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HSN Code 74031300: Refined Copper Billets

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 or export of Refined Copper Billets.

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Description of Goods for HSN Code 74031300

HSN Code 74031300 relates to the following description.

Description of Goods

Refined copper : Billets

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 74031300 not include?

Refined Copper Billets 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)

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India’s Trade Performance — HSN Code 74031300 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹1,668 Cr

+89.10% vs FY 2024-25

0.0428% of India’s total exports

India’s Imports

FY 2025-26

₹233 Cr

+65.75% vs FY 2024-25

0.0034% of India’s total imports

Trade Balance

FY 2025-26

₹1,435 Cr

Trade Surplus

Surplus rank #280 of 12872 HSN codes

% of Sub-Chapter 7403

FY 2025-26

18.21%

Share of Sub-Chapter 7403’s total exports in FY 2025-26

Import side: 0.96% of Sub-Chapter 7403’s imports

Rank Within Sub-Chapter 7403

FY 2025-26

#2 of 10

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

Import-side rank: #2 of 10

At a glance

95.71%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#363

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+2,614.44%

Peak Growth Year

FY 2019-20 · strongest single-year move

18.21%

Contribution to Sub-Ch. 7403

Share of Sub-Chapter 7403 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 74031300

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #4455

Balance

−54.20

Exports

15.17 ₹ Cr

0.0007% share

— YoY

0.69% of Sub-Ch. 7403

Imports

69.37 ₹ Cr

0.0019% share

— YoY

1.57% of Sub-Ch. 7403

FY 2019-20 Exp. Rank #770

Balance

+332.80

Exports

411.78 ₹ Cr

0.0187% share

+2,614.44% YoY

22.41% of Sub-Ch. 7403

Imports

78.98 ₹ Cr

0.0024% share

+13.85% YoY

1.15% of Sub-Ch. 7403

FY 2020-21 Exp. Rank #170

Balance

+1,873.76

Exports

1,937.93 ₹ Cr

0.0901% share

+370.62% YoY

35.05% of Sub-Ch. 7403

Imports

64.17 ₹ Cr

0.0022% share

−18.75% YoY

0.81% of Sub-Ch. 7403

FY 2021-22 Exp. Rank #257

Balance

+1,762.53

Exports

1,875.89 ₹ Cr

0.0598% share

−3.20% YoY

21.06% of Sub-Ch. 7403

Imports

113.36 ₹ Cr

0.0025% share

+76.66% YoY

1.25% of Sub-Ch. 7403

FY 2022-23 Exp. Rank #468

Balance

+924.37

Exports

1,081.80 ₹ Cr

0.0299% share

−42.33% YoY

30.85% of Sub-Ch. 7403

Imports

157.43 ₹ Cr

0.0027% share

+38.88% YoY

1.34% of Sub-Ch. 7403

FY 2023-24 Exp. Rank #809

Balance

+417.59

Exports

603.75 ₹ Cr

0.0167% share

−44.19% YoY

17.27% of Sub-Ch. 7403

Imports

186.16 ₹ Cr

0.0033% share

+18.25% YoY

0.73% of Sub-Ch. 7403

FY 2024-25 Exp. Rank #583

Balance

+741.38

Exports

882.25 ₹ Cr

0.0240% share

+46.13% YoY

25.62% of Sub-Ch. 7403

Imports

140.87 ₹ Cr

0.0023% share

−24.33% YoY

0.70% of Sub-Ch. 7403

FY 2025-26 Exp. Rank #363

Balance

+1,434.86

Exports

1,668.35 ₹ Cr

0.0428% share

+89.10% YoY

18.21% of Sub-Ch. 7403

Imports

233.49 ₹ Cr

0.0034% share

+65.75% YoY

0.96% of Sub-Ch. 7403

CAGR · 8-Year

Exports

95.71% /yr

Imports

18.93% /yr

Consistently Surplus
Sub-Chapter 7403 total

reference, FY 2025-26

Export

₹9,160.83 Cr

Import

₹24,406.11 Cr

Trade Balance

−15,245.28

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

Key Trade Insights: HSN Code 74031300 Export-Import Analysis

Consistent Export Growth: 95.71% CAGR Over 8 Years

India's exports under HSN Code 74031300 have grown at a compound annual rate of 95.71% over 8 fiscal years, rising from ₹15.17 Crore in FY 2018-19 to ₹1,668.35 Crore in FY 2025-26.

HSN Code 74031300 Ranked #363 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 74031300 ranks #363 out of 12872 HSN codes by total export value. Within Sub-Chapter 7403, it ranks #2 of 10. By trade surplus, it ranks #280 of 12872.

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 ₹1,434.86 Crore in HSN Code 74031300 Goods

In FY 2025-26, India's exports of ₹1,668.35 Cr exceeded imports of ₹233.49 Cr, resulting in a trade surplus of ₹1,434.86 Crore — ranking #280 of 12872 by surplus magnitude.

Import Growth of 18.93% CAGR Signals Rising Demand for Refined Copper Billets

India's imports under HSN Code 74031300 have grown at 18.93% CAGR, reaching ₹233.49 Crore in FY 2025-26.

HSN Code 74031300 Contributes 18.21% 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 18.21% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.96% share (rank #2).

Frequently Asked Questions

Clear answers to common queries about HSN Code 74031300 and GST compliance.

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.

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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.