---
title: "HSN Code for Lace: Mechanically made, other | HSN 58042990 GST Rate"
description: "Find HSN and GST Rates for 58042990 related to Lace: Mechanically made, other with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-58042990/"
---

# HSN Code 58042990: Lace: Mechanically made, other

- [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 |
| --- | --- | --- | --- | --- |
| Mechanically made lace : Of other textile materials : Other | 6% | 6% | 12% | 0% |

## Frequently asked questions

### What products are classified under HSN 58042990 ?

It includes Jute Tapestries (Hand-Woven/Needle-Worked)

### How much GST applies to Lace: Mechanically made, other?

Under HSN 58042990, Lace: Mechanically made, other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Lace: Mechanically made, other?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Any common misclassification issue with Lace: Mechanically made, other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### Does packaging or labelling change the GST for Lace: Mechanically made, other?

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.

### Do e‑way bill and e‑invoice apply for Lace: Mechanically made, other?

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 should mixed supplies be billed when Lace: Mechanically made, other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Lace: Mechanically made, other; Nil for exempt items if applicable).

## India's trade performance: HSN Code 58042990 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹29 Cr (−26.13% YoY) — 0.0008% of India's total exports
- Imports: ₹59 Cr (+34.75% YoY) — 0.0010% of India's total imports
- Trade balance: −₹31 Cr (Deficit); surplus rank #9856 of 12657 HSN codes
- Share of Sub-Chapter 5804: 17.78% of its exports; import side 25.69%
- Rank within Sub-Chapter 5804: #2 of 6 by export value; import-side #2

### Key metrics

- Export CAGR: -6.51% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4389 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +74.30% in FY 2021-22
- Contribution to Sub-Ch. 5804: 17.78% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 58042990

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 | 43.07 | 0.0019% | — | 20.28% | 136.59 | 0.0038% | — | 42.11% | −93.52 | #3091 |
| FY 2019-20 | 61.32 | 0.0028% | +42.37% | 16.66% | 94.30 | 0.0028% | −30.96% | 32.80% | −32.98 | #2612 |
| FY 2020-21 | 15.64 | 0.0007% | −74.49% | 9.26% | 34.05 | 0.0012% | −63.89% | 22.69% | −18.41 | #4524 |
| FY 2021-22 | 27.26 | 0.0009% | +74.30% | 13.64% | 53.29 | 0.0012% | +56.51% | 23.19% | −26.03 | #4159 |
| FY 2022-23 | 25.86 | 0.0007% | −5.14% | 9.97% | 59.29 | 0.0010% | +11.26% | 27.12% | −33.43 | #4354 |
| FY 2023-24 | 38.92 | 0.0011% | +50.50% | 18.51% | 44.12 | 0.0008% | −25.59% | 20.79% | −5.20 | #3875 |
| FY 2024-25 | 28.75 | 0.0008% | −26.13% | 17.78% | 59.45 | 0.0010% | +34.75% | 25.69% | −30.70 | #4389 |

- CAGR (7-year): exports -6.51%/yr, imports -12.95%/yr (consistently Deficit)

## Key trade insights: HSN Code 58042990 export-import analysis

### Export decline: -6.51% CAGR over 7 years

India's exports under HSN Code 58042990 have declined at a compound annual rate of -6.51% over 7 fiscal years, falling from ₹43.07 Crore in FY 2018-19 to ₹28.75 Crore in FY 2024-25.

### HSN Code 58042990 ranked #4389 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 58042990 ranks #4389 out of 12657 HSN codes by total export value. Within Sub-Chapter 5804, it ranks #2 of 6. By trade surplus, it ranks #9856 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 58042990 exports

The strongest single-year export movement for HSN Code 58042990 was recorded in FY 2021-22, when exports surged by 74.30% over the prior year.

### India records a trade deficit of ₹30.70 Crore in HSN Code 58042990 goods

In FY 2024-25, India's imports of ₹59.45 Cr exceeded exports of ₹28.75 Cr, resulting in a trade deficit of ₹30.70 Crore — ranking #9856 of 12657 by surplus magnitude.

### Import growth of -12.95% CAGR signals stable import dependency for Lace: Mechanically made, other

India's imports under HSN Code 58042990 have grown at -12.95% CAGR, reaching ₹59.45 Crore in FY 2024-25.

### HSN Code 58042990 contributes 17.78% of Sub-Chapter 5804 exports — ranked #2

Among the 6 HSN codes under Sub-Chapter 5804, HSN Code 58042990 ranks #2 by export value — accounting for 17.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 25.69% share (rank #2).

## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-58041010/) | ₹1 Cr |