--- title: "HSN Code for Refined Copper | Other | HSN 74031900 GST Rate" description: "Find HSN and GST Rates for 74031900 related to Refined Copper | Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-74031900/" --- # HSN Code 74031900: Refined Copper | Other - [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 : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 74031900 ? It includes Copper-tin base alloys ### How much GST applies to Refined Copper / Other? Under HSN 74031900, Refined Copper / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Refined Copper / Other? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Refined Copper / Other? 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 / Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Refined Copper / Other; Nil for exempt items if applicable). ### Any common misclassification issue with Refined Copper / Other? 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 74031900 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹75 Cr (+37.36% YoY) — 0.0020% of India's total exports - Imports: ₹706 Cr (+30.09% YoY) — 0.0116% of India's total imports - Trade balance: −₹631 Cr (Deficit); surplus rank #12020 of 12657 HSN codes - Share of Sub-Chapter 7403: 2.18% of its exports; import side 3.52% - Rank within Sub-Chapter 7403: #5 of 10 by export value; import-side #2 ### Key metrics - Export CAGR: 107.82% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3052 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +4,147.31% in FY 2019-20 - Contribution to Sub-Ch. 7403: 2.18% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 74031900 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 | < ₹1 Crore | 0.0000% | — | 0.04% | 307.80 | 0.0086% | — | 6.96% | −306.87 | #7693 | | FY 2019-20 | 39.50 | 0.0018% | +4,147.31% | 2.15% | 338.46 | 0.0101% | +9.96% | 4.93% | −298.96 | #3233 | | FY 2020-21 | 118.45 | 0.0055% | +199.87% | 2.14% | 175.17 | 0.0060% | −48.25% | 2.21% | −56.72 | #1901 | | FY 2021-22 | 326.34 | 0.0104% | +175.51% | 3.66% | 197.10 | 0.0043% | +12.52% | 2.17% | +129.24 | #1222 | | FY 2022-23 | 251.45 | 0.0069% | −22.95% | 7.17% | 213.17 | 0.0037% | +8.15% | 1.82% | +38.28 | #1494 | | FY 2023-24 | 54.55 | 0.0015% | −78.31% | 1.56% | 542.32 | 0.0097% | +154.41% | 2.14% | −487.77 | #3396 | | FY 2024-25 | 74.93 | 0.0020% | +37.36% | 2.18% | 705.53 | 0.0116% | +30.09% | 3.52% | −630.60 | #3052 | - CAGR (7-year): exports 107.82%/yr, imports 14.83%/yr (consistently Deficit) ## Key trade insights: HSN Code 74031900 export-import analysis ### Consistent export growth: 107.82% CAGR over 7 years India's exports under HSN Code 74031900 have grown at a compound annual rate of 107.82% over 7 fiscal years, rising from ₹0.93 Crore in FY 2018-19 to ₹74.93 Crore in FY 2024-25. ### HSN Code 74031900 ranked #3052 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 74031900 ranks #3052 out of 12657 HSN codes by total export value. Within Sub-Chapter 7403, it ranks #5 of 10. By trade surplus, it ranks #12020 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 74031900 exports The strongest single-year export movement for HSN Code 74031900 was recorded in FY 2019-20, when exports surged by 4,147.31% over the prior year. ### India records a trade deficit of ₹630.60 Crore in HSN Code 74031900 goods In FY 2024-25, India's imports of ₹705.53 Cr exceeded exports of ₹74.93 Cr, resulting in a trade deficit of ₹630.60 Crore — ranking #12020 of 12657 by surplus magnitude. ### Import growth of 14.83% CAGR signals rising demand for Refined Copper | Other India's imports under HSN Code 74031900 have grown at 14.83% CAGR, reaching ₹705.53 Crore in FY 2024-25. ### HSN Code 74031900 contributes 2.18% of Sub-Chapter 7403 exports — ranked #5 Among the 10 HSN codes under Sub-Chapter 7403, HSN Code 74031900 ranks #5 by export value — accounting for 2.18% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.52% share (rank #2). ## 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 (this hsn code) | ₹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/) | — |