HSN Code 50060090: Other Silk Yarn & Gut (Retail)
HSN Code 50060090 represents Other Silk Yarn & Gut (Retail) under GST classification. This code helps businesses identify Other Silk Yarn & Gut (Retail) correctly for billing, taxation, and trade. With HSN Code 50060090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Silk Yarn & Gut (Retail).
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Description of Goods for HSN Code 50060090
HSN Code 50060090 relates to the following description.
What does HSN Code 50060090 not include?
Other Silk Yarn & Gut (Retail) 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 : 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 : 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 : 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
India’s Trade Performance — HSN Code 50060090 in FY 2024-25
India’s Exports
FY 2024-25₹1 Cr
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹9 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25−₹8 Cr
Surplus rank #8895 of 12657 HSN codes
% of Sub-Chapter 5006
FY 2024-2517.68%
Share of Sub-Chapter 5006’s total exports in FY 2024-25
Import side: 92.51% of Sub-Chapter 5006’s imports
Rank Within Sub-Chapter 5006
FY 2024-25#3 of 9
Position by export value among HSN codes in Sub-Chapter 5006
Import-side rank: #1 of 9
At a glance
−17.89%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8039
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+16.82%
Peak Growth Year
FY 2024-25 · strongest single-year move
17.68%
Contribution to Sub-Ch. 5006
Share of Sub-Chapter 5006 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 50060090
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−2.52
Exports
4.08 ₹ Cr
0.0002% share
— YoY
66.45% of Sub-Ch. 5006
Imports
6.60 ₹ Cr
0.0002% share
— YoY
87.42% of Sub-Ch. 5006
Balance
−7.73
Exports
1.29 ₹ Cr
0.0001% share
−68.38% YoY
31.01% of Sub-Ch. 5006
Imports
9.02 ₹ Cr
0.0003% share
+36.67% YoY
99.12% of Sub-Ch. 5006
Balance
+0.53
Exports
1.37 ₹ Cr
0.0001% share
+6.20% YoY
24.60% of Sub-Ch. 5006
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−90.69% YoY
82.35% of Sub-Ch. 5006
Balance
−2.67
Exports
1.42 ₹ Cr
0.0000% share
+3.65% YoY
29.65% of Sub-Ch. 5006
Imports
4.09 ₹ Cr
0.0001% share
+386.90% YoY
100.00% of Sub-Ch. 5006
Balance
−9.43
Exports
1.36 ₹ Cr
0.0000% share
−4.23% YoY
18.48% of Sub-Ch. 5006
Imports
10.79 ₹ Cr
0.0002% share
+163.81% YoY
98.90% of Sub-Ch. 5006
Balance
−10.66
Exports
1.07 ₹ Cr
0.0000% share
−21.32% YoY
20.90% of Sub-Ch. 5006
Imports
11.73 ₹ Cr
0.0002% share
+8.71% YoY
98.74% of Sub-Ch. 5006
Balance
−7.77
Exports
1.25 ₹ Cr
0.0000% share
+16.82% YoY
17.68% of Sub-Ch. 5006
Imports
9.02 ₹ Cr
0.0001% share
−23.10% YoY
92.51% of Sub-Ch. 5006
CAGR · 7-Year
Exports
−17.89% /yr
Imports
5.34% /yr
Key Trade Insights: HSN Code 50060090 Export-Import Analysis
Export Decline: −17.89% CAGR Over 7 Years
India's exports under HSN Code 50060090 have declined at a compound annual rate of −17.89% over 7 fiscal years, falling from ₹4.08 Crore in FY 2018-19 to ₹1.25 Crore in FY 2024-25.
HSN Code 50060090 Ranked #8039 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 50060090 ranks #8039 out of 12657 HSN codes by total export value. Within Sub-Chapter 5006, it ranks #3 of 9. By trade surplus, it ranks #8895 of 12657.
FY 2024-25 Was the Strongest Growth Year for HSN Code 50060090 Exports
The strongest single-year export movement for HSN Code 50060090 was recorded in FY 2024-25, when exports surged by 16.82% over the prior year.
India Records a Trade Deficit of ₹7.77 Crore in HSN Code 50060090 Goods
In FY 2024-25, India's imports of ₹9.02 Cr exceeded exports of ₹1.25 Cr, resulting in a trade deficit of ₹7.77 Crore — ranking #8895 of 12657 by surplus magnitude.
Import Growth of 5.34% CAGR Signals Stable Import Dependency for Other Silk Yarn & Gut (Retail)
India's imports under HSN Code 50060090 have grown at 5.34% CAGR, reaching ₹9.02 Crore in FY 2024-25.
HSN Code 50060090 Contributes 17.68% of Sub-Chapter 5006 Exports — Ranked #3
Among the 9 HSN codes under Sub-Chapter 5006, HSN Code 50060090 ranks #3 by export value — accounting for 17.68% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 92.51% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 50060090 and GST compliance.
What products are classified under HSN 50060090 ?
It includes Silk Sarees Containing 85% or More Silk
Can we claim ITC on inputs used to trade Other Silk Yarn & Gut (Retail)?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Any common misclassification issue with Other Silk Yarn & Gut (Retail)?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Do e‑way bill and e‑invoice apply for Other Silk Yarn & Gut (Retail)?
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.
Does packaging or labelling change the GST for Other Silk Yarn & Gut (Retail)?
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.
How much GST applies to Other Silk Yarn & Gut (Retail)?
Under HSN 50060090, Other Silk Yarn & Gut (Retail) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
How should mixed supplies be billed when Other Silk Yarn & Gut (Retail) is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Silk Yarn & Gut (Retail); Nil for exempt items if applicable).