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HSN Code 51071040: Woollen Carpet Yarn Containing 85% or More Wool

HSN Code 51071040 represents Woollen Carpet Yarn Containing 85% or More Wool under GST classification. This code helps businesses identify Woollen Carpet Yarn Containing 85% or More Wool correctly for billing, taxation, and trade. With HSN Code 51071040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Woollen Carpet Yarn Containing 85% or More Wool.

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Description of Goods for HSN Code 51071040

HSN Code 51071040 relates to the following description.

Description of Goods

CONTAINING 85% OR MORE BY WEIGHT OF WOOL : Woollen carpet 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 51071040 not include?

Woollen Carpet Yarn Containing 85% or More Wool does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 51071040 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹13 Cr

+290.42% vs FY 2024-25

0.0003% of India’s total exports

India’s Imports

FY 2025-26

₹2 Cr

+130.38% vs FY 2024-25

0.0000% of India’s total imports

Trade Balance

FY 2025-26

₹11 Cr

Trade Surplus

Surplus rank #3325 of 12872 HSN codes

% of Sub-Chapter 5107

FY 2025-26

1.62%

Share of Sub-Chapter 5107’s total exports in FY 2025-26

Import side: 10.88% of Sub-Chapter 5107’s imports

Rank Within Sub-Chapter 5107

FY 2025-26

#7 of 10

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

Import-side rank: #4 of 10

At a glance

31.38%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#5654

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+290.42%

Peak Growth Year

FY 2025-26 · strongest single-year move

1.62%

Contribution to Sub-Ch. 5107

Share of Sub-Chapter 5107 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 51071040

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #6985

Balance

+0.44

Exports

1.93 ₹ Cr

0.0001% share

— YoY

0.23% of Sub-Ch. 5107

Imports

1.49 ₹ Cr

0.0000% share

— YoY

7.25% of Sub-Ch. 5107

FY 2019-20 Exp. Rank #7406

Balance

−0.27

Exports

1.22 ₹ Cr

0.0001% share

−36.79% YoY

0.18% of Sub-Ch. 5107

Imports

1.49 ₹ Cr

0.0000% share

0.00% YoY

5.27% of Sub-Ch. 5107

FY 2020-21 Exp. Rank #7830

Balance

−1.44

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−32.79% YoY

0.20% of Sub-Ch. 5107

Imports

2.26 ₹ Cr

0.0001% share

+51.68% YoY

8.83% of Sub-Ch. 5107

FY 2021-22 Exp. Rank #7405

Balance

−0.15

Exports

1.86 ₹ Cr

0.0001% share

+126.83% YoY

0.33% of Sub-Ch. 5107

Imports

2.01 ₹ Cr

0.0000% share

−11.06% YoY

6.38% of Sub-Ch. 5107

FY 2022-23 Exp. Rank #6933

Balance

+0.20

Exports

3.20 ₹ Cr

0.0001% share

+72.04% YoY

0.36% of Sub-Ch. 5107

Imports

3.00 ₹ Cr

0.0001% share

+49.25% YoY

7.68% of Sub-Ch. 5107

FY 2023-24 Exp. Rank #7279

Balance

+0.60

Exports

2.63 ₹ Cr

0.0001% share

−17.81% YoY

0.28% of Sub-Ch. 5107

Imports

2.03 ₹ Cr

0.0000% share

−32.33% YoY

6.72% of Sub-Ch. 5107

FY 2024-25 Exp. Rank #7082

Balance

+2.55

Exports

3.34 ₹ Cr

0.0001% share

+27.00% YoY

0.49% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−61.08% YoY

3.46% of Sub-Ch. 5107

FY 2025-26 Exp. Rank #5654

Balance

+11.22

Exports

13.04 ₹ Cr

0.0003% share

+290.42% YoY

1.62% of Sub-Ch. 5107

Imports

1.82 ₹ Cr

0.0000% share

+130.38% YoY

10.88% of Sub-Ch. 5107

CAGR · 8-Year

Exports

31.38% /yr

Imports

2.90% /yr

Consistently Surplus
Sub-Chapter 5107 total

reference, FY 2025-26

Export

₹806.74 Cr

Import

₹16.73 Cr

Trade Balance

+790.01

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

Key Trade Insights: HSN Code 51071040 Export-Import Analysis

Consistent Export Growth: 31.38% CAGR Over 8 Years

India's exports under HSN Code 51071040 have grown at a compound annual rate of 31.38% over 8 fiscal years, rising from ₹1.93 Crore in FY 2018-19 to ₹13.04 Crore in FY 2025-26.

HSN Code 51071040 Ranked #5654 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 51071040 ranks #5654 out of 12872 HSN codes by total export value. Within Sub-Chapter 5107, it ranks #7 of 10. By trade surplus, it ranks #3325 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 51071040 Exports

The strongest single-year export movement for HSN Code 51071040 was recorded in FY 2025-26, when exports surged by 290.42% over the prior year.

India Maintains a Trade Surplus of ₹11.22 Crore in HSN Code 51071040 Goods

In FY 2025-26, India's exports of ₹13.04 Cr exceeded imports of ₹1.82 Cr, resulting in a trade surplus of ₹11.22 Crore — ranking #3325 of 12872 by surplus magnitude.

Import Growth of 2.90% CAGR Signals Stable Import Dependency for Woollen Carpet Yarn Containing 85% or More Wool

India's imports under HSN Code 51071040 have grown at 2.90% CAGR, reaching ₹1.82 Crore in FY 2025-26.

HSN Code 51071040 Contributes 1.62% of Sub-Chapter 5107 Exports — Ranked #7

Among the 10 HSN codes under Sub-Chapter 5107, HSN Code 51071040 ranks #7 by export value — accounting for 1.62% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 10.88% share (rank #4).

Frequently Asked Questions

Clear answers to common queries about HSN Code 51071040 and GST compliance.

What products are classified under HSN 51071040 ?

It includes Worsted hosiery yarn, <85% wool

Can we claim ITC on inputs used to trade Woollen Carpet Yarn Containing 85% or More 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 Woollen Carpet Yarn Containing 85% or More Wool?

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 Woollen Carpet Yarn Containing 85% or More 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 much GST applies to Woollen Carpet Yarn Containing 85% or More Wool?

Under HSN 51071040, Woollen Carpet Yarn Containing 85% or More Wool attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Woollen Carpet Yarn Containing 85% or More Wool is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Woollen Carpet Yarn Containing 85% or More Wool; Nil for exempt items if applicable).

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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.