HSN Code 58042990 represents Lace: Mechanically made, other under GST classification. This code helps businesses identify Lace: Mechanically made, other correctly for billing, taxation, and trade. With HSN Code 58042990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Lace: Mechanically made, other.
Manage correct HSN codes and GST rates with BUSY.
HSN Code 58042990 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 : Other
2.5%
2.5%
5%
0%
Description of Goods
Mechanically made lace : Of other textile materials : Other
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
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Lace: Mechanically made, other 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 : Of cotton
Hand-made lace
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹28 Cr
0.0007% of India’s total exports
India’s Imports
FY 2025-26₹59 Cr
0.0009% of India’s total imports
Trade Balance
FY 2025-26−₹31 Cr
Surplus rank #9909 of 12872 HSN codes
% of Sub-Chapter 5804
FY 2025-2616.09%
Share of Sub-Chapter 5804’s total exports in FY 2025-26
Import side: 22.22% of Sub-Chapter 5804’s imports
Rank Within Sub-Chapter 5804
FY 2025-26#2 of 6
Position by export value among HSN codes in Sub-Chapter 5804
Import-side rank: #2 of 6
At a glance
−5.78%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#4560
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+74.30%
Peak Growth Year
FY 2021-22 · strongest single-year move
16.09%
Contribution to Sub-Ch. 5804
Share of Sub-Chapter 5804 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−93.52
Exports
43.07 ₹ Cr
0.0019% share
— YoY
20.28% of Sub-Ch. 5804
Imports
136.59 ₹ Cr
0.0038% share
— YoY
42.11% of Sub-Ch. 5804
Balance
−32.98
Exports
61.32 ₹ Cr
0.0028% share
+42.37% YoY
16.66% of Sub-Ch. 5804
Imports
94.30 ₹ Cr
0.0028% share
−30.96% YoY
32.80% of Sub-Ch. 5804
Balance
−18.41
Exports
15.64 ₹ Cr
0.0007% share
−74.49% YoY
9.26% of Sub-Ch. 5804
Imports
34.05 ₹ Cr
0.0012% share
−63.89% YoY
22.69% of Sub-Ch. 5804
Balance
−26.03
Exports
27.26 ₹ Cr
0.0009% share
+74.30% YoY
13.64% of Sub-Ch. 5804
Imports
53.29 ₹ Cr
0.0012% share
+56.51% YoY
23.19% of Sub-Ch. 5804
Balance
−33.43
Exports
25.86 ₹ Cr
0.0007% share
−5.14% YoY
9.97% of Sub-Ch. 5804
Imports
59.29 ₹ Cr
0.0010% share
+11.26% YoY
27.12% of Sub-Ch. 5804
Balance
−5.20
Exports
38.92 ₹ Cr
0.0011% share
+50.50% YoY
18.51% of Sub-Ch. 5804
Imports
44.12 ₹ Cr
0.0008% share
−25.59% YoY
20.79% of Sub-Ch. 5804
Balance
−30.70
Exports
28.75 ₹ Cr
0.0008% share
−26.13% YoY
17.78% of Sub-Ch. 5804
Imports
59.45 ₹ Cr
0.0010% share
+34.75% YoY
25.69% of Sub-Ch. 5804
Balance
−30.62
Exports
28.39 ₹ Cr
0.0007% share
−1.25% YoY
16.09% of Sub-Ch. 5804
Imports
59.01 ₹ Cr
0.0009% share
−0.74% YoY
22.22% of Sub-Ch. 5804
CAGR · 8-Year
Exports
−5.78% /yr
Imports
−11.30% /yr
reference, FY 2025-26
Export
₹176.50 Cr
Import
₹265.62 Cr
Trade Balance
−89.12
India's exports under HSN Code 58042990 have declined at a compound annual rate of −5.78% over 8 fiscal years, falling from ₹43.07 Crore in FY 2018-19 to ₹28.39 Crore in FY 2025-26.
In FY 2025-26, HSN Code 58042990 ranks #4560 out of 12872 HSN codes by total export value. Within Sub-Chapter 5804, it ranks #2 of 6. By trade surplus, it ranks #9909 of 12872.
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.
In FY 2025-26, India's imports of ₹59.01 Cr exceeded exports of ₹28.39 Cr, resulting in a trade deficit of ₹30.62 Crore — ranking #9909 of 12872 by surplus magnitude.
India's imports under HSN Code 58042990 have grown at −11.30% CAGR, reaching ₹59.01 Crore in FY 2025-26.
Among the 6 HSN codes under Sub-Chapter 5804, HSN Code 58042990 ranks #2 by export value — accounting for 16.09% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 22.22% share (rank #2).
Clear answers to common queries about HSN Code 58042990 and GST compliance.
It includes Jute Tapestries (Hand-Woven/Needle-Worked)
Under HSN 58042990, Lace: Mechanically made, other attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
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.
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 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).