HSN Code 74031900: Refined Copper | Other

HSN Code 74031900 represents Refined Copper | Other under GST classification. This code helps businesses identify Refined Copper | Other correctly for billing, taxation, and trade. With HSN Code 74031900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Refined Copper | Other.

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Description of Goods for HSN Code 74031900

HSN Code 74031900 relates to the following description.

Description of Goods

Refined copper : Other

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 74031900 not include?

Refined Copper | Other 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 74031900 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

₹75 Cr

+37.36% vs FY 2023-24

0.0020% of India’s total exports

India’s Imports

FY 2024-25

₹706 Cr

+30.09% vs FY 2023-24

0.0116% of India’s total imports

Trade Balance

FY 2024-25

−₹631 Cr

Trade Deficit

Surplus rank #12020 of 12657 HSN codes

% of Sub-Chapter 7403

FY 2024-25

2.18%

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

Import side: 3.52% of Sub-Chapter 7403’s imports

Rank Within Sub-Chapter 7403

FY 2024-25

#5 of 10

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

Import-side rank: #2 of 10

At a glance

107.82%

Export CAGR

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

#3052

National Export Rank

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

+4,147.31%

Peak Growth Year

FY 2019-20 · strongest single-year move

2.18%

Contribution to Sub-Ch. 7403

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #7693

Balance

−306.87

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 7403

Imports

307.80 ₹ Cr

0.0086% share

— YoY

6.96% of Sub-Ch. 7403

FY 2019-20 Exp. Rank #3233

Balance

−298.96

Exports

39.50 ₹ Cr

0.0018% share

+4,147.31% YoY

2.15% of Sub-Ch. 7403

Imports

338.46 ₹ Cr

0.0101% share

+9.96% YoY

4.93% of Sub-Ch. 7403

FY 2020-21 Exp. Rank #1901

Balance

−56.72

Exports

118.45 ₹ Cr

0.0055% share

+199.87% YoY

2.14% of Sub-Ch. 7403

Imports

175.17 ₹ Cr

0.0060% share

−48.25% YoY

2.21% of Sub-Ch. 7403

FY 2021-22 Exp. Rank #1222

Balance

+129.24

Exports

326.34 ₹ Cr

0.0104% share

+175.51% YoY

3.66% of Sub-Ch. 7403

Imports

197.10 ₹ Cr

0.0043% share

+12.52% YoY

2.17% of Sub-Ch. 7403

FY 2022-23 Exp. Rank #1494

Balance

+38.28

Exports

251.45 ₹ Cr

0.0069% share

−22.95% YoY

7.17% of Sub-Ch. 7403

Imports

213.17 ₹ Cr

0.0037% share

+8.15% YoY

1.82% of Sub-Ch. 7403

FY 2023-24 Exp. Rank #3396

Balance

−487.77

Exports

54.55 ₹ Cr

0.0015% share

−78.31% YoY

1.56% of Sub-Ch. 7403

Imports

542.32 ₹ Cr

0.0097% share

+154.41% YoY

2.14% of Sub-Ch. 7403

FY 2024-25 Exp. Rank #3052

Balance

−630.60

Exports

74.93 ₹ Cr

0.0020% share

+37.36% YoY

2.18% of Sub-Ch. 7403

Imports

705.53 ₹ Cr

0.0116% share

+30.09% YoY

3.52% of Sub-Ch. 7403

CAGR · 7-Year

Exports

107.82% /yr

Imports

14.83% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 74031900 and GST compliance.

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.

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.