HSN Code 57050023: Wool Durries
HSN Code 57050023 represents Wool Durries under GST classification. This code helps businesses identify Wool Durries correctly for billing, taxation, and trade. With HSN Code 57050023, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wool Durries.
Experience the power of Expert Accounting
Join our guided walkthrough to see how BUSY can transform your business operations.
Description of Goods for HSN Code 57050023
HSN Code 57050023 relates to the following description.
What does HSN Code 57050023 not include?
Wool Durries does not include products with the following descriptions.
Other carpets and other textile floor coverings, whether or not made up : Carpets : Of silk
Other carpets and other textile floor coverings, whether or not made up : Carpets : Other
Other carpets and other textile floor coverings, whether or not made up : Durries : Durries cotton
Other carpets and other textile floor coverings, whether or not made up : Durries : Durries of man-made fibres
Other carpets and other textile floor coverings, whether or not made up : Durries : Cotton Durries of handloom (including Chindi Durries, Cotton Chenille Durries, Rag Rug Durrie, Printed Durries Druggets)
Other carpets and other textile floor coverings, whether or not made up : Durries : Other
Other carpets and other textile floor coverings, whether or not made up : Of jute : Of blended jute
Other carpets and other textile floor coverings, whether or not made up : Of jute : Of coir jute
Other carpets and other textile floor coverings, whether or not made up : Of jute : Other
Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : knitted
Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : Mats and mattings including Bath Mats, where cotton predominates by weight, of Handloom, Cotton Rugs of Handloom
Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : Other
Other carpets and other textile floor coverings, whether or not made up : Other
Other carpets and other textile floor coverings, whether or not made up : Carpets : Of silk
Other carpets and other textile floor coverings, whether or not made up : Carpets : Other
Other carpets and other textile floor coverings, whether or not made up : Durries : Durries cotton
Other carpets and other textile floor coverings, whether or not made up : Durries : Durries of man-made fibres
Other carpets and other textile floor coverings, whether or not made up : Durries : Cotton Durries of handloom (including Chindi Durries, Cotton Chenille Durries, Rag Rug Durrie, Printed Durries Druggets)
Other carpets and other textile floor coverings, whether or not made up : Durries : Other
Other carpets and other textile floor coverings, whether or not made up : Of jute : Of blended jute
Other carpets and other textile floor coverings, whether or not made up : Of jute : Of coir jute
Other carpets and other textile floor coverings, whether or not made up : Of jute : Other
Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : knitted
Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : Mats and mattings including Bath Mats, where cotton predominates by weight, of Handloom, Cotton Rugs of Handloom
Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : Other
Other carpets and other textile floor coverings, whether or not made up : Other
India’s Trade Performance — HSN Code 57050023 in FY 2024-25
India’s Exports
FY 2024-25₹362 Cr
0.0098% of India’s total exports
India’s Imports
FY 2024-25₹2 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹360 Cr
Surplus rank #810 of 12657 HSN codes
% of Sub-Chapter 5705
FY 2024-2514.63%
Share of Sub-Chapter 5705’s total exports in FY 2024-25
Import side: 3.57% of Sub-Chapter 5705’s imports
Rank Within Sub-Chapter 5705
FY 2024-25#2 of 14
Position by export value among HSN codes in Sub-Chapter 5705
Import-side rank: #5 of 14
At a glance
14.65%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1264
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+60.56%
Peak Growth Year
FY 2021-22 · strongest single-year move
14.63%
Contribution to Sub-Ch. 5705
Share of Sub-Chapter 5705 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 57050023
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+158.75
Exports
159.48 ₹ Cr
0.0070% share
— YoY
7.26% of Sub-Ch. 5705
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
1.21% of Sub-Ch. 5705
Balance
+163.98
Exports
164.39 ₹ Cr
0.0075% share
+3.08% YoY
8.03% of Sub-Ch. 5705
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−43.84% YoY
0.92% of Sub-Ch. 5705
Balance
+206.68
Exports
206.80 ₹ Cr
0.0096% share
+25.80% YoY
8.55% of Sub-Ch. 5705
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−70.73% YoY
0.24% of Sub-Ch. 5705
Balance
+332.02
Exports
332.04 ₹ Cr
0.0106% share
+60.56% YoY
11.19% of Sub-Ch. 5705
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−83.33% YoY
0.05% of Sub-Ch. 5705
Balance
+281.93
Exports
282.21 ₹ Cr
0.0078% share
−15.01% YoY
13.00% of Sub-Ch. 5705
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+1,300.00% YoY
0.67% of Sub-Ch. 5705
Balance
+290.70
Exports
291.05 ₹ Cr
0.0080% share
+3.13% YoY
13.60% of Sub-Ch. 5705
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+25.00% YoY
0.70% of Sub-Ch. 5705
Balance
+360.25
Exports
362.21 ₹ Cr
0.0098% share
+24.45% YoY
14.63% of Sub-Ch. 5705
Imports
1.96 ₹ Cr
0.0000% share
+460.00% YoY
3.57% of Sub-Ch. 5705
CAGR · 7-Year
Exports
14.65% /yr
Imports
17.89% /yr
reference, FY 2024-25
Export
₹2,475.35 Cr
Import
₹54.88 Cr
Trade Balance
+2,420.47
Key Trade Insights: HSN Code 57050023 Export-Import Analysis
Consistent Export Growth: 14.65% CAGR Over 7 Years
India's exports under HSN Code 57050023 have grown at a compound annual rate of 14.65% over 7 fiscal years, rising from ₹159.48 Crore in FY 2018-19 to ₹362.21 Crore in FY 2024-25.
HSN Code 57050023 Ranked #1264 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 57050023 ranks #1264 out of 12657 HSN codes by total export value. Within Sub-Chapter 5705, it ranks #2 of 14. By trade surplus, it ranks #810 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 57050023 Exports
The strongest single-year export movement for HSN Code 57050023 was recorded in FY 2021-22, when exports surged by 60.56% over the prior year.
India Maintains a Trade Surplus of ₹360.25 Crore in HSN Code 57050023 Goods
In FY 2024-25, India's exports of ₹362.21 Cr exceeded imports of ₹1.96 Cr, resulting in a trade surplus of ₹360.25 Crore — ranking #810 of 12657 by surplus magnitude.
Import Growth of 17.89% CAGR Signals Rising Demand for Wool Durries
India's imports under HSN Code 57050023 have grown at 17.89% CAGR, reaching ₹1.96 Crore in FY 2024-25.
HSN Code 57050023 Contributes 14.63% of Sub-Chapter 5705 Exports — Ranked #2
Among the 14 HSN codes under Sub-Chapter 5705, HSN Code 57050023 ranks #2 by export value — accounting for 14.63% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.57% share (rank #5).
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Frequently Asked Questions
Clear answers to common queries about HSN Code 57050023 and GST compliance.
What products are classified under HSN 57050023 ?
It includes Blended Jute Carpets
Does packaging or labelling change the GST for Wool Durries?
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 Wool Durries is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wool Durries; Nil for exempt items if applicable).
How much GST applies to Wool Durries?
Under HSN 57050023, Wool Durries attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with Wool Durries?
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 Wool Durries?
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.
Can we claim ITC on inputs used to trade Wool Durries?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.