HSN Code 74020090: Unrefined copper, copper anodes

HSN Code 74020090 represents Unrefined copper, copper anodes under GST classification. This code helps businesses identify Unrefined copper, copper anodes correctly for billing, taxation, and trade. With HSN Code 74020090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Unrefined copper, copper anodes.

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Description of Goods for HSN Code 74020090

HSN Code 74020090 relates to the following description.

Description of Goods

Unrefined copper; copper anodes for electrolytic refining : Other

Chapter

74 - Copper and articles thereof

Sub Chapter

7402 - Unrefined copper; copper anodes for electrolytic refining

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 74020090 not include?

Unrefined copper, copper anodes does not include products with the following descriptions.

India’s Trade Performance — HSN Code 74020090 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

< ₹1 Crore

−13.04% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹13,089 Cr

−14.01% vs FY 2023-24

0.2154% of India’s total imports

Trade Balance

FY 2024-25

−₹13,089 Cr

Trade Deficit

Surplus rank #12616 of 12657 HSN codes

% of Sub-Chapter 7402

FY 2024-25

100.00%

Share of Sub-Chapter 7402’s total exports in FY 2024-25

Import side: 62.40% of Sub-Chapter 7402’s imports

Rank Within Sub-Chapter 7402

FY 2024-25

#1 of 2

Position by export value among HSN codes in Sub-Chapter 7402

Import-side rank: #1 of 2

At a glance

2.25%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#9000

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+887.50%

Peak Growth Year

FY 2020-21 · strongest single-year move

100.00%

Contribution to Sub-Ch. 7402

Share of Sub-Chapter 7402 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 74020090

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #8437

Balance

−3,839.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 7402

Imports

3,839.77 ₹ Cr

0.1071% share

— YoY

65.02% of Sub-Ch. 7402

FY 2019-20 Exp. Rank #8530

Balance

−1,344.60

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−8.57% YoY

100.00% of Sub-Ch. 7402

Imports

1,344.92 ₹ Cr

0.0402% share

−64.97% YoY

22.86% of Sub-Ch. 7402

FY 2020-21 Exp. Rank #6501

Balance

−4,050.25

Exports

3.16 ₹ Cr

0.0001% share

+887.50% YoY

6.04% of Sub-Ch. 7402

Imports

4,053.41 ₹ Cr

0.1391% share

+201.39% YoY

50.37% of Sub-Ch. 7402

FY 2021-22 Exp. Rank #7722

Balance

−6,858.75

Exports

1.34 ₹ Cr

0.0000% share

−57.59% YoY

0.37% of Sub-Ch. 7402

Imports

6,860.09 ₹ Cr

0.1501% share

+69.24% YoY

47.59% of Sub-Ch. 7402

FY 2022-23 Exp. Rank #9067

Balance

−10,898.48

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−78.36% YoY

100.00% of Sub-Ch. 7402

Imports

10,898.77 ₹ Cr

0.1896% share

+58.87% YoY

66.21% of Sub-Ch. 7402

FY 2023-24 Exp. Rank #8860

Balance

−15,222.23

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+58.62% YoY

100.00% of Sub-Ch. 7402

Imports

15,222.69 ₹ Cr

0.2711% share

+39.67% YoY

99.77% of Sub-Ch. 7402

FY 2024-25 Exp. Rank #9000

Balance

−13,089.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−13.04% YoY

100.00% of Sub-Ch. 7402

Imports

13,089.42 ₹ Cr

0.2154% share

−14.01% YoY

62.40% of Sub-Ch. 7402

CAGR · 7-Year

Exports

2.25% /yr

Imports

22.68% /yr

Consistently Deficit
Sub-Chapter 7402 total

reference, FY 2024-25

Export

₹0.40 Cr

Import

₹20,975.66 Cr

Trade Balance

−20,975.26

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 74020090 Export-Import Analysis

Consistent Export Growth: 2.25% CAGR Over 7 Years

India's exports under HSN Code 74020090 have grown at a compound annual rate of 2.25% over 7 fiscal years, rising from ₹0.35 Crore in FY 2018-19 to ₹0.40 Crore in FY 2024-25.

HSN Code 74020090 Ranked #9000 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 74020090 ranks #9000 out of 12657 HSN codes by total export value. Within Sub-Chapter 7402, it ranks #1 of 2. By trade surplus, it ranks #12616 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 74020090 Exports

The strongest single-year export movement for HSN Code 74020090 was recorded in FY 2020-21, when exports surged by 887.50% over the prior year.

India Records a Trade Deficit of ₹13,089.02 Crore in HSN Code 74020090 Goods

In FY 2024-25, India's imports of ₹13,089.42 Cr exceeded exports of ₹0.40 Cr, resulting in a trade deficit of ₹13,089.02 Crore — ranking #12616 of 12657 by surplus magnitude.

Import Growth of 22.68% CAGR Signals Rising Demand for Unrefined copper, copper anodes

India's imports under HSN Code 74020090 have grown at 22.68% CAGR, reaching ₹13,089.42 Crore in FY 2024-25.

HSN Code 74020090 Contributes 100.00% of Sub-Chapter 7402 Exports — Ranked #1

Among the 2 HSN codes under Sub-Chapter 7402, HSN Code 74020090 ranks #1 by export value — accounting for 100.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 62.40% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 74020090 and GST compliance.

What products are classified under HSN 74020090 ?

It includes Refined Copper | Billets

How much GST applies to Unrefined copper, copper anodes?

Under HSN 74020090, Unrefined copper, copper anodes attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Unrefined copper, copper anodes is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Unrefined copper, copper anodes; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Unrefined copper, copper anodes?

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 Unrefined copper, copper anodes?

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.

Can we claim ITC on inputs used to trade Unrefined copper, copper anodes?

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 Unrefined copper, copper anodes?

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

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.