HSN Code 74071020: Of refined copper : Other copper rods
HSN Code 74071020 represents Of refined copper : Other copper rods under GST classification. This code helps businesses identify Of refined copper : Other copper rods correctly for billing, taxation, and trade. With HSN Code 74071020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of refined copper : Other copper rods.
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Description of Goods for HSN Code 74071020
HSN Code 74071020 relates to the following description.
What does HSN Code 74071020 not include?
Of refined copper : Other copper rods does not include products with the following descriptions.
Of refined copper : Electrolytic copper rods or black copper rods
Of refined copper : Copper bars (excluding hollow bars)
Of refined copper : Hollow bars of copper
Of refined copper : Profiles : Hollow profiles
Of refined copper : Profiles : Other
Of refined copper : Other
Of copper alloys : Of copper-zinc base alloys (brass) : Bars
Of copper alloys : Of copper-zinc base alloys (brass) : Rods
Of copper alloys : Of copper-zinc base alloys (brass) : Hollow bars
Of copper alloys : Of copper-zinc base alloys (brass) : Other
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
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
Of copper alloys : Other : Rods of bronze and similar alloys
Of copper alloys : Other : Profiles : Hollow
Of copper alloys : Other : Profiles : Other
Of copper alloys : Other : Other
Of refined copper : Electrolytic copper rods or black copper rods
Of refined copper : Copper bars (excluding hollow bars)
Of refined copper : Hollow bars of copper
Of refined copper : Profiles : Hollow profiles
Of refined copper : Profiles : Other
Of refined copper : Other
Of copper alloys : Of copper-zinc base alloys (brass) : Bars
Of copper alloys : Of copper-zinc base alloys (brass) : Rods
Of copper alloys : Of copper-zinc base alloys (brass) : Hollow bars
Of copper alloys : Of copper-zinc base alloys (brass) : Other
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
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
Of copper alloys : Other : Rods of bronze and similar alloys
Of copper alloys : Other : Profiles : Hollow
Of copper alloys : Other : Profiles : Other
Of copper alloys : Other : Other
India’s Trade Performance — HSN Code 74071020 in FY 2024-25
India’s Exports
FY 2024-25₹91 Cr
0.0025% of India’s total exports
India’s Imports
FY 2024-25₹78 Cr
0.0013% of India’s total imports
Trade Balance
FY 2024-25₹14 Cr
Surplus rank #3089 of 12657 HSN codes
% of Sub-Chapter 7407
FY 2024-2513.03%
Share of Sub-Chapter 7407’s total exports in FY 2024-25
Import side: 5.68% of Sub-Chapter 7407’s imports
Rank Within Sub-Chapter 7407
FY 2024-25#2 of 17
Position by export value among HSN codes in Sub-Chapter 7407
Import-side rank: #7 of 17
At a glance
6.66%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2790
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+53.49%
Peak Growth Year
FY 2021-22 · strongest single-year move
13.03%
Contribution to Sub-Ch. 7407
Share of Sub-Chapter 7407 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 74071020
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−273.12
Exports
62.10 ₹ Cr
0.0027% share
— YoY
25.48% of Sub-Ch. 7407
Imports
335.22 ₹ Cr
0.0094% share
— YoY
28.89% of Sub-Ch. 7407
Balance
−126.05
Exports
53.70 ₹ Cr
0.0024% share
−13.53% YoY
25.18% of Sub-Ch. 7407
Imports
179.75 ₹ Cr
0.0054% share
−46.38% YoY
20.63% of Sub-Ch. 7407
Balance
−50.95
Exports
36.12 ₹ Cr
0.0017% share
−32.74% YoY
20.59% of Sub-Ch. 7407
Imports
87.07 ₹ Cr
0.0030% share
−51.56% YoY
10.37% of Sub-Ch. 7407
Balance
−56.58
Exports
55.44 ₹ Cr
0.0018% share
+53.49% YoY
16.81% of Sub-Ch. 7407
Imports
112.02 ₹ Cr
0.0025% share
+28.66% YoY
10.47% of Sub-Ch. 7407
Balance
−26.18
Exports
77.07 ₹ Cr
0.0021% share
+39.02% YoY
17.09% of Sub-Ch. 7407
Imports
103.25 ₹ Cr
0.0018% share
−7.83% YoY
8.43% of Sub-Ch. 7407
Balance
−18.63
Exports
62.75 ₹ Cr
0.0017% share
−18.58% YoY
15.08% of Sub-Ch. 7407
Imports
81.38 ₹ Cr
0.0014% share
−21.18% YoY
6.58% of Sub-Ch. 7407
Balance
+13.86
Exports
91.43 ₹ Cr
0.0025% share
+45.71% YoY
13.03% of Sub-Ch. 7407
Imports
77.57 ₹ Cr
0.0013% share
−4.68% YoY
5.68% of Sub-Ch. 7407
CAGR · 7-Year
Exports
6.66% /yr
Imports
−21.65% /yr
reference, FY 2024-25
Export
₹701.83 Cr
Import
₹1,365.41 Cr
Trade Balance
−663.58
Key Trade Insights: HSN Code 74071020 Export-Import Analysis
Consistent Export Growth: 6.66% CAGR Over 7 Years
India's exports under HSN Code 74071020 have grown at a compound annual rate of 6.66% over 7 fiscal years, rising from ₹62.10 Crore in FY 2018-19 to ₹91.43 Crore in FY 2024-25.
HSN Code 74071020 Ranked #2790 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 74071020 ranks #2790 out of 12657 HSN codes by total export value. Within Sub-Chapter 7407, it ranks #2 of 17. By trade surplus, it ranks #3089 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 74071020 Exports
The strongest single-year export movement for HSN Code 74071020 was recorded in FY 2021-22, when exports surged by 53.49% over the prior year.
India Maintains a Trade Surplus of ₹13.86 Crore in HSN Code 74071020 Goods
In FY 2024-25, India's exports of ₹91.43 Cr exceeded imports of ₹77.57 Cr, resulting in a trade surplus of ₹13.86 Crore — ranking #3089 of 12657 by surplus magnitude.
Import Growth of −21.65% CAGR Signals Stable Import Dependency for Of refined copper : Other copper rods
India's imports under HSN Code 74071020 have grown at −21.65% CAGR, reaching ₹77.57 Crore in FY 2024-25.
HSN Code 74071020 Contributes 13.03% of Sub-Chapter 7407 Exports — Ranked #2
Among the 17 HSN codes under Sub-Chapter 7407, HSN Code 74071020 ranks #2 by export value — accounting for 13.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.68% share (rank #7).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 74071020 and GST compliance.
What products are classified under HSN 74071020 ?
It includes Of refined copper : Profiles : Hollow profiles
Any common misclassification issue with Of refined copper : Other 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.
Can we claim ITC on inputs used to trade Of refined copper : Other 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.
How should mixed supplies be billed when Of refined copper : Other copper rods is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of refined copper : Other copper rods; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Of refined copper : Other 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 much GST applies to Of refined copper : Other copper rods?
Under HSN 74071020, Of refined copper : Other copper rods attracts Varies when sold in taxable form. Describe the exact form on the invoice.