HSN Code 74031100: Copper cathodes

HSN Code 74031100 represents Copper cathodes under GST classification. This code helps businesses identify Copper cathodes correctly for billing, taxation, and trade. With HSN Code 74031100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Copper cathodes.

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Description of Goods for HSN Code 74031100

HSN Code 74031100 relates to the following description.

Description of Goods

Refined copper : Cathodes and sections of cathodes

Chapter

74 - Copper and articles thereof

Sub Chapter

7403 - Refined copper and copper alloys, unwrought

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 74031100 not include?

Copper cathodes does not include products with the following descriptions.

HSN Code 74032310

Refined copper and copper alloys, unwrought - copper alloys : copper-nickel base alloys( cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : copper-nickel base alloys (cupro-nickel)

HSN Code 74032320

Refined copper and copper alloys, unwrought - copper alloys : copper-nickel base alloys( cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : copper-nickel-zinc base alloys(nickel silver)

HSN Code 74032900

Copper alloys : Other copper alloys (other than master alloys of heading 7405)

India’s Trade Performance — HSN Code 74031100 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

₹1,400 Cr

−27.37% vs FY 2023-24

0.0380% of India’s total exports

India’s Imports

FY 2024-25

₹19,134 Cr

−22.07% vs FY 2023-24

0.3149% of India’s total imports

Trade Balance

FY 2024-25

−₹17,734 Cr

Trade Deficit

Surplus rank #12624 of 12657 HSN codes

% of Sub-Chapter 7403

FY 2024-25

40.65%

Share of Sub-Chapter 7403’s total exports in FY 2024-25

Import side: 95.44% of Sub-Chapter 7403’s imports

Rank Within Sub-Chapter 7403

FY 2024-25

#1 of 10

Position by export value among HSN codes in Sub-Chapter 7403

Import-side rank: #1 of 10

At a glance

−6.60%

Export CAGR

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

#387

National Export Rank

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

+193.71%

Peak Growth Year

FY 2023-24 · strongest single-year move

40.65%

Contribution to Sub-Ch. 7403

Share of Sub-Chapter 7403 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 74031100

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 #146

Balance

−1,766.36

Exports

2,109.67 ₹ Cr

0.0923% share

— YoY

96.09% of Sub-Ch. 7403

Imports

3,876.03 ₹ Cr

0.1081% share

— YoY

87.68% of Sub-Ch. 7403

FY 2019-20 Exp. Rank #301

Balance

−5,233.91

Exports

1,073.39 ₹ Cr

0.0488% share

−49.12% YoY

58.43% of Sub-Ch. 7403

Imports

6,307.30 ₹ Cr

0.1884% share

+62.73% YoY

91.86% of Sub-Ch. 7403

FY 2020-21 Exp. Rank #149

Balance

−5,326.11

Exports

2,260.36 ₹ Cr

0.1051% share

+110.58% YoY

40.88% of Sub-Ch. 7403

Imports

7,586.47 ₹ Cr

0.2604% share

+20.28% YoY

95.75% of Sub-Ch. 7403

FY 2021-22 Exp. Rank #79

Balance

−3,297.80

Exports

5,356.72 ₹ Cr

0.1707% share

+136.99% YoY

60.13% of Sub-Ch. 7403

Imports

8,654.52 ₹ Cr

0.1894% share

+14.08% YoY

95.35% of Sub-Ch. 7403

FY 2022-23 Exp. Rank #732

Balance

−10,609.54

Exports

656.36 ₹ Cr

0.0181% share

−87.75% YoY

18.72% of Sub-Ch. 7403

Imports

11,265.90 ₹ Cr

0.1960% share

+30.17% YoY

96.24% of Sub-Ch. 7403

FY 2023-24 Exp. Rank #258

Balance

−22,624.54

Exports

1,927.80 ₹ Cr

0.0533% share

+193.71% YoY

55.14% of Sub-Ch. 7403

Imports

24,552.34 ₹ Cr

0.4372% share

+117.94% YoY

96.92% of Sub-Ch. 7403

FY 2024-25 Exp. Rank #387

Balance

−17,733.51

Exports

1,400.11 ₹ Cr

0.0380% share

−27.37% YoY

40.65% of Sub-Ch. 7403

Imports

19,133.62 ₹ Cr

0.3149% share

−22.07% YoY

95.44% of Sub-Ch. 7403

CAGR · 7-Year

Exports

−6.60% /yr

Imports

30.49% /yr

Consistently Deficit
Sub-Chapter 7403 total

reference, FY 2024-25

Export

₹3,443.98 Cr

Import

₹20,048.57 Cr

Trade Balance

−16,604.59

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

Key Trade Insights: HSN Code 74031100 Export-Import Analysis

Export Decline: −6.60% CAGR Over 7 Years

India's exports under HSN Code 74031100 have declined at a compound annual rate of −6.60% over 7 fiscal years, falling from ₹2,109.67 Crore in FY 2018-19 to ₹1,400.11 Crore in FY 2024-25.

HSN Code 74031100 Ranked #387 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 74031100 ranks #387 out of 12657 HSN codes by total export value. Within Sub-Chapter 7403, it ranks #1 of 10. By trade surplus, it ranks #12624 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 74031100 Exports

The strongest single-year export movement for HSN Code 74031100 was recorded in FY 2023-24, when exports surged by 193.71% over the prior year.

India Records a Trade Deficit of ₹17,733.51 Crore in HSN Code 74031100 Goods

In FY 2024-25, India's imports of ₹19,133.62 Cr exceeded exports of ₹1,400.11 Cr, resulting in a trade deficit of ₹17,733.51 Crore — ranking #12624 of 12657 by surplus magnitude.

Import Growth of 30.49% CAGR Signals Rising Demand for Copper cathodes

India's imports under HSN Code 74031100 have grown at 30.49% CAGR, reaching ₹19,133.62 Crore in FY 2024-25.

HSN Code 74031100 Contributes 40.65% of Sub-Chapter 7403 Exports — Ranked #1

Among the 10 HSN codes under Sub-Chapter 7403, HSN Code 74031100 ranks #1 by export value — accounting for 40.65% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 95.44% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 74031100 and GST compliance.

What products are classified under HSN 74031100 ?

It includes Refined Copper | Other

Does packaging or labelling change the GST for Copper cathodes?

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 Copper cathodes?

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 Copper cathodes?

Under HSN 74031100, Copper cathodes attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Copper cathodes?

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.

How should mixed supplies be billed when Copper cathodes is sold with other items?

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

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.