HSN Code 51062090: Wool less than 85%
HSN Code 51062090 represents Wool less than 85% under GST classification. This code helps businesses identify Wool less than 85% correctly for billing, taxation, and trade. With HSN Code 51062090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wool less than 85%.
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Description of Goods for HSN Code 51062090
HSN Code 51062090 relates to the following description.
What does HSN Code 51062090 not include?
Wool less than 85% 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 : Munga woollen yarn
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 : Munga woollen yarn
India’s Trade Performance — HSN Code 51062090 in FY 2024-25
India’s Exports
FY 2024-25₹22 Cr
0.0006% of India’s total exports
India’s Imports
FY 2024-25₹2 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹20 Cr
Surplus rank #2810 of 12657 HSN codes
% of Sub-Chapter 5106
FY 2024-2527.18%
Share of Sub-Chapter 5106’s total exports in FY 2024-25
Import side: 12.07% of Sub-Chapter 5106’s imports
Rank Within Sub-Chapter 5106
FY 2024-25#2 of 6
Position by export value among HSN codes in Sub-Chapter 5106
Import-side rank: #2 of 6
At a glance
9.19%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4738
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+70.95%
Peak Growth Year
FY 2019-20 · strongest single-year move
27.18%
Contribution to Sub-Ch. 5106
Share of Sub-Chapter 5106 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 51062090
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+10.42
Exports
13.08 ₹ Cr
0.0006% share
— YoY
38.73% of Sub-Ch. 5106
Imports
2.66 ₹ Cr
0.0001% share
— YoY
32.05% of Sub-Ch. 5106
Balance
+21.31
Exports
22.36 ₹ Cr
0.0010% share
+70.95% YoY
60.35% of Sub-Ch. 5106
Imports
1.05 ₹ Cr
0.0000% share
−60.53% YoY
32.41% of Sub-Ch. 5106
Balance
+6.12
Exports
9.11 ₹ Cr
0.0004% share
−59.26% YoY
34.72% of Sub-Ch. 5106
Imports
2.99 ₹ Cr
0.0001% share
+184.76% YoY
35.81% of Sub-Ch. 5106
Balance
+10.19
Exports
10.54 ₹ Cr
0.0003% share
+15.70% YoY
26.91% of Sub-Ch. 5106
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−88.29% YoY
5.34% of Sub-Ch. 5106
Balance
+12.88
Exports
14.41 ₹ Cr
0.0004% share
+36.72% YoY
32.57% of Sub-Ch. 5106
Imports
1.53 ₹ Cr
0.0000% share
+337.14% YoY
7.99% of Sub-Ch. 5106
Balance
+22.09
Exports
23.23 ₹ Cr
0.0006% share
+61.21% YoY
34.26% of Sub-Ch. 5106
Imports
1.14 ₹ Cr
0.0000% share
−25.49% YoY
7.70% of Sub-Ch. 5106
Balance
+19.99
Exports
22.17 ₹ Cr
0.0006% share
−4.56% YoY
27.18% of Sub-Ch. 5106
Imports
2.18 ₹ Cr
0.0000% share
+91.23% YoY
12.07% of Sub-Ch. 5106
CAGR · 7-Year
Exports
9.19% /yr
Imports
−3.26% /yr
Key Trade Insights: HSN Code 51062090 Export-Import Analysis
Consistent Export Growth: 9.19% CAGR Over 7 Years
India's exports under HSN Code 51062090 have grown at a compound annual rate of 9.19% over 7 fiscal years, rising from ₹13.08 Crore in FY 2018-19 to ₹22.17 Crore in FY 2024-25.
HSN Code 51062090 Ranked #4738 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 51062090 ranks #4738 out of 12657 HSN codes by total export value. Within Sub-Chapter 5106, it ranks #2 of 6. By trade surplus, it ranks #2810 of 12657.
FY 2019-20 Was the Strongest Growth Year for HSN Code 51062090 Exports
The strongest single-year export movement for HSN Code 51062090 was recorded in FY 2019-20, when exports surged by 70.95% over the prior year.
India Maintains a Trade Surplus of ₹19.99 Crore in HSN Code 51062090 Goods
In FY 2024-25, India's exports of ₹22.17 Cr exceeded imports of ₹2.18 Cr, resulting in a trade surplus of ₹19.99 Crore — ranking #2810 of 12657 by surplus magnitude.
Import Growth of −3.26% CAGR Signals Stable Import Dependency for Wool less than 85%
India's imports under HSN Code 51062090 have grown at −3.26% CAGR, reaching ₹2.18 Crore in FY 2024-25.
HSN Code 51062090 Contributes 27.18% of Sub-Chapter 5106 Exports — Ranked #2
Among the 6 HSN codes under Sub-Chapter 5106, HSN Code 51062090 ranks #2 by export value — accounting for 27.18% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 12.07% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 51062090 and GST compliance.
What products are classified under HSN 51062090 ?
It includes Worsted knitted yarn, >85% wool
Can we claim ITC on inputs used to trade Wool less than 85%?
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 Wool less than 85%?
Under HSN 51062090, Wool less than 85% attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with Wool less than 85%?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Do e‑way bill and e‑invoice apply for Wool less than 85%?
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.
How should mixed supplies be billed when Wool less than 85% is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wool less than 85%; Nil for exempt items if applicable).