What products are classified under HSN 74031300 ?
It includes Phosphor bronze
HSN Code 74031300 represents Refined Copper | Billets under GST classification. This code helps businesses identify Refined Copper | Billets correctly for billing, taxation, and trade. With HSN Code 74031300, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Refined Copper | Billets.
HSN Code 74031300 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 74 | Copper and articles thereof | 7403 | Refined copper and copper alloys, unwrought | Refined copper : Billets | 9% | 9% | 18% | 0% |
| 74 | Copper and articles thereof | 7403 | Refined copper and copper alloys, unwrought | Refined copper : Billets | 9% | 9% | 18% | 0% |
Refined Copper | Billets does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Refined copper : Cathodes and sections of cathodes | |
| Refined copper : Cathodes and sections of cathodes | |
| Refined copper : Wire-bars | |
| Refined copper : Wire-bars | |
| Refined copper : Other | |
| Refined copper : Other | |
| Copper alloys : Copper-zinc base alloys (brass) | |
| Copper alloys : Copper-zinc base alloys (brass) | |
| Copper alloys : Copper-tin base alloys (bronze) : Phosphor bronze | |
| Copper alloys : Copper-tin base alloys (bronze) : Phosphor bronze | |
| Copper alloys : Copper-tin base alloys (bronze) : Other | |
| Copper alloys : Copper-tin base alloys (bronze) : Other | |
| 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) | |
| 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) | |
| Copper alloys : Other copper alloys (other than master alloys of heading 7405) | |
| Copper alloys : Other copper alloys (other than master alloys of heading 7405) |
Refined copper : Cathodes and sections of cathodes
Refined copper : Cathodes and sections of cathodes
Refined copper : Wire-bars
Refined copper : Wire-bars
Refined copper : Other
Refined copper : Other
Copper alloys : Copper-zinc base alloys (brass)
Copper alloys : Copper-zinc base alloys (brass)
Copper alloys : Copper-tin base alloys (bronze) : Phosphor bronze
Copper alloys : Copper-tin base alloys (bronze) : Phosphor bronze
Copper alloys : Copper-tin base alloys (bronze) : Other
Copper alloys : Copper-tin base alloys (bronze) : Other
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)
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)
Copper alloys : Other copper alloys (other than master alloys of heading 7405)
Copper alloys : Other copper alloys (other than master alloys of heading 7405)
It includes Phosphor bronze
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Under HSN 74031300, Refined Copper / Billets attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Refined Copper / Billets; Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.