5002 HSN Code: Raw silk

HSN Sub Chapter 5002 represents Raw silk under GST classification. This code helps businesses identify Raw silk correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5002, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Raw silk.

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New GST Rate for HSN Code 5002

GST Rate for Raw silk under HSN Code 5002. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

50

HSN Code

5002

HSN Description

Raw silk (not thrown)

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 5002

Following tariff HSN codes fall under Raw silk.

Tariff HSN

50020010

Description

Raw silk (not thrown) : Mulberry raw silk

Tariff HSN

50020020

Description

Raw silk (not thrown) : Mulberry dupion silk

Tariff HSN

50020030

Description

Raw silk (not thrown) : Non-mulberry silk

India’s Trade Performance — HSN Sub-Chapter 5002 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

₹25 Cr

+65.67% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

₹1,002 Cr

−20.15% vs FY 2023-24

0.0164% of India’s total imports

Trade Balance

FY 2024-25

−₹977 Cr

Trade Deficit

Surplus rank #951 of 1233 subchapters

% of Chapter 50

FY 2024-25

1.85%

Share of Chapter 50’s total exports in FY 2024-25

Import side: 66.98% of Chapter 50’s imports

Rank Within Chapter 50

FY 2024-25

#3 of 7

Position by export value among subchapters in Chapter 50

Import-side rank: #1 of 7

At a glance

62.86%

Export CAGR

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

#979

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+766.92%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.85%

Contribution to Ch. 50

Share of Chapter 50 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5002

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 #1125

Balance

−1,040.04

Exports

1.36 ₹ Cr

0.0001% share

— YoY

0.23% of Ch. 50

Imports

1,041.40 ₹ Cr

0.0290% share

— YoY

73.39% of Ch. 50

FY 2019-20 Exp. Rank #1123

Balance

−1,148.17

Exports

1.15 ₹ Cr

0.0001% share

−15.44% YoY

0.19% of Ch. 50

Imports

1,149.32 ₹ Cr

0.0343% share

+10.36% YoY

77.18% of Ch. 50

FY 2020-21 Exp. Rank #1113

Balance

−569.26

Exports

1.30 ₹ Cr

0.0001% share

+13.04% YoY

0.22% of Ch. 50

Imports

570.56 ₹ Cr

0.0196% share

−50.36% YoY

77.78% of Ch. 50

FY 2021-22 Exp. Rank #1012

Balance

−808.41

Exports

11.27 ₹ Cr

0.0004% share

+766.92% YoY

1.30% of Ch. 50

Imports

819.68 ₹ Cr

0.0179% share

+43.66% YoY

74.19% of Ch. 50

FY 2022-23 Exp. Rank #1119

Balance

−1,711.89

Exports

1.79 ₹ Cr

0.0000% share

−84.12% YoY

0.22% of Ch. 50

Imports

1,713.68 ₹ Cr

0.0298% share

+109.07% YoY

78.83% of Ch. 50

FY 2023-24 Exp. Rank #1013

Balance

−1,239.64

Exports

15.32 ₹ Cr

0.0004% share

+755.87% YoY

1.49% of Ch. 50

Imports

1,254.96 ₹ Cr

0.0223% share

−26.77% YoY

72.71% of Ch. 50

FY 2024-25 Exp. Rank #979

Balance

−976.65

Exports

25.38 ₹ Cr

0.0007% share

+65.67% YoY

1.85% of Ch. 50

Imports

1,002.03 ₹ Cr

0.0164% share

−20.15% YoY

66.98% of Ch. 50

CAGR · 7-Year

Exports

62.86% /yr

Imports

−0.64% /yr

Consistently Deficit
Chapter 50 total

reference, FY 2024-25

Export

₹1,375.23 Cr

Import

₹1,496.12 Cr

Trade Balance

−120.89

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

Key Trade Insights: HSN Sub-Chapter 5002 Export-Import Analysis

Consistent Export Growth: 62.86% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5002 have grown at a compound annual rate of 62.86% over 7 fiscal years, rising from ₹1.36 Crore in FY 2018-19 to ₹25.38 Crore in FY 2024-25.

HSN Sub-Chapter 5002 Ranked #979 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5002 ranks #979 out of 1233 subchapters by total export value. Within Chapter 50, it ranks #3 of 7. By trade surplus, it ranks #951 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 5002 Exports

The strongest single-year export movement for HSN Sub-Chapter 5002 was recorded in FY 2021-22, when exports surged by 766.92% over the prior year.

India Records a Trade Deficit of ₹976.65 Crore in HSN Sub-Chapter 5002 Goods

In FY 2024-25, India's imports of ₹1,002.03 Cr exceeded exports of ₹25.38 Cr, resulting in a trade deficit of ₹976.65 Crore — ranking #951 of 1233 by surplus magnitude.

Import Growth of −0.64% CAGR Signals Stable Import Dependency for Raw silk

India's imports under HSN Sub-Chapter 5002 have grown at −0.64% CAGR, reaching ₹1,002.03 Crore in FY 2024-25.

HSN Sub-Chapter 5002 Contributes 1.85% of Chapter 50 Exports — Ranked #3

Among the 7 subchapters under Chapter 50, HSN Sub-Chapter 5002 ranks #3 by export value — accounting for 1.85% of the chapter's total exports in FY 2024-25. On the import side, it holds 66.98% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5002 and GST compliance.

What products are classified under HSN 5002

It includes Raw silk

How do I bill a kit or combo that includes Raw silk?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

What are the e‑way bill and e‑invoice points while moving Raw silk?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

What should my invoice and records include for Raw silk?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

Any special steps when selling Raw silk through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

Do spares or accessories of Raw silk follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part 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.

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