HSN Code 74032210: Phosphor bronze

HSN Code 74032210 represents Phosphor bronze under GST classification. This code helps businesses identify Phosphor bronze correctly for billing, taxation, and trade. With HSN Code 74032210, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Phosphor bronze.

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Description of Goods for HSN Code 74032210

HSN Code 74032210 relates to the following description.

Description of Goods

Copper alloys : Copper-tin base alloys (bronze) : Phosphor bronze

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 74032210 not include?

Phosphor bronze 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 74032210 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

₹28 Cr

−39.09% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

+32.74% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹26 Cr

Trade Surplus

Surplus rank #2637 of 12657 HSN codes

% of Sub-Chapter 7403

FY 2024-25

0.82%

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

Import side: 0.01% of Sub-Chapter 7403’s imports

Rank Within Sub-Chapter 7403

FY 2024-25

#6 of 10

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

Import-side rank: #7 of 10

At a glance

82.43%

Export CAGR

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

#4409

National Export Rank

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

+806.49%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.82%

Contribution to Sub-Ch. 7403

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

India Export-Import Trade Statistics for HSN Code 74032210

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 #7848

Balance

−0.44

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 7403

Imports

1.21 ₹ Cr

0.0000% share

— YoY

0.03% of Sub-Ch. 7403

FY 2019-20 Exp. Rank #5451

Balance

+6.29

Exports

6.98 ₹ Cr

0.0003% share

+806.49% YoY

0.38% of Sub-Ch. 7403

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−42.98% YoY

0.01% of Sub-Ch. 7403

FY 2020-21 Exp. Rank #4271

Balance

+17.70

Exports

18.79 ₹ Cr

0.0009% share

+169.20% YoY

0.34% of Sub-Ch. 7403

Imports

1.09 ₹ Cr

0.0000% share

+57.97% YoY

0.01% of Sub-Ch. 7403

FY 2021-22 Exp. Rank #3524

Balance

+43.07

Exports

44.25 ₹ Cr

0.0014% share

+135.50% YoY

0.50% of Sub-Ch. 7403

Imports

1.18 ₹ Cr

0.0000% share

+8.26% YoY

0.01% of Sub-Ch. 7403

FY 2022-23 Exp. Rank #3028

Balance

+68.48

Exports

70.53 ₹ Cr

0.0019% share

+59.39% YoY

2.01% of Sub-Ch. 7403

Imports

2.05 ₹ Cr

0.0000% share

+73.73% YoY

0.02% of Sub-Ch. 7403

FY 2023-24 Exp. Rank #3638

Balance

+44.91

Exports

46.59 ₹ Cr

0.0013% share

−33.94% YoY

1.33% of Sub-Ch. 7403

Imports

1.68 ₹ Cr

0.0000% share

−18.05% YoY

0.01% of Sub-Ch. 7403

FY 2024-25 Exp. Rank #4409

Balance

+26.15

Exports

28.38 ₹ Cr

0.0008% share

−39.09% YoY

0.82% of Sub-Ch. 7403

Imports

2.23 ₹ Cr

0.0000% share

+32.74% YoY

0.01% of Sub-Ch. 7403

CAGR · 7-Year

Exports

82.43% /yr

Imports

10.73% /yr

Consistently Surplus
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 74032210 Export-Import Analysis

Consistent Export Growth: 82.43% CAGR Over 7 Years

India's exports under HSN Code 74032210 have grown at a compound annual rate of 82.43% over 7 fiscal years, rising from ₹0.77 Crore in FY 2018-19 to ₹28.38 Crore in FY 2024-25.

HSN Code 74032210 Ranked #4409 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 74032210 ranks #4409 out of 12657 HSN codes by total export value. Within Sub-Chapter 7403, it ranks #6 of 10. By trade surplus, it ranks #2637 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 74032210 Exports

The strongest single-year export movement for HSN Code 74032210 was recorded in FY 2019-20, when exports surged by 806.49% over the prior year.

India Maintains a Trade Surplus of ₹26.15 Crore in HSN Code 74032210 Goods

In FY 2024-25, India's exports of ₹28.38 Cr exceeded imports of ₹2.23 Cr, resulting in a trade surplus of ₹26.15 Crore — ranking #2637 of 12657 by surplus magnitude.

Import Growth of 10.73% CAGR Signals Rising Demand for Phosphor bronze

India's imports under HSN Code 74032210 have grown at 10.73% CAGR, reaching ₹2.23 Crore in FY 2024-25.

HSN Code 74032210 Contributes 0.82% of Sub-Chapter 7403 Exports — Ranked #6

Among the 10 HSN codes under Sub-Chapter 7403, HSN Code 74032210 ranks #6 by export value — accounting for 0.82% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 74032210 and GST compliance.

What products are classified under HSN 74032210 ?

It includes Empty/Discharged Copper Cartridges

Any common misclassification issue with Phosphor bronze?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade 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.

Does packaging or labelling change the GST for Phosphor bronze?

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 Phosphor bronze?

Under HSN 74032210, Phosphor bronze attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Phosphor bronze is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Phosphor bronze; Nil for exempt items if applicable).

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.