--- title: "HSN Code for Refined copper: Hollow bars | HSN 74071040 GST Rate" description: "Find HSN and GST Rates for 74071040 related to Refined copper: Hollow bars with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-74071040/" --- # HSN Code 74071040: Refined copper: Hollow bars - [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 : Hollow bars of copper | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 74071040 ? It includes Of Refined Copper | Other ### Does packaging or labelling change the GST for Refined copper: 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. ### How much GST applies to Refined copper: Hollow bars? Under HSN 74071040, Refined copper: Hollow bars attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Refined copper: 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 Refined copper: 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 should mixed supplies be billed when Refined copper: Hollow bars is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Refined copper: Hollow bars; Nil for exempt items if applicable). ## India's trade performance: HSN Code 74071040 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−50.00% YoY) — 0.0000% of India's total exports - Imports: ₹5 Cr (−67.21% YoY) — 0.0001% of India's total imports - Trade balance: −₹5 Cr (Deficit); surplus rank #8571 of 12657 HSN codes - Share of Sub-Chapter 7407: 0.00% of its exports; import side 0.34% - Rank within Sub-Chapter 7407: #15 of 17 by export value; import-side #13 ### Key metrics - Export CAGR: -33.60% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #10193 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +200.00% in FY 2023-24 - Contribution to Sub-Ch. 7407: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 74071040 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 | < ₹1 Crore | 0.0000% | — | 0.14% | Nil | 0.0000% | — | 0.00% | +0.35 | #8437 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −74.29% | 0.04% | 1.94 | 0.0001% | — | 0.22% | −1.85 | #9220 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +11.11% | 0.06% | < ₹1 Crore | 0.0000% | −95.88% | 0.01% | +0.02 | #9236 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −50.00% | 0.02% | < ₹1 Crore | 0.0000% | −87.50% | 0.00% | +0.04 | #9808 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −60.00% | 0.00% | 7.55 | 0.0001% | +75,400.00% | 0.62% | −7.53 | #10152 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +200.00% | 0.01% | 14.12 | 0.0003% | +87.02% | 1.14% | −14.06 | #9987 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −50.00% | 0.00% | 4.63 | 0.0001% | −67.21% | 0.34% | −4.60 | #10193 | - CAGR (7-year): exports -33.60%/yr, imports —/yr (consistently Deficit) ## Key trade insights: HSN Code 74071040 export-import analysis ### Export decline: -33.60% CAGR over 7 years India's exports under HSN Code 74071040 have declined at a compound annual rate of -33.60% over 7 fiscal years, falling from ₹0.35 Crore in FY 2018-19 to ₹0.03 Crore in FY 2024-25. ### HSN Code 74071040 ranked #10193 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 74071040 ranks #10193 out of 12657 HSN codes by total export value. Within Sub-Chapter 7407, it ranks #15 of 17. By trade surplus, it ranks #8571 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 74071040 exports The strongest single-year export movement for HSN Code 74071040 was recorded in FY 2023-24, when exports surged by 200.00% over the prior year. ### India records a trade deficit of ₹4.60 Crore in HSN Code 74071040 goods In FY 2024-25, India's imports of ₹4.63 Cr exceeded exports of ₹0.03 Cr, resulting in a trade deficit of ₹4.60 Crore — ranking #8571 of 12657 by surplus magnitude. ### HSN Code 74071040 contributes 0.00% of Sub-Chapter 7407 exports — ranked #15 Among the 17 HSN codes under Sub-Chapter 7407, HSN Code 74071040 ranks #15 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.34% share (rank #13). ## 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](https://busy.in/hsn/hsn-74071010/) | ₹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 | | #15 | HSN Code 74071040: Refined copper: Hollow bars (this hsn code) | < ₹1 Crore |