HSN Code 51071030: Worsted weaving yarn, >85% wool

HSN Code 51071030 represents Worsted weaving yarn, >85% wool under GST classification. This code helps businesses identify Worsted weaving yarn, >85% wool correctly for billing, taxation, and trade. With HSN Code 51071030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Worsted weaving yarn, >85% wool.

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Description of Goods for HSN Code 51071030

HSN Code 51071030 relates to the following description.

Description of Goods

CONTAINING 85% OR MORE BY WEIGHT OF WOOL : Worsted weaving 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 51071030 not include?

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

India’s Trade Performance — HSN Code 51071030 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

₹497 Cr

−25.03% vs FY 2023-24

0.0135% of India’s total exports

India’s Imports

FY 2024-25

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹497 Cr

Trade Surplus

Surplus rank #639 of 12657 HSN codes

% of Sub-Chapter 5107

FY 2024-25

72.97%

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

Import side: 0.00% of Sub-Chapter 5107’s imports

Rank Within Sub-Chapter 5107

FY 2024-25

#1 of 10

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

At a glance

−3.30%

Export CAGR

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

#1019

National Export Rank

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

+74.60%

Peak Growth Year

FY 2022-23 · strongest single-year move

72.97%

Contribution to Sub-Ch. 5107

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

India Export-Import Trade Statistics for HSN Code 51071030

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 #539

Balance

+608.19

Exports

608.26 ₹ Cr

0.0266% share

— YoY

74.00% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.34% of Sub-Ch. 5107

FY 2019-20 Exp. Rank #652

Balance

+492.56

Exports

493.91 ₹ Cr

0.0224% share

−18.80% YoY

71.13% of Sub-Ch. 5107

Imports

1.35 ₹ Cr

0.0000% share

+1,828.57% YoY

4.78% of Sub-Ch. 5107

FY 2020-21 Exp. Rank #1384

Balance

+195.93

Exports

196.00 ₹ Cr

0.0091% share

−60.32% YoY

47.09% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−94.81% YoY

0.27% of Sub-Ch. 5107

FY 2021-22 Exp. Rank #1178

Balance

+337.00

Exports

337.46 ₹ Cr

0.0108% share

+72.17% YoY

59.21% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+557.14% YoY

1.46% of Sub-Ch. 5107

FY 2022-23 Exp. Rank #810

Balance

+589.21

Exports

589.21 ₹ Cr

0.0163% share

+74.60% YoY

66.75% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5107

FY 2023-24 Exp. Rank #741

Balance

+661.07

Exports

663.40 ₹ Cr

0.0183% share

+12.59% YoY

70.50% of Sub-Ch. 5107

Imports

2.33 ₹ Cr

0.0000% share

— YoY

7.72% of Sub-Ch. 5107

FY 2024-25 Exp. Rank #1019

Balance

+497.32

Exports

497.32 ₹ Cr

0.0135% share

−25.03% YoY

72.97% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5107

CAGR · 7-Year

Exports

−3.30% /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 51071030 Export-Import Analysis

Export Decline: −3.30% CAGR Over 7 Years

India's exports under HSN Code 51071030 have declined at a compound annual rate of −3.30% over 7 fiscal years, falling from ₹608.26 Crore in FY 2018-19 to ₹497.32 Crore in FY 2024-25.

HSN Code 51071030 Ranked #1019 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 51071030 ranks #1019 out of 12657 HSN codes by total export value. Within Sub-Chapter 5107, it ranks #1 of 10. By trade surplus, it ranks #639 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 51071030 Exports

The strongest single-year export movement for HSN Code 51071030 was recorded in FY 2022-23, when exports surged by 74.60% over the prior year.

India Maintains a Trade Surplus of ₹497.32 Crore in HSN Code 51071030 Goods

In FY 2024-25, India's exports of ₹497.32 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹497.32 Crore — ranking #639 of 12657 by surplus magnitude.

HSN Code 51071030 Contributes 72.97% of Sub-Chapter 5107 Exports — Ranked #1

Among the 10 HSN codes under Sub-Chapter 5107, HSN Code 51071030 ranks #1 by export value — accounting for 72.97% 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 51071030 and GST compliance.

What products are classified under HSN 51071030 ?

It includes CONTAINING 85% OR MORE BY WEIGHT OF WOOL : Other

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

Does packaging or labelling change the GST for Worsted weaving 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.

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

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

Any common misclassification issue with Worsted weaving 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 weaving yarn, >85% wool?

Under HSN 51071030, Worsted weaving 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.