HSN Code 51062020: Munga woollen yarn: <85% wool
HSN Code 51062020 represents Munga woollen yarn: <85% wool under GST classification. This code helps businesses identify Munga woollen yarn: <85% wool correctly for billing, taxation, and trade. With HSN Code 51062020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Munga woollen yarn: <85% wool.
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Description of Goods for HSN Code 51062020
HSN Code 51062020 relates to the following description.
What does HSN Code 51062020 not include?
Munga woollen yarn: <85% wool does not include products with the following descriptions.
Containing 85% or more by weight of wool : Shoddy woollen yarn
Containing 85% or more by weight of wool : Munga woollen yarn
Containing 85% or more by weight of wool : Other
Containing less than 85% by weight of wool : Shoddy woollen yarn
Containing less than 85% by weight of wool : Other
Containing 85% or more by weight of wool : Shoddy woollen yarn
Containing 85% or more by weight of wool : Munga woollen yarn
Containing 85% or more by weight of wool : Other
Containing less than 85% by weight of wool : Shoddy woollen yarn
Containing less than 85% by weight of wool : Other
India’s Trade Performance — HSN Code 51062020 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #5274 of 12657 HSN codes
% of Sub-Chapter 5106
FY 2024-250.11%
Share of Sub-Chapter 5106’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 5106’s imports
Rank Within Sub-Chapter 5106
FY 2024-25#4 of 6
Position by export value among HSN codes in Sub-Chapter 5106
At a glance
#9797
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+450.00%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.11%
Contribution to Sub-Ch. 5106
Share of Sub-Chapter 5106 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 51062020
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5106
Balance
+0.10
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.27% of Sub-Ch. 5106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5106
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5106
Balance
+0.02
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.05% of Sub-Ch. 5106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5106
Balance
+0.04
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+100.00% YoY
0.09% of Sub-Ch. 5106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5106
Balance
+0.22
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+450.00% YoY
0.32% of Sub-Ch. 5106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5106
Balance
+0.09
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−59.09% YoY
0.11% of Sub-Ch. 5106
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5106
Key Trade Insights: HSN Code 51062020 Export-Import Analysis
Export Snapshot for HSN Code 51062020
India exported ₹0.09 Crore worth of Munga woollen yarn: <85% wool in FY 2024-25. Multi-year trend data is being compiled for this hsn code.
HSN Code 51062020 Ranked #9797 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 51062020 ranks #9797 out of 12657 HSN codes by total export value. Within Sub-Chapter 5106, it ranks #4 of 6. By trade surplus, it ranks #5274 of 12657.
FY 2023-24 Was the Strongest Growth Year for HSN Code 51062020 Exports
The strongest single-year export movement for HSN Code 51062020 was recorded in FY 2023-24, when exports surged by 450.00% over the prior year.
India Maintains a Trade Surplus of ₹0.09 Crore in HSN Code 51062020 Goods
In FY 2024-25, India's exports of ₹0.09 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.09 Crore — ranking #5274 of 12657 by surplus magnitude.
HSN Code 51062020 Contributes 0.11% of Sub-Chapter 5106 Exports — Ranked #4
Among the 6 HSN codes under Sub-Chapter 5106, HSN Code 51062020 ranks #4 by export value — accounting for 0.11% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.
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Frequently Asked Questions
Clear answers to common queries about HSN Code 51062020 and GST compliance.
What products are classified under HSN 51062020 ?
It includes Worsted hosiery yarn, >85% wool
How should mixed supplies be billed when Munga woollen yarn: <85% wool is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Munga woollen yarn: <85% wool; Nil for exempt items if applicable).
How much GST applies to Munga woollen yarn: <85% wool?
Under HSN 51062020, Munga woollen yarn: <85% wool attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Can we claim ITC on inputs used to trade Munga woollen yarn: <85% wool?
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 Munga woollen yarn: <85% wool?
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.
Any common misclassification issue with Munga woollen yarn: <85% wool?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.