HSN Code 51071020: Worsted knitted yarn, >85% wool

HSN Code 51071020 represents Worsted knitted yarn, >85% wool under GST classification. This code helps businesses identify Worsted knitted yarn, >85% wool correctly for billing, taxation, and trade. With HSN Code 51071020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Worsted knitted yarn, >85% wool.

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Description of Goods for HSN Code 51071020

HSN Code 51071020 relates to the following description.

Description of Goods

CONTAINING 85% OR MORE BY WEIGHT OF WOOL : Worsted knitted 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 51071020 not include?

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

India’s Trade Performance — HSN Code 51071020 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

₹13 Cr

−64.20% vs FY 2023-24

0.0004% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

+3,320.00% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹10 Cr

Trade Surplus

Surplus rank #3310 of 12657 HSN codes

% of Sub-Chapter 5107

FY 2024-25

1.98%

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

Import side: 14.99% of Sub-Chapter 5107’s imports

Rank Within Sub-Chapter 5107

FY 2024-25

#5 of 10

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

Import-side rank: #4 of 10

At a glance

−2.78%

Export CAGR

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

#5410

National Export Rank

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

+89.04%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.98%

Contribution to Sub-Ch. 5107

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #4388

Balance

+15.94

Exports

15.94 ₹ Cr

0.0007% share

— YoY

1.94% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2019-20 Exp. Rank #4535

Balance

+14.55

Exports

14.56 ₹ Cr

0.0007% share

−8.66% YoY

2.10% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 5107

FY 2020-21 Exp. Rank #4100

Balance

+21.36

Exports

21.36 ₹ Cr

0.0010% share

+46.70% YoY

5.13% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5107

FY 2021-22 Exp. Rank #3663

Balance

+40.34

Exports

40.38 ₹ Cr

0.0013% share

+89.04% YoY

7.09% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.13% of Sub-Ch. 5107

FY 2022-23 Exp. Rank #3967

Balance

+34.43

Exports

34.43 ₹ Cr

0.0010% share

−14.74% YoY

3.90% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5107

FY 2023-24 Exp. Rank #3930

Balance

+37.50

Exports

37.60 ₹ Cr

0.0010% share

+9.21% YoY

4.00% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.33% of Sub-Ch. 5107

FY 2024-25 Exp. Rank #5410

Balance

+10.04

Exports

13.46 ₹ Cr

0.0004% share

−64.20% YoY

1.98% of Sub-Ch. 5107

Imports

3.42 ₹ Cr

0.0001% share

+3,320.00% YoY

14.99% of Sub-Ch. 5107

CAGR · 7-Year

Exports

−2.78% /yr

Imports

—

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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 51071020 and GST compliance.

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.

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.