HSN Code 51072020: Worsted knitted yarn, <85% wool

HSN Code 51072020 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 51072020, 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 51072020

HSN Code 51072020 relates to the following description.

Description of Goods

Containing less than 85% 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 51072020 not include?

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

India’s Trade Performance — HSN Code 51072020 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

₹19 Cr

+9.93% vs FY 2023-24

0.0005% 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

₹19 Cr

Trade Surplus

Surplus rank #2852 of 12657 HSN codes

% of Sub-Chapter 5107

FY 2024-25

2.81%

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

#4 of 10

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

At a glance

16.27%

Export CAGR

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

#4942

National Export Rank

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

+314.44%

Peak Growth Year

FY 2020-21 · strongest single-year move

2.81%

Contribution to Sub-Ch. 5107

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

India Export-Import Trade Statistics for HSN Code 51072020

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 #5318

Balance

+7.75

Exports

7.75 ₹ Cr

0.0003% share

— YoY

0.94% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2019-20 Exp. Rank #6610

Balance

+2.69

Exports

2.70 ₹ Cr

0.0001% share

−65.16% YoY

0.39% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 5107

FY 2020-21 Exp. Rank #4922

Balance

+11.00

Exports

11.19 ₹ Cr

0.0005% share

+314.44% YoY

2.69% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+1,800.00% YoY

0.74% of Sub-Ch. 5107

FY 2021-22 Exp. Rank #5183

Balance

+12.67

Exports

12.67 ₹ Cr

0.0004% share

+13.23% YoY

2.22% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5107

FY 2022-23 Exp. Rank #4964

Balance

+16.17

Exports

16.17 ₹ Cr

0.0004% share

+27.62% YoY

1.83% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2023-24 Exp. Rank #4958

Balance

+17.19

Exports

17.42 ₹ Cr

0.0005% share

+7.73% YoY

1.85% of Sub-Ch. 5107

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.76% of Sub-Ch. 5107

FY 2024-25 Exp. Rank #4942

Balance

+19.15

Exports

19.15 ₹ Cr

0.0005% share

+9.93% YoY

2.81% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5107

CAGR · 7-Year

Exports

16.27% /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 51072020 Export-Import Analysis

Consistent Export Growth: 16.27% CAGR Over 7 Years

India's exports under HSN Code 51072020 have grown at a compound annual rate of 16.27% over 7 fiscal years, rising from ₹7.75 Crore in FY 2018-19 to ₹19.15 Crore in FY 2024-25.

HSN Code 51072020 Ranked #4942 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 51072020 ranks #4942 out of 12657 HSN codes by total export value. Within Sub-Chapter 5107, it ranks #4 of 10. By trade surplus, it ranks #2852 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 51072020 Exports

The strongest single-year export movement for HSN Code 51072020 was recorded in FY 2020-21, when exports surged by 314.44% over the prior year.

India Maintains a Trade Surplus of ₹19.15 Crore in HSN Code 51072020 Goods

In FY 2024-25, India's exports of ₹19.15 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹19.15 Crore — ranking #2852 of 12657 by surplus magnitude.

HSN Code 51072020 Contributes 2.81% of Sub-Chapter 5107 Exports — Ranked #4

Among the 10 HSN codes under Sub-Chapter 5107, HSN Code 51072020 ranks #4 by export value — accounting for 2.81% 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 51072020 and GST compliance.

What products are classified under HSN 51072020 ?

It includes Woollen carpet yarn

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.

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.

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.

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.

How much GST applies to Worsted knitted yarn, <85% wool?

Under HSN 51072020, 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.