HSN Code 74121000: Of Refined Copper
HSN Code 74121000 represents Of Refined Copper under GST classification. This code helps businesses identify Of Refined Copper correctly for billing, taxation, and trade. With HSN Code 74121000, 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 74121000
HSN Code 74121000 relates to the following description.
What does HSN Code 74121000 not include?
Of Refined Copper does not include products with the following descriptions.
Of copper alloys : Brass : Tube-well strainer
Of copper alloys : Brass : Hose connectors
Of copper alloys : Brass : Other
Of copper alloys : Fittings of bronze or other alloys of copper
India’s Trade Performance — HSN Code 74121000 in FY 2024-25
India’s Exports
FY 2024-25₹34 Cr
0.0009% of India’s total exports
India’s Imports
FY 2024-25₹33 Cr
0.0005% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #4610 of 12657 HSN codes
% of Sub-Chapter 7412
FY 2024-256.03%
Share of Sub-Chapter 7412’s total exports in FY 2024-25
Import side: 10.53% of Sub-Chapter 7412’s imports
Rank Within Sub-Chapter 7412
FY 2024-25#3 of 5
Position by export value among HSN codes in Sub-Chapter 7412
Import-side rank: #3 of 5
At a glance
55.56%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4147
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+181.71%
Peak Growth Year
FY 2020-21 · strongest single-year move
6.03%
Contribution to Sub-Ch. 7412
Share of Sub-Chapter 7412 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 74121000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−11.86
Exports
2.40 ₹ Cr
0.0001% share
— YoY
1.22% of Sub-Ch. 7412
Imports
14.26 ₹ Cr
0.0004% share
— YoY
10.83% of Sub-Ch. 7412
Balance
−15.16
Exports
3.39 ₹ Cr
0.0002% share
+41.25% YoY
1.76% of Sub-Ch. 7412
Imports
18.55 ₹ Cr
0.0006% share
+30.08% YoY
13.29% of Sub-Ch. 7412
Balance
−15.16
Exports
9.55 ₹ Cr
0.0004% share
+181.71% YoY
3.43% of Sub-Ch. 7412
Imports
24.71 ₹ Cr
0.0008% share
+33.21% YoY
14.05% of Sub-Ch. 7412
Balance
−19.36
Exports
14.19 ₹ Cr
0.0005% share
+48.59% YoY
3.28% of Sub-Ch. 7412
Imports
33.55 ₹ Cr
0.0007% share
+35.78% YoY
16.71% of Sub-Ch. 7412
Balance
−45.70
Exports
14.51 ₹ Cr
0.0004% share
+2.26% YoY
3.29% of Sub-Ch. 7412
Imports
60.21 ₹ Cr
0.0010% share
+79.46% YoY
23.28% of Sub-Ch. 7412
Balance
−4.28
Exports
18.83 ₹ Cr
0.0005% share
+29.77% YoY
4.05% of Sub-Ch. 7412
Imports
23.11 ₹ Cr
0.0004% share
−61.62% YoY
9.31% of Sub-Ch. 7412
Balance
+0.79
Exports
34.01 ₹ Cr
0.0009% share
+80.62% YoY
6.03% of Sub-Ch. 7412
Imports
33.22 ₹ Cr
0.0005% share
+43.75% YoY
10.53% of Sub-Ch. 7412
CAGR · 7-Year
Exports
55.56% /yr
Imports
15.14% /yr
reference, FY 2024-25
Export
₹564.47 Cr
Import
₹315.56 Cr
Trade Balance
+248.91
Key Trade Insights: HSN Code 74121000 Export-Import Analysis
Consistent Export Growth: 55.56% CAGR Over 7 Years
India's exports under HSN Code 74121000 have grown at a compound annual rate of 55.56% over 7 fiscal years, rising from ₹2.40 Crore in FY 2018-19 to ₹34.01 Crore in FY 2024-25.
HSN Code 74121000 Ranked #4147 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 74121000 ranks #4147 out of 12657 HSN codes by total export value. Within Sub-Chapter 7412, it ranks #3 of 5. By trade surplus, it ranks #4610 of 12657.
FY 2020-21 Was the Strongest Growth Year for HSN Code 74121000 Exports
The strongest single-year export movement for HSN Code 74121000 was recorded in FY 2020-21, when exports surged by 181.71% over the prior year.
India Maintains a Trade Surplus of ₹0.79 Crore in HSN Code 74121000 Goods
In FY 2024-25, India's exports of ₹34.01 Cr exceeded imports of ₹33.22 Cr, resulting in a trade surplus of ₹0.79 Crore — ranking #4610 of 12657 by surplus magnitude.
Import Growth of 15.14% CAGR Signals Rising Demand for Of Refined Copper
India's imports under HSN Code 74121000 have grown at 15.14% CAGR, reaching ₹33.22 Crore in FY 2024-25.
HSN Code 74121000 Contributes 6.03% of Sub-Chapter 7412 Exports — Ranked #3
Among the 5 HSN codes under Sub-Chapter 7412, HSN Code 74121000 ranks #3 by export value — accounting for 6.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 10.53% share (rank #3).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 74121000 and GST compliance.
What products are classified under HSN 74121000 ?
It includes Copper tube or pipe fittings: Of Copper Alloys | Brass
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.
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).
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 much GST applies to Of Refined Copper?
Under HSN 74121000, Of Refined Copper attracts Varies when sold in taxable form. Describe the exact form on the invoice.