rank #9258

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

Consistently Deficit
Sub-Chapter 5006 total

reference, FY 2024-25

Export

₹7.07 Cr

Import

₹9.75 Cr

Trade Balance

−2.68

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 50060032 and GST compliance.

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.