HSN Code 51040090: Garnetted wool stock: Other

HSN Code 51040090 represents Garnetted wool stock: Other under GST classification. This code helps businesses identify Garnetted wool stock: Other correctly for billing, taxation, and trade. With HSN Code 51040090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Garnetted wool stock: Other.

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Description of Goods for HSN Code 51040090

HSN Code 51040090 relates to the following description.

Description of Goods

Garnetted stock of wool or of fine or coarse animal hair : Other

Chapter

51 - Wool, fine or coarse animal hair; horsehair yarn and woven fabric

Sub Chapter

5104 - Garnetted stock of wool or of fine or coarse animal hair

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 51040090 not include?

Garnetted wool stock: Other does not include products with the following descriptions.

India’s Trade Performance — HSN Code 51040090 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

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7128 of 12657 HSN codes

% of Sub-Chapter 5104

FY 2024-25

0.00%

Share of Sub-Chapter 5104’s total exports in FY 2024-25

Import side: 100.00% of Sub-Chapter 5104’s imports

At a glance

+3,200.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Sub-Ch. 5104

Share of Sub-Chapter 5104 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 51040090

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 #7740

Balance

+0.88

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

38.43% of Sub-Ch. 5104

Imports

Nil ₹ Cr

0.0000% share

— YoY

— of Sub-Ch. 5104

FY 2019-20 Exp. Rank #9870

Balance

+0.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−98.86% YoY

2.27% of Sub-Ch. 5104

Imports

Nil ₹ Cr

0.0000% share

— YoY

— of Sub-Ch. 5104

FY 2020-21 Exp. Rank #8538

Balance

+0.33

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+3,200.00% YoY

26.19% of Sub-Ch. 5104

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5104

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5104

Imports

Nil ₹ Cr

0.0000% share

— YoY

— of Sub-Ch. 5104

FY 2022-23 Exp. Rank #10152

Balance

−0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.56% of Sub-Ch. 5104

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 5104

FY 2023-24 Exp. Rank #9729

Balance

+0.11

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+450.00% YoY

6.75% of Sub-Ch. 5104

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5104

FY 2024-25

Balance

−0.01

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5104

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 5104

Sub-Chapter 5104 total

reference, FY 2024-25

Export

₹0.97 Cr

Import

₹0.01 Cr

Trade Balance

+0.96

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

Key Trade Insights: HSN Code 51040090 Export-Import Analysis

Export Snapshot for HSN Code 51040090

India exported ₹0.00 Crore worth of Garnetted wool stock: Other in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

FY 2020-21 Was the Strongest Growth Year for HSN Code 51040090 Exports

The strongest single-year export movement for HSN Code 51040090 was recorded in FY 2020-21, when exports surged by 3,200.00% over the prior year.

India Records a Trade Deficit of ₹0.01 Crore in HSN Code 51040090 Goods

In FY 2024-25, India's imports of ₹0.01 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.01 Crore — ranking #7128 of 12657 by surplus magnitude.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 51040090 and GST compliance.

What products are classified under HSN 51040090 ?

It includes Combed wool in fragments

How much GST applies to Garnetted wool stock: Other?

Under HSN 51040090, Garnetted wool stock: Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Garnetted wool stock: Other?

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 Garnetted wool stock: Other?

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

Do e‑way bill and e‑invoice apply for Garnetted wool stock: Other?

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 Garnetted wool stock: Other?

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.

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.