HSN Code 74031200: Refined copper : Wire-bars

HSN Code 74031200 represents Refined copper : Wire-bars under GST classification. This code helps businesses identify Refined copper : Wire-bars correctly for billing, taxation, and trade. With HSN Code 74031200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Refined copper : Wire-bars.

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Description of Goods for HSN Code 74031200

HSN Code 74031200 relates to the following description.

Description of Goods

Refined copper : Wire-bars

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 74031200 not include?

Refined copper : Wire-bars 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 74031200 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

−46.15% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+220.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7525 of 12657 HSN codes

% of Sub-Chapter 7403

FY 2024-25

0.00%

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

Import side: 0.00% of Sub-Chapter 7403’s imports

Rank Within Sub-Chapter 7403

FY 2024-25

#8 of 10

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

Import-side rank: #8 of 10

At a glance

−45.00%

Export CAGR

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

#9908

National Export Rank

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

+1,260.75%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Sub-Ch. 7403

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6684

Balance

−0.55

Exports

2.53 ₹ Cr

0.0001% share

— YoY

0.12% of Sub-Ch. 7403

Imports

3.08 ₹ Cr

0.0001% share

— YoY

0.07% of Sub-Ch. 7403

FY 2019-20 Exp. Rank #7542

Balance

−3.10

Exports

1.07 ₹ Cr

0.0000% share

−57.71% YoY

0.06% of Sub-Ch. 7403

Imports

4.17 ₹ Cr

0.0001% share

+35.39% YoY

0.06% of Sub-Ch. 7403

FY 2020-21 Exp. Rank #4616

Balance

+14.53

Exports

14.56 ₹ Cr

0.0007% share

+1,260.75% YoY

0.26% of Sub-Ch. 7403

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−99.28% YoY

0.00% of Sub-Ch. 7403

FY 2021-22 Exp. Rank #6468

Balance

+3.91

Exports

4.55 ₹ Cr

0.0001% share

−68.75% YoY

0.05% of Sub-Ch. 7403

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+2,033.33% YoY

0.01% of Sub-Ch. 7403

FY 2022-23 Exp. Rank #10152

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.56% YoY

0.00% of Sub-Ch. 7403

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 7403

FY 2023-24 Exp. Rank #9670

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+550.00% YoY

0.00% of Sub-Ch. 7403

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 7403

FY 2024-25 Exp. Rank #9908

Balance

−0.25

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−46.15% YoY

0.00% of Sub-Ch. 7403

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+220.00% YoY

0.00% of Sub-Ch. 7403

CAGR · 7-Year

Exports

−45.00% /yr

Imports

−31.44% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 74031200 and GST compliance.

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.

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.