HSN Code 58043000 represents Hand-Made Lace under GST classification. This code helps businesses identify Hand-Made Lace correctly for billing, taxation, and trade. With HSN Code 58043000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hand-Made Lace.
Manage correct HSN codes and GST rates with BUSY.
HSN Code 58043000 relates to the following description.
Description of Goods
Hand-made lace
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%
Hand-Made Lace 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
Mechanically made lace : Of other textile materials : Other
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹8 Cr
0.0002% of India’s total exports
India’s Imports
FY 2025-26< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2025-26₹7 Cr
Surplus rank #3604 of 12872 HSN codes
% of Sub-Chapter 5804
FY 2025-264.37%
Share of Sub-Chapter 5804’s total exports in FY 2025-26
Import side: 0.15% of Sub-Chapter 5804’s imports
Rank Within Sub-Chapter 5804
FY 2025-26#4 of 6
Position by export value among HSN codes in Sub-Chapter 5804
Import-side rank: #6 of 6
At a glance
−12.64%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#6276
National Export Rank
of 12872 HSN codes by export value, FY 2025-26
+507.66%
Peak Growth Year
FY 2019-20 · strongest single-year move
4.37%
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
+19.23
Exports
19.85 ₹ Cr
0.0009% share
— YoY
9.34% of Sub-Ch. 5804
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.19% of Sub-Ch. 5804
Balance
+119.91
Exports
120.62 ₹ Cr
0.0055% share
+507.66% YoY
32.77% of Sub-Ch. 5804
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+14.52% YoY
0.25% of Sub-Ch. 5804
Balance
+51.30
Exports
54.46 ₹ Cr
0.0025% share
−54.85% YoY
32.25% of Sub-Ch. 5804
Imports
3.16 ₹ Cr
0.0001% share
+345.07% YoY
2.11% of Sub-Ch. 5804
Balance
+27.80
Exports
37.05 ₹ Cr
0.0012% share
−31.97% YoY
18.54% of Sub-Ch. 5804
Imports
9.25 ₹ Cr
0.0002% share
+192.72% YoY
4.02% of Sub-Ch. 5804
Balance
−7.55
Exports
10.31 ₹ Cr
0.0003% share
−72.17% YoY
3.98% of Sub-Ch. 5804
Imports
17.86 ₹ Cr
0.0003% share
+93.08% YoY
8.17% of Sub-Ch. 5804
Balance
−3.91
Exports
5.59 ₹ Cr
0.0002% share
−45.78% YoY
2.66% of Sub-Ch. 5804
Imports
9.50 ₹ Cr
0.0002% share
−46.81% YoY
4.48% of Sub-Ch. 5804
Balance
+4.74
Exports
6.08 ₹ Cr
0.0002% share
+8.77% YoY
3.76% of Sub-Ch. 5804
Imports
1.34 ₹ Cr
0.0000% share
−85.89% YoY
0.58% of Sub-Ch. 5804
Balance
+7.30
Exports
7.71 ₹ Cr
0.0002% share
+26.81% YoY
4.37% of Sub-Ch. 5804
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−69.40% YoY
0.15% of Sub-Ch. 5804
CAGR · 8-Year
Exports
−12.64% /yr
Imports
−5.74% /yr
reference, FY 2025-26
Export
₹176.50 Cr
Import
₹265.62 Cr
Trade Balance
−89.12
India's exports under HSN Code 58043000 have declined at a compound annual rate of −12.64% over 8 fiscal years, falling from ₹19.85 Crore in FY 2018-19 to ₹7.71 Crore in FY 2025-26.
In FY 2025-26, HSN Code 58043000 ranks #6276 out of 12872 HSN codes by total export value. Within Sub-Chapter 5804, it ranks #4 of 6. By trade surplus, it ranks #3604 of 12872.
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.
In FY 2025-26, India's exports of ₹7.71 Cr exceeded imports of ₹0.41 Cr, resulting in a trade surplus of ₹7.30 Crore — ranking #3604 of 12872 by surplus magnitude.
India's imports under HSN Code 58043000 have grown at −5.74% CAGR, reaching ₹0.41 Crore in FY 2025-26.
Among the 6 HSN codes under Sub-Chapter 5804, HSN Code 58043000 ranks #4 by export value — accounting for 4.37% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.15% share (rank #6).
Clear answers to common queries about HSN Code 58043000 and GST compliance.
It includes Cotton Hand/Shopping Bags
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).
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.
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 58043000, Hand-Made Lace 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.
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.