--- title: "HSN Code for Hand-Made Lace | HSN 58043000 GST Rate" description: "Find HSN and GST Rates for 58043000 related to Hand-Made Lace with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-58043000/" --- # HSN Code 58043000: Hand-Made Lace - [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 | | --- | --- | --- | --- | --- | | Hand-made lace | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 58043000 ? It includes Cotton Hand/Shopping Bags ### How should mixed supplies be billed when Hand-Made Lace is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Hand-Made Lace; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Hand-Made Lace? 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. ### Any common misclassification issue with Hand-Made Lace? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Hand-Made Lace? Under HSN 58043000, Hand-Made Lace attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Hand-Made Lace? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Hand-Made Lace? 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. ## India's trade performance: HSN Code 58043000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹6 Cr (+8.77% YoY) — 0.0002% of India's total exports - Imports: ₹1 Cr (−85.89% YoY) — 0.0000% of India's total imports - Trade balance: ₹5 Cr (Surplus); surplus rank #3747 of 12657 HSN codes - Share of Sub-Chapter 5804: 3.76% of its exports; import side 0.58% - Rank within Sub-Chapter 5804: #4 of 6 by export value; import-side #6 ### Key metrics - Export CAGR: -17.90% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6386 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +507.66% in FY 2019-20 - Contribution to Sub-Ch. 5804: 3.76% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 58043000 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 | 19.85 | 0.0009% | — | 9.34% | < ₹1 Crore | 0.0000% | — | 0.19% | +19.23 | #4117 | | FY 2019-20 | 120.62 | 0.0055% | +507.66% | 32.77% | < ₹1 Crore | 0.0000% | +14.52% | 0.25% | +119.91 | #1810 | | FY 2020-21 | 54.46 | 0.0025% | −54.85% | 32.25% | 3.16 | 0.0001% | +345.07% | 2.11% | +51.30 | #2807 | | FY 2021-22 | 37.05 | 0.0012% | −31.97% | 18.54% | 9.25 | 0.0002% | +192.72% | 4.02% | +27.80 | #3782 | | FY 2022-23 | 10.31 | 0.0003% | −72.17% | 3.98% | 17.86 | 0.0003% | +93.08% | 8.17% | −7.55 | #5602 | | FY 2023-24 | 5.59 | 0.0002% | −45.78% | 2.66% | 9.50 | 0.0002% | −46.81% | 4.48% | −3.91 | #6452 | | FY 2024-25 | 6.08 | 0.0002% | +8.77% | 3.76% | 1.34 | 0.0000% | −85.89% | 0.58% | +4.74 | #6386 | - CAGR (7-year): exports -17.90%/yr, imports 13.71%/yr (consistently Surplus) ## Key trade insights: HSN Code 58043000 export-import analysis ### Export decline: -17.90% CAGR over 7 years India's exports under HSN Code 58043000 have declined at a compound annual rate of -17.90% over 7 fiscal years, falling from ₹19.85 Crore in FY 2018-19 to ₹6.08 Crore in FY 2024-25. ### HSN Code 58043000 ranked #6386 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 58043000 ranks #6386 out of 12657 HSN codes by total export value. Within Sub-Chapter 5804, it ranks #4 of 6. By trade surplus, it ranks #3747 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 58043000 exports The strongest single-year export movement for HSN Code 58043000 was recorded in FY 2019-20, when exports surged by 507.66% over the prior year. ### India maintains a trade surplus of ₹4.74 Crore in HSN Code 58043000 goods In FY 2024-25, India's exports of ₹6.08 Cr exceeded imports of ₹1.34 Cr, resulting in a trade surplus of ₹4.74 Crore — ranking #3747 of 12657 by surplus magnitude. ### Import growth of 13.71% CAGR signals rising demand for Hand-Made Lace India's imports under HSN Code 58043000 have grown at 13.71% CAGR, reaching ₹1.34 Crore in FY 2024-25. ### HSN Code 58043000 contributes 3.76% of Sub-Chapter 5804 exports — ranked #4 Among the 6 HSN codes under Sub-Chapter 5804, HSN Code 58043000 ranks #4 by export value — accounting for 3.76% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.58% share (rank #6). ## 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 (this hsn code) | ₹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 |