HSN Code 51072040: Woollen carpet yarn

HSN Code 51072040 represents Woollen carpet yarn under GST classification. This code helps businesses identify Woollen carpet yarn correctly for billing, taxation, and trade. With HSN Code 51072040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Woollen carpet yarn.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 51072040

HSN Code 51072040 relates to the following description.

Description of Goods

Containing less than 85% 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 51072040 not include?

Woollen carpet yarn does not include products with the following descriptions.

India’s Trade Performance — HSN Code 51072040 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

< ₹1 Crore

+1,033.33% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4931 of 12657 HSN codes

% of Sub-Chapter 5107

FY 2024-25

0.05%

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

#10 of 10

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

At a glance

49.87%

Export CAGR

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

#9126

National Export Rank

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

+1,033.33%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.05%

Contribution to Sub-Ch. 5107

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

India Export-Import Trade Statistics for HSN Code 51072040

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 #9664

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2020-21 Exp. Rank #9824

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2021-22 Exp. Rank #10058

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2022-23 Exp. Rank #10045

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+50.00% YoY

0.00% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2023-24 Exp. Rank #10223

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

FY 2024-25 Exp. Rank #9126

Balance

+0.34

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,033.33% YoY

0.05% of Sub-Ch. 5107

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5107

CAGR · 7-Year

Exports

49.87% /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 51072040 Export-Import Analysis

Consistent Export Growth: 49.87% CAGR Over 7 Years

India's exports under HSN Code 51072040 have grown at a compound annual rate of 49.87% over 7 fiscal years, rising from ₹0.03 Crore in FY 2018-19 to ₹0.34 Crore in FY 2024-25.

HSN Code 51072040 Ranked #9126 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 51072040 ranks #9126 out of 12657 HSN codes by total export value. Within Sub-Chapter 5107, it ranks #10 of 10. By trade surplus, it ranks #4931 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 51072040 Exports

The strongest single-year export movement for HSN Code 51072040 was recorded in FY 2024-25, when exports surged by 1,033.33% over the prior year.

India Maintains a Trade Surplus of ₹0.34 Crore in HSN Code 51072040 Goods

In FY 2024-25, India's exports of ₹0.34 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.34 Crore — ranking #4931 of 12657 by surplus magnitude.

HSN Code 51072040 Contributes 0.05% of Sub-Chapter 5107 Exports — Ranked #10

Among the 10 HSN codes under Sub-Chapter 5107, HSN Code 51072040 ranks #10 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 51072040 and GST compliance.

What products are classified under HSN 51072040 ?

It includes Carded

Do e‑way bill and e‑invoice apply for Woollen carpet yarn?

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.

Any common misclassification issue with Woollen carpet yarn?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Woollen carpet yarn?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Woollen carpet yarn?

Under HSN 51072040, Woollen carpet yarn attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Woollen carpet yarn 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; Nil for exempt items if applicable).

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.