HSN Code 74040022: Copper Waste and Scrap

HSN Code 74040022 represents Copper Waste and Scrap under GST classification. This code helps businesses identify Copper Waste and Scrap correctly for billing, taxation, and trade. With HSN Code 74040022, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Copper Waste and Scrap.

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Description of Goods for HSN Code 74040022

HSN Code 74040022 relates to the following description.

Description of Goods

Copper waste and scrap: Of copper alloys : Brass scrap, namely the following : refinery brass scrap covered by ISRI code word Drink; composition of red brass scrap covered by ISRI code word Ebony; red brass composition turnings scrap covered by ISRI code word Enerv; genuine babbit-lined brass bushings scrap covered by ISRI code word Elder; machinery or hard brass solids scrap covered by ISRI code word Engel; machinery or hand brass solids scrap covered by ISRI code word Erin; cocks and faucets scrap covered by ISRI code word Grape; yellow brass scrap covered by ISRI code word Honey; yellow brass castings covered by ISRI code word Ivory; new brass clippings covered by ISRI code word Label; yellow brass primer covered by ISRI code word Lark; brass pipe covered by ISRI code word Melon; yellow brass rod turnings covered by ISRI code word Night;new yellow brass rod ends covered by ISRI code word Noble; yellow brass turnings covered by ISRI code word Nomad; mixed unsweated auto radiators covered by ISRI code word Ocean; a dmiralty brass condenser tubes covered by ISRI code word Pales; aluminium brass condenser tubes covered by ISRI code word Pallu; manganese bronze solids covered ISRI code word 'Parch''; High Grade – Low Lead Bronze/Brass Solids covered by ISRI cover word Éland''; High lead bronze solids and borings covered by ISRI code word 'Élias''; Clean fired 70/30 brass shell cases free of primers and any other foreign material covered by ISRI code word 'Lace''; Clean fired 70/30 brass shell cases containing the brass primers and containing no ther foreign material covered by ISRI code word 'Lady''; Clean fired 70/30 brass shells free of bullets, iron and any other foreign material covered by ISRI word ''Lake'; Clean muffled (popped)70/30 brass shells free of bullets, iron and any other foreign material covered by ISRI code word 'Lamb'

Chapter

74 - Copper and articles thereof

Sub Chapter

7404 - Copper waste and scrap

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 74040022 not include?

Copper Waste and Scrap does not include products with the following descriptions.

HSN Code 74040011

Copper waste and scrap: Of copper : Empty or discharged cartridges of all bores and sizes

HSN Code 74040012

Copper waste and scrap: Of copper : Copper scrap, namely the following : copper wire scrap covered by ISRI code words Barley, Berry and Birch; heavy copper scrap covered by ISRI code word Candy;unalloyed copper scrap covered by ISRI code word Cliff; copper wire nodules scrap covered by ISRI code words Clove, Cobra and Cocoa; light copper scrap covered by ISRI Code word Dream; muntz metal tubes covered by ISRI code word 'Palms'; Miscellaneous copper-containing skimming, grindings, ashes, irony brass and copper, residues and slags covered by ISRI code word 'Drove' Copper wire scrap with various types of insultation covered by ISRI code word 'Druid'

HSN Code 74040021

Copper waste and scrap: Of copper alloys : Empty or discharged cartridges of all bores and sizes

HSN Code 74040023

Copper waste and scrap: Of copper alloys : Nickel silver scrap namely the following: mixed new nickel silver clippings covered by ISRI code word ‘Maize’; new nickel silver clippings covered by ISRI code word ‘Major’; new segregated nickel silver clippings covered by ISRI code word ‘Malar’; old nickel silver clippings covered by ISRI code word ‘Malic’; nickel silver castings covered by ISRI code word ‘Naggy’; nickel silver turnings covered by ISRI code word ‘Niece’

HSN Code 74040024

Copper waste and scrap: Of copper alloys : Bronze scrap, including the following:manganese bronze solids covered ISRI code word ‘Parch’; High lead bronze solids and borings covered by ISRI code word ‘Elias’

HSN Code 74040025

Copper waste and scrap: Of copper alloys : Copper nickel scrap, including the following: new cupro nickel clips and solids covered by ISRI code word ‘Dandy’; cupro nickel solids covered by ISRI code word ‘Daunt’; soldered cupro-nickel solids covered by ISRI code word ‘Delta’; cupro nickel spinnings, turnings, borings covered by ISRI code word ‘Decoy’;

India’s Trade Performance — HSN Code 74040022 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

₹174 Cr

+7.91% vs FY 2023-24

0.0047% of India’s total exports

India’s Imports

FY 2024-25

₹7,424 Cr

+51.42% vs FY 2023-24

0.1222% of India’s total imports

Trade Balance

FY 2024-25

−₹7,250 Cr

Trade Deficit

Surplus rank #12581 of 12657 HSN codes

% of Sub-Chapter 7404

FY 2024-25

13.32%

Share of Sub-Chapter 7404’s total exports in FY 2024-25

Import side: 36.99% of Sub-Chapter 7404’s imports

Rank Within Sub-Chapter 7404

FY 2024-25

#3 of 9

Position by export value among HSN codes in Sub-Chapter 7404

Import-side rank: #2 of 9

At a glance

26.51%

Export CAGR

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

#1988

National Export Rank

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

+92.92%

Peak Growth Year

FY 2021-22 · strongest single-year move

13.32%

Contribution to Sub-Ch. 7404

Share of Sub-Chapter 7404 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 74040022

