HSN Code 51031010 represents Noils of wool or fine animal hair under GST classification. This code helps businesses identify Noils of wool or fine animal hair correctly for billing, taxation, and trade. With HSN Code 51031010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Noils of wool or fine animal hair.
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HSN Code 51031010 relates to the following description.
Description of Goods
Noils of wool or of fine animal hair : Noils of wool
Chapter
51 - Wool, fine or coarse animal hair; horsehair yarn and woven fabric
Sub Chapter
5103 - Waste of wool or of fine or coarse animal hair, including yarn waste but excluding garnetted stock
CGST
0%
SGST
0%
IGST
0%
CESS
0%
Noils of wool or fine animal hair does not include products with the following descriptions.
Noils of wool or of fine animal hair : Other
Other waste of wool or of fine animal hair : Waste of sheep's and lamb's wool
Other waste of wool or of fine animal hair : Yarn waste
Other waste of wool or of fine animal hair : Other
Waste of coarse animal hair
Noils of wool or of fine animal hair : Other
Other waste of wool or of fine animal hair : Waste of sheep's and lamb's wool
Other waste of wool or of fine animal hair : Yarn waste
Other waste of wool or of fine animal hair : Other
Waste of coarse animal hair
India’s Exports
FY 2024-25₹18 Cr
0.0005% of India’s total exports
India’s Imports
FY 2024-25₹1 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹16 Cr
Surplus rank #2985 of 12657 HSN codes
% of Sub-Chapter 5103
FY 2024-2589.69%
Share of Sub-Chapter 5103’s total exports in FY 2024-25
Import side: 65.74% of Sub-Chapter 5103’s imports
Rank Within Sub-Chapter 5103
FY 2024-25#1 of 6
Position by export value among HSN codes in Sub-Chapter 5103
Import-side rank: #1 of 6
At a glance
−20.89%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5060
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+127.57%
Peak Growth Year
FY 2021-22 · strongest single-year move
89.69%
Contribution to Sub-Ch. 5103
Share of Sub-Chapter 5103 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
+71.34
Exports
71.69 ₹ Cr
0.0031% share
— YoY
75.37% of Sub-Ch. 5103
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.91% of Sub-Ch. 5103
Balance
+38.81
Exports
38.81 ₹ Cr
0.0018% share
−45.86% YoY
75.85% of Sub-Ch. 5103
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5103
Balance
+16.76
Exports
16.76 ₹ Cr
0.0008% share
−56.82% YoY
88.87% of Sub-Ch. 5103
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5103
Balance
+37.96
Exports
38.14 ₹ Cr
0.0012% share
+127.57% YoY
90.66% of Sub-Ch. 5103
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
34.62% of Sub-Ch. 5103
Balance
+46.72
Exports
49.10 ₹ Cr
0.0014% share
+28.74% YoY
91.83% of Sub-Ch. 5103
Imports
2.38 ₹ Cr
0.0000% share
+1,222.22% YoY
99.17% of Sub-Ch. 5103
Balance
+21.38
Exports
25.63 ₹ Cr
0.0007% share
−47.80% YoY
93.27% of Sub-Ch. 5103
Imports
4.25 ₹ Cr
0.0001% share
+78.57% YoY
79.89% of Sub-Ch. 5103
Balance
+16.15
Exports
17.57 ₹ Cr
0.0005% share
−31.45% YoY
89.69% of Sub-Ch. 5103
Imports
1.42 ₹ Cr
0.0000% share
−66.59% YoY
65.74% of Sub-Ch. 5103
CAGR · 7-Year
Exports
−20.89% /yr
Imports
26.29% /yr
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.
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.
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.
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.
India's imports under HSN Code 51031010 have grown at 26.29% CAGR, reaching ₹1.42 Crore in FY 2024-25.
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).
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 51031010 and GST compliance.
It includes Other Wool Waste: Sheep’s and Lamb’s Wool Waste
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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 51031010, Noils of wool or fine animal hair attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.