--- title: "HSN Code for Rayon ribbons | HSN 58089040 GST Rate" description: "Find HSN and GST Rates for 58089040 related to Rayon ribbons with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-58089040/" --- # HSN Code 58089040: Rayon ribbons - [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 5808: Braids, Ornamental Trimmings, Tassels](https://busy.in/hsn/sub-chapter-5808/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Ribbons of rayon with ornamental trimmings | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 58089040 ? It includes Braids, trimmings, tassels, pompons, non-embroidered | Other ### How much GST applies to Rayon ribbons? Under HSN 58089040, Rayon ribbons attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Rayon ribbons? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Rayon ribbons is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Rayon ribbons; Nil for exempt items if applicable). ### Any common misclassification issue with Rayon ribbons? 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 Rayon ribbons? 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. ## India's trade performance: HSN Code 58089040 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−80.50% YoY) — 0.0000% of India's total exports - Imports: ₹2 Cr (−87.16% YoY) — 0.0000% of India's total imports - Trade balance: −₹1 Cr (Deficit); surplus rank #8027 of 12657 HSN codes - Share of Sub-Chapter 5808: 0.54% of its exports; import side 1.50% - Rank within Sub-Chapter 5808: #7 of 9 by export value; import-side #5 ### Key metrics - Export CAGR: -38.99% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8655 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +194.84% in FY 2019-20 - Contribution to Sub-Ch. 5808: 0.54% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 58089040 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. 5808 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5808 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 12.02 | 0.0005% | — | 12.61% | 21.42 | 0.0006% | — | 16.43% | −9.40 | #4774 | | FY 2019-20 | 35.44 | 0.0016% | +194.84% | 26.42% | 38.22 | 0.0011% | +78.43% | 25.96% | −2.78 | #3361 | | FY 2020-21 | 59.54 | 0.0028% | +68.00% | 35.81% | 51.07 | 0.0018% | +33.62% | 34.77% | +8.47 | #2678 | | FY 2021-22 | 82.47 | 0.0026% | +38.51% | 41.26% | 72.03 | 0.0016% | +41.04% | 31.48% | +10.44 | #2667 | | FY 2022-23 | 23.85 | 0.0007% | −71.08% | 17.62% | 37.37 | 0.0006% | −48.12% | 19.04% | −13.52 | #4464 | | FY 2023-24 | 3.18 | 0.0001% | −86.67% | 2.80% | 15.58 | 0.0003% | −58.31% | 10.58% | −12.40 | #7075 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −80.50% | 0.54% | 2.00 | 0.0000% | −87.16% | 1.50% | −1.38 | #8655 | - CAGR (7-year): exports -38.99%/yr, imports -32.65%/yr (consistently Deficit) ## Key trade insights: HSN Code 58089040 export-import analysis ### Export decline: -38.99% CAGR over 7 years India's exports under HSN Code 58089040 have declined at a compound annual rate of -38.99% over 7 fiscal years, falling from ₹12.02 Crore in FY 2018-19 to ₹0.62 Crore in FY 2024-25. ### HSN Code 58089040 ranked #8655 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 58089040 ranks #8655 out of 12657 HSN codes by total export value. Within Sub-Chapter 5808, it ranks #7 of 9. By trade surplus, it ranks #8027 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 58089040 exports The strongest single-year export movement for HSN Code 58089040 was recorded in FY 2019-20, when exports surged by 194.84% over the prior year. ### India records a trade deficit of ₹1.38 Crore in HSN Code 58089040 goods In FY 2024-25, India's imports of ₹2.00 Cr exceeded exports of ₹0.62 Cr, resulting in a trade deficit of ₹1.38 Crore — ranking #8027 of 12657 by surplus magnitude. ### Import growth of -32.65% CAGR signals stable import dependency for Rayon ribbons India's imports under HSN Code 58089040 have grown at -32.65% CAGR, reaching ₹2.00 Crore in FY 2024-25. ### HSN Code 58089040 contributes 0.54% of Sub-Chapter 5808 exports — ranked #7 Among the 9 HSN codes under Sub-Chapter 5808, HSN Code 58089040 ranks #7 by export value — accounting for 0.54% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.50% share (rank #5). ## Related HSN Codes in Sub-Chapter 5808 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 58081090: Other Braids (In the Piece)](https://busy.in/hsn/hsn-58081090/) | ₹51 Cr | | #2 | [HSN Code 58089090: Braids, trimmings, tassels, pompons, non-embroidered \| Other](https://busy.in/hsn/hsn-58089090/) | ₹37 Cr | | #3 | [HSN Code 58089010: Other \| Tapes, Ornamental Or Cotton](https://busy.in/hsn/hsn-58089010/) | ₹9 Cr | | #4 | [HSN Code 58081010: Cotton Braids (In the Piece)](https://busy.in/hsn/hsn-58081010/) | ₹7 Cr | | #5 | [HSN Code 58089050: Saree falls, borders: Cotton](https://busy.in/hsn/hsn-58089050/) | ₹7 Cr | | #6 | [HSN Code 58089020: Other \| Hair Band Of Narrow Fabrics](https://busy.in/hsn/hsn-58089020/) | ₹2 Cr | | #7 | HSN Code 58089040: Rayon ribbons (this hsn code) | < ₹1 Crore | | #8 | [HSN Code 58089030: Other \| Other Braids](https://busy.in/hsn/hsn-58089030/) | < ₹1 Crore | | #9 | [HSN Code 58089060: Dyed Woven Fabrics of Manmade Filaments: Other Types](https://busy.in/hsn/hsn-58089060/) | < ₹1 Crore |