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 #3116

Balance

−4,035.57

Exports

42.47 ₹ Cr

0.0019% share

— YoY

17.09% of Sub-Ch. 7404

Imports

4,078.04 ₹ Cr

0.1138% share

— YoY

62.16% of Sub-Ch. 7404

FY 2019-20 Exp. Rank #3636

Balance

−3,874.99

Exports

29.02 ₹ Cr

0.0013% share

−31.67% YoY

9.39% of Sub-Ch. 7404

Imports

3,904.01 ₹ Cr

0.1166% share

−4.27% YoY

57.05% of Sub-Ch. 7404

FY 2020-21 Exp. Rank #3086

Balance

−3,963.95

Exports

45.04 ₹ Cr

0.0021% share

+55.20% YoY

12.91% of Sub-Ch. 7404

Imports

4,008.99 ₹ Cr

0.1376% share

+2.69% YoY

58.31% of Sub-Ch. 7404

FY 2021-22 Exp. Rank #2607

Balance

−6,395.09

Exports

86.89 ₹ Cr

0.0028% share

+92.92% YoY

9.33% of Sub-Ch. 7404

Imports

6,481.98 ₹ Cr

0.1418% share

+61.69% YoY

54.77% of Sub-Ch. 7404

FY 2022-23 Exp. Rank #2664

Balance

−6,508.38

Exports

90.97 ₹ Cr

0.0025% share

+4.70% YoY

10.00% of Sub-Ch. 7404

Imports

6,599.35 ₹ Cr

0.1148% share

+1.81% YoY

49.90% of Sub-Ch. 7404

FY 2023-24 Exp. Rank #2026

Balance

−4,741.26

Exports

161.39 ₹ Cr

0.0045% share

+77.41% YoY

16.72% of Sub-Ch. 7404

Imports

4,902.65 ₹ Cr

0.0873% share

−25.71% YoY

35.37% of Sub-Ch. 7404

FY 2024-25 Exp. Rank #1988

Balance

−7,249.62

Exports

174.15 ₹ Cr

0.0047% share

+7.91% YoY

13.32% of Sub-Ch. 7404

Imports

7,423.77 ₹ Cr

0.1222% share

+51.42% YoY

36.99% of Sub-Ch. 7404

CAGR · 7-Year

Exports

26.51% /yr

Imports

10.50% /yr

Consistently Deficit
Sub-Chapter 7404 total

reference, FY 2024-25

Export

₹1,307.15 Cr

Import

₹20,070.77 Cr

Trade Balance

−18,763.62

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

Key Trade Insights: HSN Code 74040022 Export-Import Analysis

Consistent Export Growth: 26.51% CAGR Over 7 Years

India's exports under HSN Code 74040022 have grown at a compound annual rate of 26.51% over 7 fiscal years, rising from ₹42.47 Crore in FY 2018-19 to ₹174.15 Crore in FY 2024-25.

HSN Code 74040022 Ranked #1988 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 74040022 ranks #1988 out of 12657 HSN codes by total export value. Within Sub-Chapter 7404, it ranks #3 of 9. By trade surplus, it ranks #12581 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 74040022 Exports

The strongest single-year export movement for HSN Code 74040022 was recorded in FY 2021-22, when exports surged by 92.92% over the prior year.

India Records a Trade Deficit of ₹7,249.62 Crore in HSN Code 74040022 Goods

In FY 2024-25, India's imports of ₹7,423.77 Cr exceeded exports of ₹174.15 Cr, resulting in a trade deficit of ₹7,249.62 Crore — ranking #12581 of 12657 by surplus magnitude.

Import Growth of 10.50% CAGR Signals Rising Demand for Copper Waste and Scrap

India's imports under HSN Code 74040022 have grown at 10.50% CAGR, reaching ₹7,423.77 Crore in FY 2024-25.

HSN Code 74040022 Contributes 13.32% of Sub-Chapter 7404 Exports — Ranked #3

Among the 9 HSN codes under Sub-Chapter 7404, HSN Code 74040022 ranks #3 by export value — accounting for 13.32% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 36.99% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 74040022 and GST compliance.

What products are classified under HSN 74040022 ?

It includes Copper Nickel Scrap (Dandy, Daunt, Delta, Decoy)

How should mixed supplies be billed when Copper Waste and Scrap is sold with other items?

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

Do e‑way bill and e‑invoice apply for Copper Waste and Scrap?

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 much GST applies to Copper Waste and Scrap?

Under HSN 74040022, Copper Waste and Scrap attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Copper Waste and Scrap?

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 Copper Waste and Scrap?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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.