--- title: "HSN Code for Noils of wool or fine animal hair | HSN 51031010 GST Rate" description: "Find HSN and GST Rates for 51031010 related to Noils of wool or fine animal hair with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-51031010/" --- # HSN Code 51031010: Noils of wool or fine animal hair - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 51: Wool, fine or coarse animal hair; horsehair yarn and woven fabric](https://busy.in/hsn/chapter-51/) - [Sub-chapter 5103: Waste of wool and animal hair](https://busy.in/hsn/sub-chapter-5103/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Noils of wool or of fine animal hair : Noils of wool | 0% | 0% | 0% | 0% | ## Frequently asked questions ### What products are classified under HSN 51031010 ? It includes Other Wool Waste: Sheep’s and Lamb’s Wool Waste ### Does packaging or labelling change the GST for Noils of wool or fine animal hair? 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. ### Any common misclassification issue with Noils of wool or fine animal hair? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Noils of wool or fine animal hair? 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 Noils of wool or fine animal hair? Under HSN 51031010, Noils of wool or fine animal hair attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Noils of wool or fine animal hair? 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. ## India's trade performance: HSN Code 51031010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹18 Cr (−31.45% YoY) — 0.0005% of India's total exports - Imports: ₹1 Cr (−66.59% YoY) — 0.0000% of India's total imports - Trade balance: ₹16 Cr (Surplus); surplus rank #2985 of 12657 HSN codes - Share of Sub-Chapter 5103: 89.69% of its exports; import side 65.74% - Rank within Sub-Chapter 5103: #1 of 6 by export value; import-side #1 ### Key metrics - Export CAGR: -20.89% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5060 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +127.57% in FY 2021-22 - Contribution to Sub-Ch. 5103: 89.69% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 51031010 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. 5103 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5103 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 71.69 | 0.0031% | — | 75.37% | < ₹1 Crore | 0.0000% | — | 0.91% | +71.34 | #2394 | | FY 2019-20 | 38.81 | 0.0018% | −45.86% | 75.85% | Nil | 0.0000% | −100.00% | 0.00% | +38.81 | #3257 | | FY 2020-21 | 16.76 | 0.0008% | −56.82% | 88.87% | Nil | 0.0000% | — | 0.00% | +16.76 | #4437 | | FY 2021-22 | 38.14 | 0.0012% | +127.57% | 90.66% | < ₹1 Crore | 0.0000% | — | 34.62% | +37.96 | #3739 | | FY 2022-23 | 49.10 | 0.0014% | +28.74% | 91.83% | 2.38 | 0.0000% | +1,222.22% | 99.17% | +46.72 | #3501 | | FY 2023-24 | 25.63 | 0.0007% | −47.80% | 93.27% | 4.25 | 0.0001% | +78.57% | 79.89% | +21.38 | #4428 | | FY 2024-25 | 17.57 | 0.0005% | −31.45% | 89.69% | 1.42 | 0.0000% | −66.59% | 65.74% | +16.15 | #5060 | - CAGR (7-year): exports -20.89%/yr, imports 26.29%/yr (consistently Surplus) ## Key trade insights: HSN Code 51031010 export-import analysis ### Export decline: -20.89% CAGR over 7 years India's exports under HSN Code 51031010 have declined at a compound annual rate of -20.89% over 7 fiscal years, falling from ₹71.69 Crore in FY 2018-19 to ₹17.57 Crore in FY 2024-25. ### HSN Code 51031010 ranked #5060 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 51031010 ranks #5060 out of 12657 HSN codes by total export value. Within Sub-Chapter 5103, it ranks #1 of 6. By trade surplus, it ranks #2985 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 51031010 exports The strongest single-year export movement for HSN Code 51031010 was recorded in FY 2021-22, when exports surged by 127.57% over the prior year. ### India maintains a trade surplus of ₹16.15 Crore in HSN Code 51031010 goods In FY 2024-25, India's exports of ₹17.57 Cr exceeded imports of ₹1.42 Cr, resulting in a trade surplus of ₹16.15 Crore — ranking #2985 of 12657 by surplus magnitude. ### Import growth of 26.29% CAGR signals rising demand for Noils of wool or fine animal hair India's imports under HSN Code 51031010 have grown at 26.29% CAGR, reaching ₹1.42 Crore in FY 2024-25. ### HSN Code 51031010 contributes 89.69% of Sub-Chapter 5103 exports — ranked #1 Among the 6 HSN codes under Sub-Chapter 5103, HSN Code 51031010 ranks #1 by export value — accounting for 89.69% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 65.74% share (rank #1). ## Related HSN Codes in Sub-Chapter 5103 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 51031010: Noils of wool or fine animal hair (this hsn code) | ₹18 Cr | | #2 | [HSN Code 51031090: Noils of wool or of fine animal hair : Other0](https://busy.in/hsn/hsn-51031090/) | ₹1 Cr | | #3 | [HSN Code 51032090: Fine animal hair, other](https://busy.in/hsn/hsn-51032090/) | < ₹1 Crore | | #4 | [HSN Code 51032010: Other Wool Waste: Sheep’s and Lamb’s Wool Waste](https://busy.in/hsn/hsn-51032010/) | < ₹1 Crore | | #5 | [HSN Code 51032020: Yarn waste of wool or fine animal hair](https://busy.in/hsn/hsn-51032020/) | < ₹1 Crore | | — | [HSN Code 51033000: Waste of coarse animal hair](https://busy.in/hsn/hsn-51033000/) | — |