HSN Code 58042100 represents Mechanically made lace : Of man-made fibres under GST classification. This code helps businesses identify Mechanically made lace : Of man-made fibres correctly for billing, taxation, and trade. With HSN Code 58042100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Mechanically made lace : Of man-made fibres.
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HSN Code 58042100 relates to the following description.
Special woven fabrics; tufted textile fabrics; lace; tapestries; trimmings; embroidery
Tulles and other net fabrics, not including woven, knitted or crocheted fabrics; lace in the piece, in strips or in motifs, other than fabrics of headings 6002 to 6006
Mechanically made lace : Of man-made fibres
6%
6%
12%
0%
Description of Goods
Mechanically made lace : Of man-made fibres
Chapter
58 - Special woven fabrics; tufted textile fabrics; lace; tapestries; trimmings; embroidery
Sub Chapter
5804 - Tulles and other net fabrics, not including woven, knitted or crocheted fabrics; lace in the piece, in strips or in motifs, other than fabrics of headings 6002 to 6006
CGST
6%
SGST
6%
IGST
12%
CESS
0%
Mechanically made lace : Of man-made fibres does not include products with the following descriptions.
Tulles and other net fabrics : Of cotton
Tulles and other net fabrics : Other
Mechanically made lace : Of other textile materials : Of cotton
Mechanically made lace : Of other textile materials : Other
Hand-made lace
India’s Exports
FY 2024-25₹12 Cr
0.0003% of India’s total exports
India’s Imports
FY 2024-25₹133 Cr
0.0022% of India’s total imports
Trade Balance
FY 2024-25−₹121 Cr
Surplus rank #10948 of 12657 HSN codes
% of Sub-Chapter 5804
FY 2024-257.73%
Share of Sub-Chapter 5804’s total exports in FY 2024-25
Import side: 57.58% of Sub-Chapter 5804’s imports
Rank Within Sub-Chapter 5804
FY 2024-25#3 of 6
Position by export value among HSN codes in Sub-Chapter 5804
Import-side rank: #1 of 6
At a glance
−16.12%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5516
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+119.73%
Peak Growth Year
FY 2022-23 · strongest single-year move
7.73%
Contribution to Sub-Ch. 5804
Share of Sub-Chapter 5804 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−99.31
Exports
35.85 ₹ Cr
0.0016% share
— YoY
16.88% of Sub-Ch. 5804
Imports
135.16 ₹ Cr
0.0038% share
— YoY
41.67% of Sub-Ch. 5804
Balance
−93.94
Exports
48.65 ₹ Cr
0.0022% share
+35.70% YoY
13.22% of Sub-Ch. 5804
Imports
142.59 ₹ Cr
0.0043% share
+5.50% YoY
49.59% of Sub-Ch. 5804
Balance
−62.18
Exports
16.92 ₹ Cr
0.0008% share
−65.22% YoY
10.02% of Sub-Ch. 5804
Imports
79.10 ₹ Cr
0.0027% share
−44.53% YoY
52.72% of Sub-Ch. 5804
Balance
−84.95
Exports
33.80 ₹ Cr
0.0011% share
+99.76% YoY
16.91% of Sub-Ch. 5804
Imports
118.75 ₹ Cr
0.0026% share
+50.13% YoY
51.67% of Sub-Ch. 5804
Balance
−26.57
Exports
74.27 ₹ Cr
0.0021% share
+119.73% YoY
28.64% of Sub-Ch. 5804
Imports
100.84 ₹ Cr
0.0018% share
−15.08% YoY
46.13% of Sub-Ch. 5804
Balance
−92.53
Exports
35.23 ₹ Cr
0.0010% share
−52.57% YoY
16.75% of Sub-Ch. 5804
Imports
127.76 ₹ Cr
0.0023% share
+26.70% YoY
60.20% of Sub-Ch. 5804
Balance
−120.76
Exports
12.49 ₹ Cr
0.0003% share
−64.55% YoY
7.73% of Sub-Ch. 5804
Imports
133.25 ₹ Cr
0.0022% share
+4.30% YoY
57.58% of Sub-Ch. 5804
CAGR · 7-Year
Exports
−16.12% /yr
Imports
−0.24% /yr
reference, FY 2024-25
Export
₹161.68 Cr
Import
₹231.42 Cr
Trade Balance
−69.74
India's exports under HSN Code 58042100 have declined at a compound annual rate of −16.12% over 7 fiscal years, falling from ₹35.85 Crore in FY 2018-19 to ₹12.49 Crore in FY 2024-25.
In FY 2024-25, HSN Code 58042100 ranks #5516 out of 12657 HSN codes by total export value. Within Sub-Chapter 5804, it ranks #3 of 6. By trade surplus, it ranks #10948 of 12657.
The strongest single-year export movement for HSN Code 58042100 was recorded in FY 2022-23, when exports surged by 119.73% over the prior year.
In FY 2024-25, India's imports of ₹133.25 Cr exceeded exports of ₹12.49 Cr, resulting in a trade deficit of ₹120.76 Crore — ranking #10948 of 12657 by surplus magnitude.
India's imports under HSN Code 58042100 have grown at −0.24% CAGR, reaching ₹133.25 Crore in FY 2024-25.
Among the 6 HSN codes under Sub-Chapter 5804, HSN Code 58042100 ranks #3 by export value — accounting for 7.73% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 57.58% share (rank #1).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 58042100 and GST compliance.
It includes Hand-Made Lace
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Mechanically made lace : Of man-made fibres; Nil for exempt items if applicable).
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 58042100, Mechanically made lace : Of man-made fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.