--- title: "HSN Code for Refined copper : Wire-bars | HSN 74031200 GST Rate" description: "Find HSN and GST Rates for 74031200 related to Refined copper : Wire-bars with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-74031200/" --- # HSN Code 74031200: Refined copper : Wire-bars - [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/) - [Chapter 74: Copper & Similar Articles](https://busy.in/hsn/chapter-74/) - [Sub-chapter 7403: Refined Copper](https://busy.in/hsn/sub-chapter-7403/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Refined copper : Wire-bars | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 74031200 ? It includes Copper alloys : Copper-zinc base alloys (brass) ### How should mixed supplies be billed when Refined copper : Wire-bars is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Refined copper : Wire-bars; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Refined copper : Wire-bars? 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 Refined copper : Wire-bars? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Refined copper : Wire-bars? 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. ### How much GST applies to Refined copper : Wire-bars? Under HSN 74031200, Refined copper : Wire-bars attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 74031200 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−46.15% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (+220.00% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7525 of 12657 HSN codes - Share of Sub-Chapter 7403: 0.00% of its exports; import side 0.00% - Rank within Sub-Chapter 7403: #8 of 10 by export value; import-side #8 ### Key metrics - Export CAGR: -45.00% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9908 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,260.75% in FY 2020-21 - Contribution to Sub-Ch. 7403: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 74031200 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. 7403 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7403 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2.53 | 0.0001% | — | 0.12% | 3.08 | 0.0001% | — | 0.07% | −0.55 | #6684 | | FY 2019-20 | 1.07 | 0.0000% | −57.71% | 0.06% | 4.17 | 0.0001% | +35.39% | 0.06% | −3.10 | #7542 | | FY 2020-21 | 14.56 | 0.0007% | +1,260.75% | 0.26% | < ₹1 Crore | 0.0000% | −99.28% | 0.00% | +14.53 | #4616 | | FY 2021-22 | 4.55 | 0.0001% | −68.75% | 0.05% | < ₹1 Crore | 0.0000% | +2,033.33% | 0.01% | +3.91 | #6468 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −99.56% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | +0.02 | #10152 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +550.00% | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.03 | #9670 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −46.15% | 0.00% | < ₹1 Crore | 0.0000% | +220.00% | 0.00% | −0.25 | #9908 | - CAGR (7-year): exports -45.00%/yr, imports -31.44%/yr (consistently Deficit) ## Key trade insights: HSN Code 74031200 export-import analysis ### Export decline: -45.00% CAGR over 7 years India's exports under HSN Code 74031200 have declined at a compound annual rate of -45.00% over 7 fiscal years, falling from ₹2.53 Crore in FY 2018-19 to ₹0.07 Crore in FY 2024-25. ### HSN Code 74031200 ranked #9908 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 74031200 ranks #9908 out of 12657 HSN codes by total export value. Within Sub-Chapter 7403, it ranks #8 of 10. By trade surplus, it ranks #7525 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 74031200 exports The strongest single-year export movement for HSN Code 74031200 was recorded in FY 2020-21, when exports surged by 1,260.75% over the prior year. ### India records a trade deficit of ₹0.25 Crore in HSN Code 74031200 goods In FY 2024-25, India's imports of ₹0.32 Cr exceeded exports of ₹0.07 Cr, resulting in a trade deficit of ₹0.25 Crore — ranking #7525 of 12657 by surplus magnitude. ### Import growth of -31.44% CAGR signals stable import dependency for Refined copper : Wire-bars India's imports under HSN Code 74031200 have grown at -31.44% CAGR, reaching ₹0.32 Crore in FY 2024-25. ### HSN Code 74031200 contributes 0.00% of Sub-Chapter 7403 exports — ranked #8 Among the 10 HSN codes under Sub-Chapter 7403, HSN Code 74031200 ranks #8 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #8). ## Related HSN Codes in Sub-Chapter 7403 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 74031100: Copper cathodes](https://busy.in/hsn/hsn-74031100/) | ₹1,400 Cr | | #2 | [HSN Code 74031300: Refined Copper \| Billets](https://busy.in/hsn/hsn-74031300/) | ₹882 Cr | | #3 | [HSN Code 74032100: Copper alloys : Copper-zinc base alloys (brass)](https://busy.in/hsn/hsn-74032100/) | ₹554 Cr | | #4 | [HSN Code 74032900: Other Copper Alloys](https://busy.in/hsn/hsn-74032900/) | ₹482 Cr | | #5 | [HSN Code 74031900: Refined Copper \| Other](https://busy.in/hsn/hsn-74031900/) | ₹75 Cr | | #6 | [HSN Code 74032210: Phosphor bronze](https://busy.in/hsn/hsn-74032210/) | ₹28 Cr | | #7 | [HSN Code 74032290: Copper-tin base alloys](https://busy.in/hsn/hsn-74032290/) | ₹22 Cr | | #8 | HSN Code 74031200: Refined copper : Wire-bars (this hsn code) | < ₹1 Crore | | — | [HSN Code 74032310: Copper-Nickel-Zinc Base Alloys (Unwrought)](https://busy.in/hsn/hsn-74032310/) | — | | — | [HSN Code 74032320: Copper-Nickel Hollow Bars](https://busy.in/hsn/hsn-74032320/) | — |