HSN Code 74071040: Refined copper: Hollow bars
HSN Code 74071040 represents Refined copper: Hollow bars under GST classification. This code helps businesses identify Refined copper: Hollow bars correctly for billing, taxation, and trade. With HSN Code 74071040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Refined copper: Hollow bars.
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Description of Goods for HSN Code 74071040
HSN Code 74071040 relates to the following description.
What does HSN Code 74071040 not include?
Refined copper: 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 : Copper bars (excluding hollow bars)
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 : Copper bars (excluding hollow bars)
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 74071040 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹5 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25−₹5 Cr
Surplus rank #8571 of 12657 HSN codes
% of Sub-Chapter 7407
FY 2024-250.00%
Share of Sub-Chapter 7407’s total exports in FY 2024-25
Import side: 0.34% of Sub-Chapter 7407’s imports
Rank Within Sub-Chapter 7407
FY 2024-25#15 of 17
Position by export value among HSN codes in Sub-Chapter 7407
Import-side rank: #13 of 17
At a glance
−33.60%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#10193
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+200.00%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.00%
Contribution to Sub-Ch. 7407
Share of Sub-Chapter 7407 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+0.35
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.14% of Sub-Ch. 7407
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 7407
Balance
−1.85
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−74.29% YoY
0.04% of Sub-Ch. 7407
Imports
1.94 ₹ Cr
0.0001% share
— YoY
0.22% of Sub-Ch. 7407
Balance
+0.02
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+11.11% YoY
0.06% of Sub-Ch. 7407
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−95.88% YoY
0.01% of Sub-Ch. 7407
Balance
+0.04
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−50.00% YoY
0.02% of Sub-Ch. 7407
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−87.50% YoY
0.00% of Sub-Ch. 7407
Balance
−7.53
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−60.00% YoY
0.00% of Sub-Ch. 7407
Imports
7.55 ₹ Cr
0.0001% share
+75,400.00% YoY
0.62% of Sub-Ch. 7407
Balance
−14.06
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+200.00% YoY
0.01% of Sub-Ch. 7407
Imports
14.12 ₹ Cr
0.0003% share
+87.02% YoY
1.14% of Sub-Ch. 7407
Balance
−4.60
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−50.00% YoY
0.00% of Sub-Ch. 7407
Imports
4.63 ₹ Cr
0.0001% share
−67.21% YoY
0.34% of Sub-Ch. 7407
CAGR · 7-Year
Exports
−33.60% /yr
Imports
—
reference, FY 2024-25
Export
₹701.83 Cr
Import
₹1,365.41 Cr
Trade Balance
−663.58
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 74071040 and GST compliance.
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).