5005 HSN Code: Silk waste yarn

HSN Sub Chapter 5005 represents Silk waste yarn under GST classification. This code helps businesses identify Silk waste yarn correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5005, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Silk waste yarn.

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New GST Rate for HSN Code 5005

GST Rate for Silk waste yarn under HSN Code 5005. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

50

HSN Code

5005

HSN Description

Yarn spun from silk waste, not put up for retail sale

New GST Rate

0 %
Exempted

Old GST Rate

0 %

Tariff HSN Codes under HSN Sub Chapter 5005

Following tariff HSN codes fall under Silk waste yarn.

Tariff HSN

50050011

Description

Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : Other than noil silk

Tariff HSN

50050012

Description

Yarn spun from silk waste, not put up for retail sale : Containing 85% or more by weight of silk waste : From noil silk

Tariff HSN

50050021

Description

Yarn spun from silk waste, not put up for retail sale : Other than noil silk

Tariff HSN

50050022

Description

Yarn spun from silk waste, not put up for retail sale : From noil silk

India’s Trade Performance — HSN Sub-Chapter 5005 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

₹20 Cr

+14.51% vs FY 2023-24

0.0005% of India’s total exports

India’s Imports

FY 2024-25

₹49 Cr

−2.70% vs FY 2023-24

0.0008% of India’s total imports

Trade Balance

FY 2024-25

−₹29 Cr

Trade Deficit

Surplus rank #639 of 1233 subchapters

% of Chapter 50

FY 2024-25

1.46%

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

Import side: 3.27% of Chapter 50’s imports

Rank Within Chapter 50

FY 2024-25

#4 of 7

Position by export value among subchapters in Chapter 50

Import-side rank: #4 of 7

At a glance

6.51%

Export CAGR

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

#1003

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+81.99%

Peak Growth Year

FY 2020-21 · strongest single-year move

1.46%

Contribution to Ch. 50

Share of Chapter 50 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #984

Balance

−9.16

Exports

13.73 ₹ Cr

0.0006% share

— YoY

2.32% of Ch. 50

Imports

22.89 ₹ Cr

0.0006% share

— YoY

1.61% of Ch. 50

FY 2019-20 Exp. Rank #998

Balance

−19.08

Exports

10.16 ₹ Cr

0.0005% share

−26.00% YoY

1.71% of Ch. 50

Imports

29.24 ₹ Cr

0.0009% share

+27.74% YoY

1.96% of Ch. 50

FY 2020-21 Exp. Rank #951

Balance

+0.96

Exports

18.49 ₹ Cr

0.0009% share

+81.99% YoY

3.15% of Ch. 50

Imports

17.53 ₹ Cr

0.0006% share

−40.05% YoY

2.39% of Ch. 50

FY 2021-22 Exp. Rank #978

Balance

−13.65

Exports

18.11 ₹ Cr

0.0006% share

−2.06% YoY

2.09% of Ch. 50

Imports

31.76 ₹ Cr

0.0007% share

+81.18% YoY

2.87% of Ch. 50

FY 2022-23 Exp. Rank #989

Balance

−42.68

Exports

18.76 ₹ Cr

0.0005% share

+3.59% YoY

2.31% of Ch. 50

Imports

61.44 ₹ Cr

0.0011% share

+93.45% YoY

2.83% of Ch. 50

FY 2023-24 Exp. Rank #1005

Balance

−32.84

Exports

17.50 ₹ Cr

0.0005% share

−6.72% YoY

1.70% of Ch. 50

Imports

50.34 ₹ Cr

0.0009% share

−18.07% YoY

2.92% of Ch. 50

FY 2024-25 Exp. Rank #1003

Balance

−28.94

Exports

20.04 ₹ Cr

0.0005% share

+14.51% YoY

1.46% of Ch. 50

Imports

48.98 ₹ Cr

0.0008% share

−2.70% YoY

3.27% of Ch. 50

CAGR · 7-Year

Exports

6.51% /yr

Imports

13.52% /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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5005 ranks #1003 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5005 and GST compliance.

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.

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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