HSN Code 51071010: Worsted hosiery yarn, >85% wool

HSN Code 51071010 represents Worsted hosiery yarn, >85% wool under GST classification. This code helps businesses identify Worsted hosiery yarn, >85% wool correctly for billing, taxation, and trade. With HSN Code 51071010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Worsted hosiery yarn, >85% wool.

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Description of Goods for HSN Code 51071010

HSN Code 51071010 relates to the following description.

Description of Goods

CONTAINING 85% OR MORE BY WEIGHT OF WOOL : Worsted hosiery yarn

Chapter

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

Sub Chapter

5107 - Yarn of combed wool, not put up for retail sale

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 51071010 not include?

Worsted hosiery yarn, >85% wool does not include products with the following descriptions.

India’s Trade Performance — HSN Code 51071010 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

₹30 Cr

−43.72% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹6 Cr

−47.17% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹25 Cr

Trade Surplus

Surplus rank #2681 of 12657 HSN codes

% of Sub-Chapter 5107

FY 2024-25

4.43%

Share of Sub-Chapter 5107’s total exports in FY 2024-25

Import side: 24.15% of Sub-Chapter 5107’s imports

Rank Within Sub-Chapter 5107

FY 2024-25

#3 of 10

Position by export value among HSN codes in Sub-Chapter 5107

Import-side rank: #2 of 10

At a glance

27.23%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#4318

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+84.82%

Peak Growth Year

FY 2021-22 · strongest single-year move

4.43%

Contribution to Sub-Ch. 5107

Share of Sub-Chapter 5107 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 51071010

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 #5417

Balance

+6.23

Exports

7.11 ₹ Cr

0.0003% share

— YoY

0.87% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

4.28% of Sub-Ch. 5107

FY 2019-20 Exp. Rank #5214

Balance

+4.26

Exports

8.53 ₹ Cr

0.0004% share

+19.97% YoY

1.23% of Sub-Ch. 5107

Imports

4.27 ₹ Cr

0.0001% share

+385.23% YoY

15.11% of Sub-Ch. 5107

FY 2020-21 Exp. Rank #4608

Balance

+5.73

Exports

14.62 ₹ Cr

0.0007% share

+71.40% YoY

3.51% of Sub-Ch. 5107

Imports

8.89 ₹ Cr

0.0003% share

+108.20% YoY

34.73% of Sub-Ch. 5107

FY 2021-22 Exp. Rank #4173

Balance

+11.94

Exports

27.02 ₹ Cr

0.0009% share

+84.82% YoY

4.74% of Sub-Ch. 5107

Imports

15.08 ₹ Cr

0.0003% share

+69.63% YoY

47.89% of Sub-Ch. 5107

FY 2022-23 Exp. Rank #3688

Balance

+21.59

Exports

42.73 ₹ Cr

0.0012% share

+58.14% YoY

4.84% of Sub-Ch. 5107

Imports

21.14 ₹ Cr

0.0004% share

+40.19% YoY

54.12% of Sub-Ch. 5107

FY 2023-24 Exp. Rank #3429

Balance

+43.16

Exports

53.59 ₹ Cr

0.0015% share

+25.42% YoY

5.70% of Sub-Ch. 5107

Imports

10.43 ₹ Cr

0.0002% share

−50.66% YoY

34.55% of Sub-Ch. 5107

FY 2024-25 Exp. Rank #4318

Balance

+24.65

Exports

30.16 ₹ Cr

0.0008% share

−43.72% YoY

4.43% of Sub-Ch. 5107

Imports

5.51 ₹ Cr

0.0001% share

−47.17% YoY

24.15% of Sub-Ch. 5107

CAGR · 7-Year

Exports

27.23% /yr

Imports

35.76% /yr

Consistently Surplus
Sub-Chapter 5107 total

reference, FY 2024-25

Export

₹681.50 Cr

Import

₹22.82 Cr

Trade Balance

+658.68

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

Key Trade Insights: HSN Code 51071010 Export-Import Analysis

Consistent Export Growth: 27.23% CAGR Over 7 Years

India's exports under HSN Code 51071010 have grown at a compound annual rate of 27.23% over 7 fiscal years, rising from ₹7.11 Crore in FY 2018-19 to ₹30.16 Crore in FY 2024-25.

HSN Code 51071010 Ranked #4318 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 51071010 ranks #4318 out of 12657 HSN codes by total export value. Within Sub-Chapter 5107, it ranks #3 of 10. By trade surplus, it ranks #2681 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 51071010 Exports

The strongest single-year export movement for HSN Code 51071010 was recorded in FY 2021-22, when exports surged by 84.82% over the prior year.

India Maintains a Trade Surplus of ₹24.65 Crore in HSN Code 51071010 Goods

In FY 2024-25, India's exports of ₹30.16 Cr exceeded imports of ₹5.51 Cr, resulting in a trade surplus of ₹24.65 Crore — ranking #2681 of 12657 by surplus magnitude.

Import Growth of 35.76% CAGR Signals Rising Demand for Worsted hosiery yarn, >85% wool

India's imports under HSN Code 51071010 have grown at 35.76% CAGR, reaching ₹5.51 Crore in FY 2024-25.

HSN Code 51071010 Contributes 4.43% of Sub-Chapter 5107 Exports — Ranked #3

Among the 10 HSN codes under Sub-Chapter 5107, HSN Code 51071010 ranks #3 by export value — accounting for 4.43% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 24.15% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 51071010 and GST compliance.

What products are classified under HSN 51071010 ?

It includes Worsted weaving yarn, >85% wool

Does packaging or labelling change the GST for Worsted hosiery yarn, >85% wool?

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.

How much GST applies to Worsted hosiery yarn, >85% wool?

Under HSN 51071010, Worsted hosiery yarn, >85% wool attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Worsted hosiery 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 Worsted hosiery 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.

How should mixed supplies be billed when Worsted hosiery 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 Worsted hosiery yarn, >85% wool; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Worsted hosiery 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.

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.