--- title: "5005 HSN Code | HSN Code for Silk waste yarn in India" description: "Know more about 5005 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 5005 covering Silk waste yarn." canonical: "https://busy.in/hsn/sub-chapter-5005/" --- # HSN Sub-chapter 5005: Silk waste yarn Yarn spun from silk waste, not put up for retail sale Part of [Chapter 50: Silk](https://busy.in/hsn/chapter-50/). - Current GST rate: 0% - Earlier GST rate: 0% ## HSN codes | Code | Title | | --- | --- | | 50050011 | [Silk Waste Yarn: Other Than Noil Silk, Containing ≥85% Silk](https://busy.in/hsn/hsn-50050011/) | | 50050012 | [Noil Silk Yarn](https://busy.in/hsn/hsn-50050012/) | | 50050021 | [Silk Waste Yarn: Other Than Noil Silk, Not for Retail Sale](https://busy.in/hsn/hsn-50050021/) | | 50050022 | [Yarn spun from silk waste, not put up for retail sale : From noil silk](https://busy.in/hsn/hsn-50050022/) | ## Frequently asked questions ### What products are classified under HSN 5005 It includes Silk waste yarn ### What misclassification mistakes happen with Silk waste yarn? Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper. ### Is the composition scheme suitable if I mainly trade Silk waste yarn? The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in. ### Can I claim ITC on inputs and services used for Silk waste yarn? If your outward supply of Silk waste yarn is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43. ### What should my invoice and records include for Silk waste yarn? 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 import/export nuance for Silk waste yarn? Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE. ## India's trade performance: HSN Sub-Chapter 5005 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹20 Cr (+14.51% YoY) — 0.0005% of India's total exports - Imports: ₹49 Cr (−2.70% YoY) — 0.0008% of India's total imports - Trade balance: −₹29 Cr (Deficit); surplus rank #639 of 1233 sub-chapters - Share of Chapter 50: 1.46% of its exports; import side 3.27% - Rank within Chapter 50: #4 of 7 by export value; import-side #4 ### Key metrics - Export CAGR: 6.51% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1003 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +81.99% in FY 2020-21 - Contribution to Ch. 50: 1.46% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 5005 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 50 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 50 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 13.73 | 0.0006% | — | 2.32% | 22.89 | 0.0006% | — | 1.61% | −9.16 | #984 | | FY 2019-20 | 10.16 | 0.0005% | −26.00% | 1.71% | 29.24 | 0.0009% | +27.74% | 1.96% | −19.08 | #998 | | FY 2020-21 | 18.49 | 0.0009% | +81.99% | 3.15% | 17.53 | 0.0006% | −40.05% | 2.39% | +0.96 | #951 | | FY 2021-22 | 18.11 | 0.0006% | −2.06% | 2.09% | 31.76 | 0.0007% | +81.18% | 2.87% | −13.65 | #978 | | FY 2022-23 | 18.76 | 0.0005% | +3.59% | 2.31% | 61.44 | 0.0011% | +93.45% | 2.83% | −42.68 | #989 | | FY 2023-24 | 17.50 | 0.0005% | −6.72% | 1.70% | 50.34 | 0.0009% | −18.07% | 2.92% | −32.84 | #1005 | | FY 2024-25 | 20.04 | 0.0005% | +14.51% | 1.46% | 48.98 | 0.0008% | −2.70% | 3.27% | −28.94 | #1003 | - CAGR (7-year): exports 6.51%/yr, imports 13.52%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 5005 export-import analysis ### Consistent export growth: 6.51% CAGR over 7 years India's exports under HSN Sub-Chapter 5005 have grown at a compound annual rate of 6.51% over 7 fiscal years, rising from ₹13.73 Crore in FY 2018-19 to ₹20.04 Crore in FY 2024-25. ### HSN Sub-Chapter 5005 ranked #1003 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 5005 ranks #1003 out of 1233 sub-chapters by total export value. Within Chapter 50, it ranks #4 of 7. By trade surplus, it ranks #639 of 1233. ### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 5005 exports The strongest single-year export movement for HSN Sub-Chapter 5005 was recorded in FY 2020-21, when exports surged by 81.99% over the prior year. ### India records a trade deficit of ₹28.94 Crore in HSN Sub-Chapter 5005 goods In FY 2024-25, India's imports of ₹48.98 Cr exceeded exports of ₹20.04 Cr, resulting in a trade deficit of ₹28.94 Crore — ranking #639 of 1233 by surplus magnitude. ### Import growth of 13.52% CAGR signals rising demand for Silk waste yarn India's imports under HSN Sub-Chapter 5005 have grown at 13.52% CAGR, reaching ₹48.98 Crore in FY 2024-25. ### HSN Sub-Chapter 5005 contributes 1.46% of Chapter 50 exports — ranked #4 Among the 7 sub-chapters under Chapter 50, HSN Sub-Chapter 5005 ranks #4 by export value — accounting for 1.46% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.27% share (rank #4). ## Related Sub-Chapters in Chapter 50 Ranked by export value (FY 2024-25). | Rank | HSN Sub-Chapter | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Sub-Chapter 5007: Woven fabrics of silk or silk waste](https://busy.in/hsn/sub-chapter-5007/) | ₹1,043 Cr | | #2 | [HSN Sub-Chapter 5003: Silk waste products](https://busy.in/hsn/sub-chapter-5003/) | ₹265 Cr | | #3 | [HSN Sub-Chapter 5002: Raw silk](https://busy.in/hsn/sub-chapter-5002/) | ₹25 Cr | | #4 | HSN Sub-Chapter 5005: Silk waste yarn (this hsn sub-chapter) | ₹20 Cr | | #5 | [HSN Sub-Chapter 5004: Ion-exchangers](https://busy.in/hsn/sub-chapter-5004/) | ₹15 Cr | | #6 | [HSN Sub-Chapter 5006: Metal working machines](https://busy.in/hsn/sub-chapter-5006/) | ₹7 Cr | | — | [HSN Sub-Chapter 5001: Silk-worm cocoons](https://busy.in/hsn/sub-chapter-5001/) | Nil | ## Other sub-chapters | Code | Title | | --- | --- | | 5001 | [Silk-worm cocoons](https://busy.in/hsn/sub-chapter-5001/) | | 5002 | [Raw silk](https://busy.in/hsn/sub-chapter-5002/) | | 5003 | [Silk waste products](https://busy.in/hsn/sub-chapter-5003/) | | 5004 | [Ion-exchangers](https://busy.in/hsn/sub-chapter-5004/) | | 5006 | [Metal working machines](https://busy.in/hsn/sub-chapter-5006/) | | 5007 | [Woven fabrics of silk or silk waste](https://busy.in/hsn/sub-chapter-5007/) |