HSN Code 58042910 represents Cotton lace: Mechanically made under GST classification. This code helps businesses identify Cotton lace: Mechanically made correctly for billing, taxation, and trade. With HSN Code 58042910, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cotton lace: Mechanically made.
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HSN Code 58042910 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 other textile materials : Of cotton
6%
6%
12%
0%
Description of Goods
Mechanically made lace : Of other textile materials : Of cotton
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%
Cotton lace: Mechanically made 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 man-made fibres
Mechanically made lace : Of other textile materials : Other
Hand-made lace
India’s Exports
FY 2024-25₹2 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹19 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25−₹16 Cr
Surplus rank #9412 of 12657 HSN codes
% of Sub-Chapter 5804
FY 2024-251.48%
Share of Sub-Chapter 5804’s total exports in FY 2024-25
Import side: 8.01% of Sub-Chapter 5804’s imports
Rank Within Sub-Chapter 5804
FY 2024-25#5 of 6
Position by export value among HSN codes in Sub-Chapter 5804
Import-side rank: #3 of 6
At a glance
−7.65%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7438
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+621.91%
Peak Growth Year
FY 2020-21 · strongest single-year move
1.48%
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
−6.51
Exports
3.87 ₹ Cr
0.0002% share
— YoY
1.82% of Sub-Ch. 5804
Imports
10.38 ₹ Cr
0.0003% share
— YoY
3.20% of Sub-Ch. 5804
Balance
−8.03
Exports
1.78 ₹ Cr
0.0001% share
−54.01% YoY
0.48% of Sub-Ch. 5804
Imports
9.81 ₹ Cr
0.0003% share
−5.49% YoY
3.41% of Sub-Ch. 5804
Balance
−2.16
Exports
12.85 ₹ Cr
0.0006% share
+621.91% YoY
7.61% of Sub-Ch. 5804
Imports
15.01 ₹ Cr
0.0005% share
+53.01% YoY
10.00% of Sub-Ch. 5804
Balance
−16.81
Exports
6.34 ₹ Cr
0.0002% share
−50.66% YoY
3.17% of Sub-Ch. 5804
Imports
23.15 ₹ Cr
0.0005% share
+54.23% YoY
10.07% of Sub-Ch. 5804
Balance
−17.86
Exports
2.60 ₹ Cr
0.0001% share
−58.99% YoY
1.00% of Sub-Ch. 5804
Imports
20.46 ₹ Cr
0.0004% share
−11.62% YoY
9.36% of Sub-Ch. 5804
Balance
−14.75
Exports
2.54 ₹ Cr
0.0001% share
−2.31% YoY
1.21% of Sub-Ch. 5804
Imports
17.29 ₹ Cr
0.0003% share
−15.49% YoY
8.15% of Sub-Ch. 5804
Balance
−16.14
Exports
2.40 ₹ Cr
0.0001% share
−5.51% YoY
1.48% of Sub-Ch. 5804
Imports
18.54 ₹ Cr
0.0003% share
+7.23% YoY
8.01% of Sub-Ch. 5804
CAGR · 7-Year
Exports
−7.65% /yr
Imports
10.15% /yr
reference, FY 2024-25
Export
₹161.68 Cr
Import
₹231.42 Cr
Trade Balance
−69.74
India's exports under HSN Code 58042910 have declined at a compound annual rate of −7.65% over 7 fiscal years, falling from ₹3.87 Crore in FY 2018-19 to ₹2.40 Crore in FY 2024-25.
In FY 2024-25, HSN Code 58042910 ranks #7438 out of 12657 HSN codes by total export value. Within Sub-Chapter 5804, it ranks #5 of 6. By trade surplus, it ranks #9412 of 12657.
The strongest single-year export movement for HSN Code 58042910 was recorded in FY 2020-21, when exports surged by 621.91% over the prior year.
In FY 2024-25, India's imports of ₹18.54 Cr exceeded exports of ₹2.40 Cr, resulting in a trade deficit of ₹16.14 Crore — ranking #9412 of 12657 by surplus magnitude.
India's imports under HSN Code 58042910 have grown at 10.15% CAGR, reaching ₹18.54 Crore in FY 2024-25.
Among the 6 HSN codes under Sub-Chapter 5804, HSN Code 58042910 ranks #5 by export value — accounting for 1.48% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 8.01% share (rank #3).
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 58042910 and GST compliance.
It includes Jute Hand/Shopping Bags
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.
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.
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 58042910, Cotton lace: Mechanically made attracts Varies when sold in taxable form. Describe the exact form on the invoice.