HSN Code 74071030: Copper bars (excluding hollow bars)
HSN Code 74071030 represents Copper bars (excluding hollow bars) under GST classification. This code helps businesses identify Copper bars (excluding hollow bars) correctly for billing, taxation, and trade. With HSN Code 74071030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Copper bars (excluding hollow bars).
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Description of Goods for HSN Code 74071030
HSN Code 74071030 relates to the following description.
What does HSN Code 74071030 not include?
Copper bars (excluding hollow bars) does not include products with the following descriptions.
Of refined copper : Electrolytic copper rods or black copper rods
Of refined copper : Other copper rods
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 : Other copper rods
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 74071030 in FY 2024-25
India’s Exports
FY 2024-25₹284 Cr
0.0077% of India’s total exports
India’s Imports
FY 2024-25₹74 Cr
0.0012% of India’s total imports
Trade Balance
FY 2024-25₹210 Cr
Surplus rank #1119 of 12657 HSN codes
% of Sub-Chapter 7407
FY 2024-2540.47%
Share of Sub-Chapter 7407’s total exports in FY 2024-25
Import side: 5.41% of Sub-Chapter 7407’s imports
Rank Within Sub-Chapter 7407
FY 2024-25#1 of 17
Position by export value among HSN codes in Sub-Chapter 7407
Import-side rank: #8 of 17
At a glance
48.59%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1494
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+262.96%
Peak Growth Year
FY 2024-25 · strongest single-year move
40.47%
Contribution to Sub-Ch. 7407
Share of Sub-Chapter 7407 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 74071030
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−183.52
Exports
26.39 ₹ Cr
0.0012% share
— YoY
10.83% of Sub-Ch. 7407
Imports
209.91 ₹ Cr
0.0059% share
— YoY
18.09% of Sub-Ch. 7407
Balance
−185.37
Exports
28.41 ₹ Cr
0.0013% share
+7.65% YoY
13.32% of Sub-Ch. 7407
Imports
213.78 ₹ Cr
0.0064% share
+1.84% YoY
24.54% of Sub-Ch. 7407
Balance
−198.31
Exports
24.04 ₹ Cr
0.0011% share
−15.38% YoY
13.71% of Sub-Ch. 7407
Imports
222.35 ₹ Cr
0.0076% share
+4.01% YoY
26.48% of Sub-Ch. 7407
Balance
−147.49
Exports
35.25 ₹ Cr
0.0011% share
+46.63% YoY
10.69% of Sub-Ch. 7407
Imports
182.74 ₹ Cr
0.0040% share
−17.81% YoY
17.08% of Sub-Ch. 7407
Balance
−31.03
Exports
83.22 ₹ Cr
0.0023% share
+136.09% YoY
18.46% of Sub-Ch. 7407
Imports
114.25 ₹ Cr
0.0020% share
−37.48% YoY
9.33% of Sub-Ch. 7407
Balance
+2.99
Exports
78.25 ₹ Cr
0.0022% share
−5.97% YoY
18.80% of Sub-Ch. 7407
Imports
75.26 ₹ Cr
0.0013% share
−34.13% YoY
6.09% of Sub-Ch. 7407
Balance
+210.10
Exports
284.02 ₹ Cr
0.0077% share
+262.96% YoY
40.47% of Sub-Ch. 7407
Imports
73.92 ₹ Cr
0.0012% share
−1.78% YoY
5.41% of Sub-Ch. 7407
CAGR · 7-Year
Exports
48.59% /yr
Imports
−15.97% /yr
reference, FY 2024-25
Export
₹701.83 Cr
Import
₹1,365.41 Cr
Trade Balance
−663.58
Key Trade Insights: HSN Code 74071030 Export-Import Analysis
Consistent Export Growth: 48.59% CAGR Over 7 Years
India's exports under HSN Code 74071030 have grown at a compound annual rate of 48.59% over 7 fiscal years, rising from ₹26.39 Crore in FY 2018-19 to ₹284.02 Crore in FY 2024-25.
HSN Code 74071030 Ranked #1494 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 74071030 ranks #1494 out of 12657 HSN codes by total export value. Within Sub-Chapter 7407, it ranks #1 of 17. By trade surplus, it ranks #1119 of 12657.
FY 2024-25 Was the Strongest Growth Year for HSN Code 74071030 Exports
The strongest single-year export movement for HSN Code 74071030 was recorded in FY 2024-25, when exports surged by 262.96% over the prior year.
India Maintains a Trade Surplus of ₹210.10 Crore in HSN Code 74071030 Goods
In FY 2024-25, India's exports of ₹284.02 Cr exceeded imports of ₹73.92 Cr, resulting in a trade surplus of ₹210.10 Crore — ranking #1119 of 12657 by surplus magnitude.
Import Growth of −15.97% CAGR Signals Stable Import Dependency for Copper bars (excluding hollow bars)
India's imports under HSN Code 74071030 have grown at −15.97% CAGR, reaching ₹73.92 Crore in FY 2024-25.
HSN Code 74071030 Contributes 40.47% of Sub-Chapter 7407 Exports — Ranked #1
Among the 17 HSN codes under Sub-Chapter 7407, HSN Code 74071030 ranks #1 by export value — accounting for 40.47% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.41% share (rank #8).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 74071030 and GST compliance.
What products are classified under HSN 74071030 ?
It includes Of refined copper : Profiles : Other
Does packaging or labelling change the GST for Copper bars (excluding hollow bars)?
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.
Can we claim ITC on inputs used to trade Copper bars (excluding hollow bars)?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Do e‑way bill and e‑invoice apply for Copper bars (excluding hollow bars)?
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 bars (excluding hollow bars)?
Under HSN 74071030, Copper bars (excluding hollow bars) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with Copper bars (excluding hollow bars)?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.