--- title: "HSN Code for Tools For Tapping Or Threading | Chasers | HSN 58041010 GST Rate" description: "Find HSN and GST Rates for 58041010 related to Tools For Tapping Or Threading | Chasers with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-58041010/" --- # HSN Code 58041010: Tools For Tapping Or Threading | Chasers - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 58: Special Woven Fabrics, Lace & Embroidery](https://busy.in/hsn/chapter-58/) - [Sub-chapter 5804: Tulles, Lace, Net Fabrics](https://busy.in/hsn/sub-chapter-5804/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Tulles and other net fabrics : Of cotton | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 58041010 ? It includes Cotton lace: Mechanically made ### Can we claim ITC on inputs used to trade Tools For Tapping Or Threading / Chasers? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Tools For Tapping Or Threading / Chasers is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Tools For Tapping Or Threading / Chasers; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Tools For Tapping Or Threading / Chasers? 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. ### How much GST applies to Tools For Tapping Or Threading / Chasers? Under HSN 58041010, Tools For Tapping Or Threading / Chasers attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Tools For Tapping Or Threading / Chasers? 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. ## India's trade performance: HSN Code 58041010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (−7.94% YoY) — 0.0000% of India's total exports - Imports: ₹3 Cr (+32.64% YoY) — 0.0000% of India's total imports - Trade balance: −₹1 Cr (Deficit); surplus rank #8031 of 12657 HSN codes - Share of Sub-Chapter 5804: 0.72% of its exports; import side 1.11% - Rank within Sub-Chapter 5804: #6 of 6 by export value; import-side #5 ### Key metrics - Export CAGR: -23.01% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8121 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +68.09% in FY 2022-23 - Contribution to Sub-Ch. 5804: 0.72% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 58041010 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 Sub-Ch. 5804 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5804 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 5.57 | 0.0002% | — | 2.62% | 4.83 | 0.0001% | — | 1.49% | +0.74 | #5727 | | FY 2019-20 | 2.63 | 0.0001% | −52.78% | 0.71% | < ₹1 Crore | 0.0000% | −87.78% | 0.21% | +2.04 | #6634 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −65.78% | 0.53% | < ₹1 Crore | 0.0000% | +54.24% | 0.61% | −0.01 | #7745 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +4.44% | 0.47% | < ₹1 Crore | 0.0000% | −28.57% | 0.28% | +0.29 | #8038 | | FY 2022-23 | 1.58 | 0.0000% | +68.09% | 0.61% | 1.18 | 0.0000% | +81.54% | 0.54% | +0.40 | #7688 | | FY 2023-24 | 1.26 | 0.0000% | −20.25% | 0.60% | 1.93 | 0.0000% | +63.56% | 0.91% | −0.67 | #8026 | | FY 2024-25 | 1.16 | 0.0000% | −7.94% | 0.72% | 2.56 | 0.0000% | +32.64% | 1.11% | −1.40 | #8121 | - CAGR (7-year): exports -23.01%/yr, imports -10.04%/yr (consistently Deficit) ## Key trade insights: HSN Code 58041010 export-import analysis ### Export decline: -23.01% CAGR over 7 years India's exports under HSN Code 58041010 have declined at a compound annual rate of -23.01% over 7 fiscal years, falling from ₹5.57 Crore in FY 2018-19 to ₹1.16 Crore in FY 2024-25. ### HSN Code 58041010 ranked #8121 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 58041010 ranks #8121 out of 12657 HSN codes by total export value. Within Sub-Chapter 5804, it ranks #6 of 6. By trade surplus, it ranks #8031 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 58041010 exports The strongest single-year export movement for HSN Code 58041010 was recorded in FY 2022-23, when exports surged by 68.09% over the prior year. ### India records a trade deficit of ₹1.40 Crore in HSN Code 58041010 goods In FY 2024-25, India's imports of ₹2.56 Cr exceeded exports of ₹1.16 Cr, resulting in a trade deficit of ₹1.40 Crore — ranking #8031 of 12657 by surplus magnitude. ### Import growth of -10.04% CAGR signals stable import dependency for Tools For Tapping Or Threading | Chasers India's imports under HSN Code 58041010 have grown at -10.04% CAGR, reaching ₹2.56 Crore in FY 2024-25. ### HSN Code 58041010 contributes 0.72% of Sub-Chapter 5804 exports — ranked #6 Among the 6 HSN codes under Sub-Chapter 5804, HSN Code 58041010 ranks #6 by export value — accounting for 0.72% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.11% share (rank #5). ## Related HSN Codes in Sub-Chapter 5804 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 58041090: Tulles And Other Net Fabrics \| Other](https://busy.in/hsn/hsn-58041090/) | ₹111 Cr | | #2 | [HSN Code 58042990: Lace: Mechanically made, other](https://busy.in/hsn/hsn-58042990/) | ₹29 Cr | | #3 | [HSN Code 58042100: Mechanically made lace : Of man-made fibres](https://busy.in/hsn/hsn-58042100/) | ₹12 Cr | | #4 | [HSN Code 58043000: Hand-Made Lace](https://busy.in/hsn/hsn-58043000/) | ₹6 Cr | | #5 | [HSN Code 58042910: Cotton lace: Mechanically made](https://busy.in/hsn/hsn-58042910/) | ₹2 Cr | | #6 | HSN Code 58041010: Tools For Tapping Or Threading \| Chasers (this hsn code) | ₹1 Cr |