HSN Code 74071010: Electrolytic copper rods

HSN Code 74071010 represents Electrolytic copper rods under GST classification. This code helps businesses identify Electrolytic copper rods correctly for billing, taxation, and trade. With HSN Code 74071010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Electrolytic copper rods.

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Description of Goods for HSN Code 74071010

HSN Code 74071010 relates to the following description.

Description of Goods

Of refined copper : Electrolytic copper rods or black copper rods

Chapter

74 - Copper and articles thereof

Sub Chapter

7407 - Copper bars, rods and profiles

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 74071010 not include?

Electrolytic copper rods does not include products with the following descriptions.

HSN Code 74072210

Copper bars, rods and profiles - of copper alloys : of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : hollow bars

HSN Code 74072220

Copper bars, rods and profiles - of copper alloys : of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : bars and rods

India’s Trade Performance — HSN Code 74071010 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

₹59 Cr

+44.73% vs FY 2023-24

0.0016% of India’s total exports

India’s Imports

FY 2024-25

₹297 Cr

+18.85% vs FY 2023-24

0.0049% of India’s total imports

Trade Balance

FY 2024-25

−₹237 Cr

Trade Deficit

Surplus rank #11436 of 12657 HSN codes

% of Sub-Chapter 7407

FY 2024-25

8.46%

Share of Sub-Chapter 7407’s total exports in FY 2024-25

Import side: 21.72% of Sub-Chapter 7407’s imports

Rank Within Sub-Chapter 7407

FY 2024-25

#5 of 17

Position by export value among HSN codes in Sub-Chapter 7407

Import-side rank: #1 of 17

At a glance

21.29%

Export CAGR

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

#3386

National Export Rank

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

+46.65%

Peak Growth Year

FY 2021-22 · strongest single-year move

8.46%

Contribution to Sub-Ch. 7407

Share of Sub-Chapter 7407 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #4196

Balance

−8.24

Exports

18.64 ₹ Cr

0.0008% share

— YoY

7.65% of Sub-Ch. 7407

Imports

26.88 ₹ Cr

0.0007% share

— YoY

2.32% of Sub-Ch. 7407

FY 2019-20 Exp. Rank #4541

Balance

−5.26

Exports

14.49 ₹ Cr

0.0007% share

−22.26% YoY

6.79% of Sub-Ch. 7407

Imports

19.75 ₹ Cr

0.0006% share

−26.53% YoY

2.27% of Sub-Ch. 7407

FY 2020-21 Exp. Rank #4121

Balance

−66.16

Exports

21.03 ₹ Cr

0.0010% share

+45.13% YoY

11.99% of Sub-Ch. 7407

Imports

87.19 ₹ Cr

0.0030% share

+341.47% YoY

10.38% of Sub-Ch. 7407

FY 2021-22 Exp. Rank #4014

Balance

−32.78

Exports

30.84 ₹ Cr

0.0010% share

+46.65% YoY

9.35% of Sub-Ch. 7407

Imports

63.62 ₹ Cr

0.0014% share

−27.03% YoY

5.95% of Sub-Ch. 7407

FY 2022-23 Exp. Rank #3620

Balance

−147.08

Exports

45.20 ₹ Cr

0.0012% share

+46.56% YoY

10.02% of Sub-Ch. 7407

Imports

192.28 ₹ Cr

0.0033% share

+202.23% YoY

15.69% of Sub-Ch. 7407

FY 2023-24 Exp. Rank #3803

Balance

−208.54

Exports

41.00 ₹ Cr

0.0011% share

−9.29% YoY

9.85% of Sub-Ch. 7407

Imports

249.54 ₹ Cr

0.0044% share

+29.78% YoY

20.18% of Sub-Ch. 7407

FY 2024-25 Exp. Rank #3386

Balance

−237.23

Exports

59.34 ₹ Cr

0.0016% share

+44.73% YoY

8.46% of Sub-Ch. 7407

Imports

296.57 ₹ Cr

0.0049% share

+18.85% YoY

21.72% of Sub-Ch. 7407

CAGR · 7-Year

Exports

21.29% /yr

Imports

49.20% /yr

Consistently Deficit
Sub-Chapter 7407 total

reference, FY 2024-25

Export

₹701.83 Cr

Import

₹1,365.41 Cr

Trade Balance

−663.58

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 74071010 and GST compliance.

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.

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.