HSN Code 74072990: Copper bars, rods and profiles: Of Copper Alloys | Other

HSN Code 74072990 represents Copper bars, rods and profiles: Of Copper Alloys | Other under GST classification. This code helps businesses identify Copper bars, rods and profiles: Of Copper Alloys | Other correctly for billing, taxation, and trade. With HSN Code 74072990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Copper bars, rods and profiles: Of Copper Alloys | Other.

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Description of Goods for HSN Code 74072990

HSN Code 74072990 relates to the following description.

Description of Goods

Of copper alloys : Other : Other

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 74072990 not include?

Copper bars, rods and profiles: Of Copper Alloys | Other 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 74072990 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

₹15 Cr

−11.36% vs FY 2023-24

0.0004% of India’s total exports

India’s Imports

FY 2024-25

₹189 Cr

+29.35% vs FY 2023-24

0.0031% of India’s total imports

Trade Balance

FY 2024-25

−₹174 Cr

Trade Deficit

Surplus rank #11213 of 12657 HSN codes

% of Sub-Chapter 7407

FY 2024-25

2.11%

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

Import side: 13.86% of Sub-Chapter 7407’s imports

Rank Within Sub-Chapter 7407

FY 2024-25

#8 of 17

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

Import-side rank: #3 of 17

At a glance

−4.04%

Export CAGR

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

#5271

National Export Rank

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

+57.56%

Peak Growth Year

FY 2021-22 · strongest single-year move

2.11%

Contribution to Sub-Ch. 7407

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

India Export-Import Trade Statistics for HSN Code 74072990

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 #4171

Balance

−47.27

Exports

18.99 ₹ Cr

0.0008% share

— YoY

7.79% of Sub-Ch. 7407

Imports

66.26 ₹ Cr

0.0018% share

— YoY

5.71% of Sub-Ch. 7407

FY 2019-20 Exp. Rank #4470

Balance

−28.55

Exports

15.36 ₹ Cr

0.0007% share

−19.12% YoY

7.20% of Sub-Ch. 7407

Imports

43.91 ₹ Cr

0.0013% share

−33.73% YoY

5.04% of Sub-Ch. 7407

FY 2020-21 Exp. Rank #4963

Balance

−43.38

Exports

10.84 ₹ Cr

0.0005% share

−29.43% YoY

6.18% of Sub-Ch. 7407

Imports

54.22 ₹ Cr

0.0019% share

+23.48% YoY

6.46% of Sub-Ch. 7407

FY 2021-22 Exp. Rank #4796

Balance

−41.58

Exports

17.08 ₹ Cr

0.0005% share

+57.56% YoY

5.18% of Sub-Ch. 7407

Imports

58.66 ₹ Cr

0.0013% share

+8.19% YoY

5.48% of Sub-Ch. 7407

FY 2022-23 Exp. Rank #4343

Balance

−66.97

Exports

26.21 ₹ Cr

0.0007% share

+53.45% YoY

5.81% of Sub-Ch. 7407

Imports

93.18 ₹ Cr

0.0016% share

+58.85% YoY

7.61% of Sub-Ch. 7407

FY 2023-24 Exp. Rank #5014

Balance

−129.57

Exports

16.73 ₹ Cr

0.0005% share

−36.17% YoY

4.02% of Sub-Ch. 7407

Imports

146.30 ₹ Cr

0.0026% share

+57.01% YoY

11.83% of Sub-Ch. 7407

FY 2024-25 Exp. Rank #5271

Balance

−174.41

Exports

14.83 ₹ Cr

0.0004% share

−11.36% YoY

2.11% of Sub-Ch. 7407

Imports

189.24 ₹ Cr

0.0031% share

+29.35% YoY

13.86% of Sub-Ch. 7407

CAGR · 7-Year

Exports

−4.04% /yr

Imports

19.11% /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 74072990 Export-Import Analysis

Export Decline: −4.04% CAGR Over 7 Years

India's exports under HSN Code 74072990 have declined at a compound annual rate of −4.04% over 7 fiscal years, falling from ₹18.99 Crore in FY 2018-19 to ₹14.83 Crore in FY 2024-25.

HSN Code 74072990 Ranked #5271 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 74072990 ranks #5271 out of 12657 HSN codes by total export value. Within Sub-Chapter 7407, it ranks #8 of 17. By trade surplus, it ranks #11213 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 74072990 Exports

The strongest single-year export movement for HSN Code 74072990 was recorded in FY 2021-22, when exports surged by 57.56% over the prior year.

India Records a Trade Deficit of ₹174.41 Crore in HSN Code 74072990 Goods

In FY 2024-25, India's imports of ₹189.24 Cr exceeded exports of ₹14.83 Cr, resulting in a trade deficit of ₹174.41 Crore — ranking #11213 of 12657 by surplus magnitude.

Import Growth of 19.11% CAGR Signals Rising Demand for Copper bars, rods and profiles: Of Copper Alloys | Other

India's imports under HSN Code 74072990 have grown at 19.11% CAGR, reaching ₹189.24 Crore in FY 2024-25.

HSN Code 74072990 Contributes 2.11% of Sub-Chapter 7407 Exports — Ranked #8

Among the 17 HSN codes under Sub-Chapter 7407, HSN Code 74072990 ranks #8 by export value — accounting for 2.11% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 13.86% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 74072990 and GST compliance.

What products are classified under HSN 74072990 ?

It includes Of refined copper : Other : Copper weld wire

Any common misclassification issue with Copper bars, rods and profiles: Of Copper Alloys / Other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Does packaging or labelling change the GST for Copper bars, rods and profiles: Of Copper Alloys / Other?

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 Copper bars, rods and profiles: Of Copper Alloys / Other?

Under HSN 74072990, Copper bars, rods and profiles: Of Copper Alloys / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Copper bars, rods and profiles: Of Copper Alloys / Other?

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.

Can we claim ITC on inputs used to trade Copper bars, rods and profiles: Of Copper Alloys / Other?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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.