HSN Code 74111000: Of Refined Copper
HSN Code 74111000 represents Of Refined Copper under GST classification. This code helps businesses identify Of Refined Copper correctly for billing, taxation, and trade. With HSN Code 74111000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of Refined Copper.
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Description of Goods for HSN Code 74111000
HSN Code 74111000 relates to the following description.
What does HSN Code 74111000 not include?
Of Refined Copper does not include products with the following descriptions.
Of copper alloys : Of copper-zinc base alloys (brass)
Of copper alloys : Of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver)
Of copper alloys : Other
India’s Trade Performance — HSN Code 74111000 in FY 2024-25
India’s Exports
FY 2024-25₹568 Cr
0.0154% of India’s total exports
India’s Imports
FY 2024-25₹9,954 Cr
0.1638% of India’s total imports
Trade Balance
FY 2024-25−₹9,387 Cr
Surplus rank #12605 of 12657 HSN codes
% of Sub-Chapter 7411
FY 2024-2556.27%
Share of Sub-Chapter 7411’s total exports in FY 2024-25
Import side: 98.00% of Sub-Chapter 7411’s imports
Rank Within Sub-Chapter 7411
FY 2024-25#1 of 4
Position by export value among HSN codes in Sub-Chapter 7411
Import-side rank: #1 of 4
At a glance
26.38%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#897
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+95.93%
Peak Growth Year
FY 2021-22 · strongest single-year move
56.27%
Contribution to Sub-Ch. 7411
Share of Sub-Chapter 7411 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 74111000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−2,649.43
Exports
139.34 ₹ Cr
0.0061% share
— YoY
45.42% of Sub-Ch. 7411
Imports
2,788.77 ₹ Cr
0.0778% share
— YoY
89.13% of Sub-Ch. 7411
Balance
−3,210.06
Exports
112.89 ₹ Cr
0.0051% share
−18.98% YoY
40.58% of Sub-Ch. 7411
Imports
3,322.95 ₹ Cr
0.0993% share
+19.15% YoY
94.97% of Sub-Ch. 7411
Balance
−2,799.52
Exports
164.25 ₹ Cr
0.0076% share
+45.50% YoY
54.28% of Sub-Ch. 7411
Imports
2,963.77 ₹ Cr
0.1017% share
−10.81% YoY
95.06% of Sub-Ch. 7411
Balance
−4,516.11
Exports
321.82 ₹ Cr
0.0103% share
+95.93% YoY
54.09% of Sub-Ch. 7411
Imports
4,837.93 ₹ Cr
0.1058% share
+63.24% YoY
96.68% of Sub-Ch. 7411
Balance
−6,242.86
Exports
384.34 ₹ Cr
0.0106% share
+19.43% YoY
49.21% of Sub-Ch. 7411
Imports
6,627.20 ₹ Cr
0.1153% share
+36.98% YoY
97.00% of Sub-Ch. 7411
Balance
−6,395.09
Exports
423.00 ₹ Cr
0.0117% share
+10.06% YoY
50.11% of Sub-Ch. 7411
Imports
6,818.09 ₹ Cr
0.1214% share
+2.88% YoY
97.36% of Sub-Ch. 7411
Balance
−9,386.62
Exports
567.60 ₹ Cr
0.0154% share
+34.18% YoY
56.27% of Sub-Ch. 7411
Imports
9,954.22 ₹ Cr
0.1638% share
+46.00% YoY
98.00% of Sub-Ch. 7411
CAGR · 7-Year
Exports
26.38% /yr
Imports
23.62% /yr
reference, FY 2024-25
Export
₹1,008.66 Cr
Import
₹10,157.49 Cr
Trade Balance
−9,148.83
Key Trade Insights: HSN Code 74111000 Export-Import Analysis
Consistent Export Growth: 26.38% CAGR Over 7 Years
India's exports under HSN Code 74111000 have grown at a compound annual rate of 26.38% over 7 fiscal years, rising from ₹139.34 Crore in FY 2018-19 to ₹567.60 Crore in FY 2024-25.
HSN Code 74111000 Ranked #897 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 74111000 ranks #897 out of 12657 HSN codes by total export value. Within Sub-Chapter 7411, it ranks #1 of 4. By trade surplus, it ranks #12605 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 74111000 Exports
The strongest single-year export movement for HSN Code 74111000 was recorded in FY 2021-22, when exports surged by 95.93% over the prior year.
India Records a Trade Deficit of ₹9,386.62 Crore in HSN Code 74111000 Goods
In FY 2024-25, India's imports of ₹9,954.22 Cr exceeded exports of ₹567.60 Cr, resulting in a trade deficit of ₹9,386.62 Crore — ranking #12605 of 12657 by surplus magnitude.
Import Growth of 23.62% CAGR Signals Rising Demand for Of Refined Copper
India's imports under HSN Code 74111000 have grown at 23.62% CAGR, reaching ₹9,954.22 Crore in FY 2024-25.
HSN Code 74111000 Contributes 56.27% of Sub-Chapter 7411 Exports — Ranked #1
Among the 4 HSN codes under Sub-Chapter 7411, HSN Code 74111000 ranks #1 by export value — accounting for 56.27% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 98.00% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 74111000 and GST compliance.
What products are classified under HSN 74111000 ?
It includes Copper tubes and pipes: Of Copper Alloys | Other
Do e‑way bill and e‑invoice apply for Of Refined Copper?
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.
Any common misclassification issue with Of Refined Copper?
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 Of Refined Copper?
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 Of Refined Copper?
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 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; Nil for exempt items if applicable).