HSN Code 50071000: Noil Silk Fabrics

HSN Code 50071000 represents Noil Silk Fabrics under GST classification. This code helps businesses identify Noil Silk Fabrics correctly for billing, taxation, and trade. With HSN Code 50071000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Noil Silk Fabrics.

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Description of Goods for HSN Code 50071000

HSN Code 50071000 relates to the following description.

Description of Goods

Fabrics of noil silk

Chapter

50 - Silk

Sub Chapter

5007 - Woven fabrics of silk or of silk waste

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 50071000 not include?

Noil Silk Fabrics does not include products with the following descriptions.

HSN Code 50072010

Other fabrics, containing 85% or more by weight of silk or of silk waste other than noil silk : Sarees

HSN Code 50072090

Other fabrics, containing 85% or more by weight of silk or of silk waste other than noil silk : Other

India’s Trade Performance — HSN Code 50071000 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

₹9 Cr

+3.14% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−28.57% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹9 Cr

Trade Surplus

Surplus rank #3371 of 12657 HSN codes

% of Sub-Chapter 5007

FY 2024-25

0.88%

Share of Sub-Chapter 5007’s total exports in FY 2024-25

Import side: 0.02% of Sub-Chapter 5007’s imports

Rank Within Sub-Chapter 5007

FY 2024-25

#5 of 5

Position by export value among HSN codes in Sub-Chapter 5007

Import-side rank: #5 of 5

At a glance

−22.36%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#5880

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+156.37%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.88%

Contribution to Sub-Ch. 5007

Share of Sub-Chapter 5007 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 50071000

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 #3137

Balance

+40.81

Exports

42.06 ₹ Cr

0.0018% share

— YoY

9.62% of Sub-Ch. 5007

Imports

1.25 ₹ Cr

0.0000% share

— YoY

0.55% of Sub-Ch. 5007

FY 2019-20 Exp. Rank #5089

Balance

+9.41

Exports

9.41 ₹ Cr

0.0004% share

−77.63% YoY

1.96% of Sub-Ch. 5007

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5007

FY 2020-21 Exp. Rank #5735

Balance

+5.68

Exports

5.89 ₹ Cr

0.0003% share

−37.41% YoY

1.45% of Sub-Ch. 5007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.21% of Sub-Ch. 5007

FY 2021-22 Exp. Rank #4965

Balance

+14.99

Exports

15.10 ₹ Cr

0.0005% share

+156.37% YoY

2.49% of Sub-Ch. 5007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−47.62% YoY

0.06% of Sub-Ch. 5007

FY 2022-23 Exp. Rank #5933

Balance

+7.87

Exports

7.90 ₹ Cr

0.0002% share

−47.68% YoY

1.33% of Sub-Ch. 5007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−72.73% YoY

0.01% of Sub-Ch. 5007

FY 2023-24 Exp. Rank #5867

Balance

+8.86

Exports

8.93 ₹ Cr

0.0002% share

+13.04% YoY

1.35% of Sub-Ch. 5007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+133.33% YoY

0.02% of Sub-Ch. 5007

FY 2024-25 Exp. Rank #5880

Balance

+9.16

Exports

9.21 ₹ Cr

0.0003% share

+3.14% YoY

0.88% of Sub-Ch. 5007

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−28.57% YoY

0.02% of Sub-Ch. 5007

CAGR · 7-Year

Exports

−22.36% /yr

Imports

−41.52% /yr

Consistently Surplus
Sub-Chapter 5007 total

reference, FY 2024-25

Export

₹1,042.99 Cr

Import

₹294.69 Cr

Trade Balance

+748.30

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

Key Trade Insights: HSN Code 50071000 Export-Import Analysis

Export Decline: −22.36% CAGR Over 7 Years

India's exports under HSN Code 50071000 have declined at a compound annual rate of −22.36% over 7 fiscal years, falling from ₹42.06 Crore in FY 2018-19 to ₹9.21 Crore in FY 2024-25.

HSN Code 50071000 Ranked #5880 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 50071000 ranks #5880 out of 12657 HSN codes by total export value. Within Sub-Chapter 5007, it ranks #5 of 5. By trade surplus, it ranks #3371 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 50071000 Exports

The strongest single-year export movement for HSN Code 50071000 was recorded in FY 2021-22, when exports surged by 156.37% over the prior year.

India Maintains a Trade Surplus of ₹9.16 Crore in HSN Code 50071000 Goods

In FY 2024-25, India's exports of ₹9.21 Cr exceeded imports of ₹0.05 Cr, resulting in a trade surplus of ₹9.16 Crore — ranking #3371 of 12657 by surplus magnitude.

Import Growth of −41.52% CAGR Signals Stable Import Dependency for Noil Silk Fabrics

India's imports under HSN Code 50071000 have grown at −41.52% CAGR, reaching ₹0.05 Crore in FY 2024-25.

HSN Code 50071000 Contributes 0.88% of Sub-Chapter 5007 Exports — Ranked #5

Among the 5 HSN codes under Sub-Chapter 5007, HSN Code 50071000 ranks #5 by export value — accounting for 0.88% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 50071000 and GST compliance.

What products are classified under HSN 50071000 ?

It includes Other Fabrics Containing 85% or More Silk

How should mixed supplies be billed when Noil Silk Fabrics is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Noil Silk Fabrics; Nil for exempt items if applicable).

Any common misclassification issue with Noil Silk Fabrics?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How much GST applies to Noil Silk Fabrics?

Under HSN 50071000, Noil Silk Fabrics attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Noil Silk Fabrics?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Does packaging or labelling change the GST for Noil Silk Fabrics?

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.

Do e‑way bill and e‑invoice apply for Noil Silk Fabrics?

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.

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.