2603 HSN Code: Copper ores & extracts

HSN Sub Chapter 2603 represents Copper ores & extracts under GST classification. This code helps businesses identify Copper ores & extracts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2603, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Copper ores & extracts.

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New GST Rate for HSN Code 2603

GST Rate for Copper ores & extracts under HSN Code 2603. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

26

HSN Code

2603

HSN Description

Copper ores and concertrates

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2603

Following tariff HSN codes fall under Copper ores & extracts.

Tariff HSN

26030000

Description

Copper ores and concertrates

India’s Trade Performance — HSN Sub-Chapter 2603 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

₹197 Cr

−19.01% vs FY 2023-24

0.0053% of India’s total exports

India’s Imports

FY 2024-25

₹32,558 Cr

+25.46% vs FY 2023-24

0.5339% of India’s total imports

Trade Balance

FY 2024-25

−₹32,361 Cr

Trade Deficit

Surplus rank #1193 of 1233 subchapters

% of Chapter 26

FY 2024-25

0.99%

Share of Chapter 26’s total exports in FY 2024-25

Import side: 53.20% of Chapter 26’s imports

Rank Within Chapter 26

FY 2024-25

#6 of 21

Position by export value among subchapters in Chapter 26

Import-side rank: #1 of 21

At a glance

−29.93%

Export CAGR

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

#704

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+22.99%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.99%

Contribution to Ch. 26

Share of Chapter 26 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2603

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 #211

Balance

−10,483.44

Exports

1,662.76 ₹ Cr

0.0724% share

— YoY

12.88% of Ch. 26

Imports

12,146.20 ₹ Cr

0.3382% share

— YoY

40.99% of Ch. 26

FY 2019-20 Exp. Rank #180

Balance

−6,622.43

Exports

2,045.09 ₹ Cr

0.0926% share

+22.99% YoY

9.13% of Ch. 26

Imports

8,667.52 ₹ Cr

0.2584% share

−28.64% YoY

46.35% of Ch. 26

FY 2020-21 Exp. Rank #349

Balance

−5,138.22

Exports

768.94 ₹ Cr

0.0358% share

−62.40% YoY

1.98% of Ch. 26

Imports

5,907.16 ₹ Cr

0.2027% share

−31.85% YoY

32.85% of Ch. 26

FY 2021-22 Exp. Rank #533

Balance

−21,984.98

Exports

396.45 ₹ Cr

0.0126% share

−48.44% YoY

1.48% of Ch. 26

Imports

22,381.43 ₹ Cr

0.4897% share

+278.89% YoY

52.43% of Ch. 26

FY 2022-23 Exp. Rank #654

Balance

−27,130.89

Exports

243.54 ₹ Cr

0.0067% share

−38.57% YoY

1.39% of Ch. 26

Imports

27,374.43 ₹ Cr

0.4761% share

+22.31% YoY

58.88% of Ch. 26

FY 2023-24 Exp. Rank #655

Balance

−25,708.20

Exports

243.03 ₹ Cr

0.0067% share

−0.21% YoY

0.69% of Ch. 26

Imports

25,951.23 ₹ Cr

0.4621% share

−5.20% YoY

52.33% of Ch. 26

FY 2024-25 Exp. Rank #704

Balance

−32,360.77

Exports

196.83 ₹ Cr

0.0053% share

−19.01% YoY

0.99% of Ch. 26

Imports

32,557.60 ₹ Cr

0.5339% share

+25.46% YoY

53.20% of Ch. 26

CAGR · 7-Year

Exports

−29.93% /yr

Imports

17.86% /yr

Consistently Deficit
Chapter 26 total

reference, FY 2024-25

Export

₹19,892.22 Cr

Import

₹61,194.74 Cr

Trade Balance

−41,302.52

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 2603 Export-Import Analysis

Export Decline: −29.93% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2603 have declined at a compound annual rate of −29.93% over 7 fiscal years, falling from ₹1,662.76 Crore in FY 2018-19 to ₹196.83 Crore in FY 2024-25.

HSN Sub-Chapter 2603 Ranked #704 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2603 ranks #704 out of 1233 subchapters by total export value. Within Chapter 26, it ranks #6 of 21. By trade surplus, it ranks #1193 of 1233.

FY 2019-20 Was the Strongest Growth Year for HSN Sub-Chapter 2603 Exports

The strongest single-year export movement for HSN Sub-Chapter 2603 was recorded in FY 2019-20, when exports surged by 22.99% over the prior year.

India Records a Trade Deficit of ₹32,360.77 Crore in HSN Sub-Chapter 2603 Goods

In FY 2024-25, India's imports of ₹32,557.60 Cr exceeded exports of ₹196.83 Cr, resulting in a trade deficit of ₹32,360.77 Crore — ranking #1193 of 1233 by surplus magnitude.

Import Growth of 17.86% CAGR Signals Rising Demand for Copper ores & extracts

India's imports under HSN Sub-Chapter 2603 have grown at 17.86% CAGR, reaching ₹32,557.60 Crore in FY 2024-25.

HSN Sub-Chapter 2603 Contributes 0.99% of Chapter 26 Exports — Ranked #6

Among the 21 subchapters under Chapter 26, HSN Sub-Chapter 2603 ranks #6 by export value — accounting for 0.99% of the chapter's total exports in FY 2024-25. On the import side, it holds 53.20% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2603 and GST compliance.

What products are classified under HSN 2603

It includes Copper ores & extracts

How do I bill a kit or combo that includes Copper ores & extracts?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

How should I document Copper ores & extracts sent for job work?

Use a delivery challan for sending Copper ores & extracts to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

What are the e‑way bill and e‑invoice points while moving Copper ores & extracts?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

Does packaging or branding change how GST applies to Copper ores & extracts?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Copper ores & extracts is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

Can I claim ITC on inputs and services used for Copper ores & extracts?

If your outward supply of Copper ores & extracts is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

Does MRP, weight or pack size change GST treatment for Copper ores & extracts?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

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.

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