--- title: "HSN Code for Worsted knitted yarn, >85% wool | HSN 51071020 GST Rate" description: "Find HSN and GST Rates for 51071020 related to Worsted knitted yarn, >85% wool with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-51071020/" --- # HSN Code 51071020: Worsted knitted yarn, >85% wool - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 51: Wool, fine or coarse animal hair; horsehair yarn and woven fabric](https://busy.in/hsn/chapter-51/) - [Sub-chapter 5107: Yarn of combed wool](https://busy.in/hsn/sub-chapter-5107/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | CONTAINING 85% OR MORE BY WEIGHT OF WOOL : Worsted knitted yarn | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 51071020 ? It includes Wool carpet yarn ≥ 85% wool ### Do e‑way bill and e‑invoice apply for Worsted knitted 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. ### Does packaging or labelling change the GST for Worsted knitted 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 should mixed supplies be billed when Worsted knitted 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 knitted yarn, >85% wool; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Worsted knitted 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. ### Any common misclassification issue with Worsted knitted 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 much GST applies to Worsted knitted yarn, >85% wool? Under HSN 51071020, Worsted knitted yarn, >85% wool attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 51071020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹13 Cr (−64.20% YoY) — 0.0004% of India's total exports - Imports: ₹3 Cr (+3,320.00% YoY) — 0.0001% of India's total imports - Trade balance: ₹10 Cr (Surplus); surplus rank #3310 of 12657 HSN codes - Share of Sub-Chapter 5107: 1.98% of its exports; import side 14.99% - Rank within Sub-Chapter 5107: #5 of 10 by export value; import-side #4 ### Key metrics - Export CAGR: -2.78% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5410 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +89.04% in FY 2021-22 - Contribution to Sub-Ch. 5107: 1.98% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 51071020 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 5107 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5107 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 15.94 | 0.0007% | — | 1.94% | Nil | 0.0000% | — | 0.00% | +15.94 | #4388 | | FY 2019-20 | 14.56 | 0.0007% | −8.66% | 2.10% | < ₹1 Crore | 0.0000% | — | 0.04% | +14.55 | #4535 | | FY 2020-21 | 21.36 | 0.0010% | +46.70% | 5.13% | Nil | 0.0000% | −100.00% | 0.00% | +21.36 | #4100 | | FY 2021-22 | 40.38 | 0.0013% | +89.04% | 7.09% | < ₹1 Crore | 0.0000% | — | 0.13% | +40.34 | #3663 | | FY 2022-23 | 34.43 | 0.0010% | −14.74% | 3.90% | Nil | 0.0000% | −100.00% | 0.00% | +34.43 | #3967 | | FY 2023-24 | 37.60 | 0.0010% | +9.21% | 4.00% | < ₹1 Crore | 0.0000% | — | 0.33% | +37.50 | #3930 | | FY 2024-25 | 13.46 | 0.0004% | −64.20% | 1.98% | 3.42 | 0.0001% | +3,320.00% | 14.99% | +10.04 | #5410 | - CAGR (7-year): exports -2.78%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 51071020 export-import analysis ### Export decline: -2.78% CAGR over 7 years India's exports under HSN Code 51071020 have declined at a compound annual rate of -2.78% over 7 fiscal years, falling from ₹15.94 Crore in FY 2018-19 to ₹13.46 Crore in FY 2024-25. ### HSN Code 51071020 ranked #5410 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 51071020 ranks #5410 out of 12657 HSN codes by total export value. Within Sub-Chapter 5107, it ranks #5 of 10. By trade surplus, it ranks #3310 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 51071020 exports The strongest single-year export movement for HSN Code 51071020 was recorded in FY 2021-22, when exports surged by 89.04% over the prior year. ### India maintains a trade surplus of ₹10.04 Crore in HSN Code 51071020 goods In FY 2024-25, India's exports of ₹13.46 Cr exceeded imports of ₹3.42 Cr, resulting in a trade surplus of ₹10.04 Crore — ranking #3310 of 12657 by surplus magnitude. ### HSN Code 51071020 contributes 1.98% of Sub-Chapter 5107 exports — ranked #5 Among the 10 HSN codes under Sub-Chapter 5107, HSN Code 51071020 ranks #5 by export value — accounting for 1.98% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 14.99% share (rank #4). ## Related HSN Codes in Sub-Chapter 5107 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 51071030: Worsted weaving yarn, >85% wool](https://busy.in/hsn/hsn-51071030/) | ₹497 Cr | | #2 | [HSN Code 51072030: Worsted weaving yarn, <85% wool](https://busy.in/hsn/hsn-51072030/) | ₹92 Cr | | #3 | [HSN Code 51071010: Worsted hosiery yarn, >85% wool](https://busy.in/hsn/hsn-51071010/) | ₹30 Cr | | #4 | [HSN Code 51072020: Worsted knitted yarn, <85% wool](https://busy.in/hsn/hsn-51072020/) | ₹19 Cr | | #5 | HSN Code 51071020: Worsted knitted yarn, >85% wool (this hsn code) | ₹13 Cr | | #6 | [HSN Code 51071090: CONTAINING 85% OR MORE BY WEIGHT OF WOOL : Other](https://busy.in/hsn/hsn-51071090/) | ₹13 Cr | | #7 | [HSN Code 51072010: Worsted hosiery yarn, <85% wool](https://busy.in/hsn/hsn-51072010/) | ₹8 Cr | | #8 | [HSN Code 51072090: Wool less than 85%](https://busy.in/hsn/hsn-51072090/) | ₹5 Cr | | #9 | [HSN Code 51071040: Wool carpet yarn ≥ 85% wool](https://busy.in/hsn/hsn-51071040/) | ₹3 Cr | | #10 | [HSN Code 51072040: Woollen carpet yarn](https://busy.in/hsn/hsn-51072040/) | < ₹1 Crore |