--- title: "HSN Code for Electrolytic copper rods | HSN 74071010 GST Rate" description: "Find HSN and GST Rates for 74071010 related to Electrolytic copper rods with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-74071010/" --- # HSN Code 74071010: Electrolytic copper rods - [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 7407: Copper bars, rods & profiles](https://busy.in/hsn/sub-chapter-7407/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of refined copper : Electrolytic copper rods or black copper rods | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 74071010 ? It includes Refined copper: Hollow bars ### How much GST applies to Electrolytic copper rods? Under HSN 74071010, Electrolytic copper rods attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Electrolytic copper rods? 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 Electrolytic copper rods? 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. ### Do e‑way bill and e‑invoice apply for Electrolytic copper rods? 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 Electrolytic copper rods is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Electrolytic copper rods; Nil for exempt items if applicable). ### Any common misclassification issue with Electrolytic copper rods? 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 74071010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹59 Cr (+44.73% YoY) — 0.0016% of India's total exports - Imports: ₹297 Cr (+18.85% YoY) — 0.0049% of India's total imports - Trade balance: −₹237 Cr (Deficit); surplus rank #11436 of 12657 HSN codes - Share of Sub-Chapter 7407: 8.46% of its exports; import side 21.72% - Rank within Sub-Chapter 7407: #5 of 17 by export value; import-side #1 ### Key metrics - Export CAGR: 21.29% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3386 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +46.65% in FY 2021-22 - Contribution to Sub-Ch. 7407: 8.46% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 74071010 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. 7407 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 7407 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 18.64 | 0.0008% | — | 7.65% | 26.88 | 0.0007% | — | 2.32% | −8.24 | #4196 | | FY 2019-20 | 14.49 | 0.0007% | −22.26% | 6.79% | 19.75 | 0.0006% | −26.53% | 2.27% | −5.26 | #4541 | | FY 2020-21 | 21.03 | 0.0010% | +45.13% | 11.99% | 87.19 | 0.0030% | +341.47% | 10.38% | −66.16 | #4121 | | FY 2021-22 | 30.84 | 0.0010% | +46.65% | 9.35% | 63.62 | 0.0014% | −27.03% | 5.95% | −32.78 | #4014 | | FY 2022-23 | 45.20 | 0.0012% | +46.56% | 10.02% | 192.28 | 0.0033% | +202.23% | 15.69% | −147.08 | #3620 | | FY 2023-24 | 41.00 | 0.0011% | −9.29% | 9.85% | 249.54 | 0.0044% | +29.78% | 20.18% | −208.54 | #3803 | | FY 2024-25 | 59.34 | 0.0016% | +44.73% | 8.46% | 296.57 | 0.0049% | +18.85% | 21.72% | −237.23 | #3386 | - CAGR (7-year): exports 21.29%/yr, imports 49.20%/yr (consistently Deficit) ## Key trade insights: HSN Code 74071010 export-import analysis ### Consistent export growth: 21.29% CAGR over 7 years India's exports under HSN Code 74071010 have grown at a compound annual rate of 21.29% over 7 fiscal years, rising from ₹18.64 Crore in FY 2018-19 to ₹59.34 Crore in FY 2024-25. ### HSN Code 74071010 ranked #3386 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 74071010 ranks #3386 out of 12657 HSN codes by total export value. Within Sub-Chapter 7407, it ranks #5 of 17. By trade surplus, it ranks #11436 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 74071010 exports The strongest single-year export movement for HSN Code 74071010 was recorded in FY 2021-22, when exports surged by 46.65% over the prior year. ### India records a trade deficit of ₹237.23 Crore in HSN Code 74071010 goods In FY 2024-25, India's imports of ₹296.57 Cr exceeded exports of ₹59.34 Cr, resulting in a trade deficit of ₹237.23 Crore — ranking #11436 of 12657 by surplus magnitude. ### Import growth of 49.20% CAGR signals rising demand for Electrolytic copper rods India's imports under HSN Code 74071010 have grown at 49.20% CAGR, reaching ₹296.57 Crore in FY 2024-25. ### HSN Code 74071010 contributes 8.46% of Sub-Chapter 7407 exports — ranked #5 Among the 17 HSN codes under Sub-Chapter 7407, HSN Code 74071010 ranks #5 by export value — accounting for 8.46% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 21.72% share (rank #1). ## Related HSN Codes in Sub-Chapter 7407 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 74071030: Copper bars (excluding hollow bars)](https://busy.in/hsn/hsn-74071030/) | ₹284 Cr | | #2 | [HSN Code 74071020: Of refined copper : Other copper rods](https://busy.in/hsn/hsn-74071020/) | ₹91 Cr | | #3 | [HSN Code 74072110: Copper alloys: Copper-zinc alloys (brass) bars](https://busy.in/hsn/hsn-74072110/) | ₹91 Cr | | #4 | [HSN Code 74072910: Copper alloys: Rods](https://busy.in/hsn/hsn-74072910/) | ₹83 Cr | | #5 | HSN Code 74071010: Electrolytic copper rods (this hsn code) | ₹59 Cr | | #6 | [HSN Code 74072120: Copper alloys: Copper-zinc alloys (brass) rods](https://busy.in/hsn/hsn-74072120/) | ₹38 Cr | | #7 | [HSN Code 74071090: Of Refined Copper \| Other](https://busy.in/hsn/hsn-74071090/) | ₹20 Cr | | #8 | [HSN Code 74072990: Copper bars, rods and profiles: Of Copper Alloys \| Other](https://busy.in/hsn/hsn-74072990/) | ₹15 Cr | | #9 | [HSN Code 74072190: Copper alloys: Copper-zinc base alloys (brass)](https://busy.in/hsn/hsn-74072190/) | ₹14 Cr | | #10 | [HSN Code 74072130: Brass hollow bars](https://busy.in/hsn/hsn-74072130/) | ₹4 Cr |