--- title: "HSN Code for Refined Copper | Billets | HSN 74031300 GST Rate" description: "Find HSN and GST Rates for 74031300 related to Refined Copper | Billets with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-74031300/" --- # HSN Code 74031300: Refined Copper | Billets - [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 : Billets | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 74031300 ? It includes Phosphor bronze ### Can we claim ITC on inputs used to trade Refined Copper / Billets? 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 / Billets? 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 / Billets? Under HSN 74031300, Refined Copper / Billets attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Refined Copper / Billets? 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 Refined Copper / Billets is sold with other items? 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). ### Any common misclassification issue with Refined Copper / Billets? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 74031300 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹882 Cr (+46.13% YoY) — 0.0240% of India's total exports - Imports: ₹141 Cr (−24.33% YoY) — 0.0023% of India's total imports - Trade balance: ₹741 Cr (Surplus); surplus rank #451 of 12657 HSN codes - Share of Sub-Chapter 7403: 25.62% of its exports; import side 0.70% - Rank within Sub-Chapter 7403: #2 of 10 by export value; import-side #3 ### Key metrics - Export CAGR: 96.83% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #583 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,614.44% in FY 2019-20 - Contribution to Sub-Ch. 7403: 25.62% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 74031300 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 | 15.17 | 0.0007% | — | 0.69% | 69.37 | 0.0019% | — | 1.57% | −54.20 | #4455 | | FY 2019-20 | 411.78 | 0.0187% | +2,614.44% | 22.41% | 78.98 | 0.0024% | +13.85% | 1.15% | +332.80 | #770 | | FY 2020-21 | 1,937.93 | 0.0901% | +370.62% | 35.05% | 64.17 | 0.0022% | −18.75% | 0.81% | +1,873.76 | #170 | | FY 2021-22 | 1,875.89 | 0.0598% | −3.20% | 21.06% | 113.36 | 0.0025% | +76.66% | 1.25% | +1,762.53 | #257 | | FY 2022-23 | 1,081.80 | 0.0299% | −42.33% | 30.85% | 157.43 | 0.0027% | +38.88% | 1.34% | +924.37 | #468 | | FY 2023-24 | 603.75 | 0.0167% | −44.19% | 17.27% | 186.16 | 0.0033% | +18.25% | 0.73% | +417.59 | #809 | | FY 2024-25 | 882.25 | 0.0240% | +46.13% | 25.62% | 140.87 | 0.0023% | −24.33% | 0.70% | +741.38 | #583 | - CAGR (7-year): exports 96.83%/yr, imports 12.53%/yr (consistently Surplus) ## Key trade insights: HSN Code 74031300 export-import analysis ### Consistent export growth: 96.83% CAGR over 7 years India's exports under HSN Code 74031300 have grown at a compound annual rate of 96.83% over 7 fiscal years, rising from ₹15.17 Crore in FY 2018-19 to ₹882.25 Crore in FY 2024-25. ### HSN Code 74031300 ranked #583 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 74031300 ranks #583 out of 12657 HSN codes by total export value. Within Sub-Chapter 7403, it ranks #2 of 10. By trade surplus, it ranks #451 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 74031300 exports The strongest single-year export movement for HSN Code 74031300 was recorded in FY 2019-20, when exports surged by 2,614.44% over the prior year. ### India maintains a trade surplus of ₹741.38 Crore in HSN Code 74031300 goods In FY 2024-25, India's exports of ₹882.25 Cr exceeded imports of ₹140.87 Cr, resulting in a trade surplus of ₹741.38 Crore — ranking #451 of 12657 by surplus magnitude. ### Import growth of 12.53% CAGR signals rising demand for Refined Copper | Billets India's imports under HSN Code 74031300 have grown at 12.53% CAGR, reaching ₹140.87 Crore in FY 2024-25. ### HSN Code 74031300 contributes 25.62% of Sub-Chapter 7403 exports — ranked #2 Among the 10 HSN codes under Sub-Chapter 7403, HSN Code 74031300 ranks #2 by export value — accounting for 25.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.70% share (rank #3). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-74031200/) | < ₹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/) | — |