7401 HSN Code: Copper mattes; cement copper

HSN Sub Chapter 7401 represents Copper mattes; cement copper under GST classification. This code helps businesses identify Copper mattes; cement copper correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7401, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Copper mattes; cement copper.

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New GST Rate for HSN Code 7401

GST Rate for Copper mattes; cement copper under HSN Code 7401. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

74

HSN Code

7401

HSN Description

Copper mattes; cement copper (precipitated copper)

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7401

Following tariff HSN codes fall under Copper mattes; cement copper.

Tariff HSN

74010010

Description

Copper mattes; Cement copper (precipitated copper): Copper mattes

Tariff HSN

74010090

Description

Copper mattes; Cement copper (precipitated copper): Cement copper (precipitated copper)

Tariff HSN

74011000

Description

Copper mattes; cement copper (precipitated copper) - copper mattes

Tariff HSN

74012000

Description

Copper mattes; cement copper (precipitated copper) - cement copper (precipitated copper)

India’s Trade Performance — HSN Sub-Chapter 7401 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

₹294 Cr

+129.18% vs FY 2023-24

0.0079% of India’s total exports

India’s Imports

FY 2024-25

₹6 Cr

+526.04% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹288 Cr

Trade Surplus

Surplus rank #301 of 1233 subchapters

% of Chapter 74

FY 2024-25

1.67%

Share of Chapter 74’s total exports in FY 2024-25

Import side: 0.01% of Chapter 74’s imports

Rank Within Chapter 74

FY 2024-25

#12 of 16

Position by export value among subchapters in Chapter 74

Import-side rank: #16 of 16

At a glance

28.26%

Export CAGR

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

#626

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+134.50%

Peak Growth Year

FY 2020-21 · strongest single-year move

1.67%

Contribution to Ch. 74

Share of Chapter 74 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7401

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 #792

Balance

+61.74

Exports

66.02 ₹ Cr

0.0029% share

— YoY

0.94% of Ch. 74

Imports

4.28 ₹ Cr

0.0001% share

— YoY

0.01% of Ch. 74

FY 2019-20 Exp. Rank #799

Balance

+67.03

Exports

67.11 ₹ Cr

0.0030% share

+1.65% YoY

1.11% of Ch. 74

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−98.13% YoY

0.00% of Ch. 74

FY 2020-21 Exp. Rank #650

Balance

+156.71

Exports

157.37 ₹ Cr

0.0073% share

+134.50% YoY

1.54% of Ch. 74

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+725.00% YoY

0.00% of Ch. 74

FY 2021-22 Exp. Rank #744

Balance

+124.45

Exports

125.53 ₹ Cr

0.0040% share

−20.23% YoY

0.73% of Ch. 74

Imports

1.08 ₹ Cr

0.0000% share

+63.64% YoY

0.00% of Ch. 74

FY 2022-23 Exp. Rank #759

Balance

+134.03

Exports

134.84 ₹ Cr

0.0037% share

+7.42% YoY

1.00% of Ch. 74

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−25.00% YoY

0.00% of Ch. 74

FY 2023-24 Exp. Rank #769

Balance

+127.26

Exports

128.22 ₹ Cr

0.0035% share

−4.91% YoY

0.67% of Ch. 74

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+18.52% YoY

0.00% of Ch. 74

FY 2024-25 Exp. Rank #626

Balance

+287.84

Exports

293.85 ₹ Cr

0.0079% share

+129.18% YoY

1.67% of Ch. 74

Imports

6.01 ₹ Cr

0.0001% share

+526.04% YoY

0.01% of Ch. 74

CAGR · 7-Year

Exports

28.26% /yr

Imports

5.82% /yr

Consistently Surplus
Chapter 74 total

reference, FY 2024-25

Export

₹17,551.94 Cr

Import

₹90,850.32 Cr

Trade Balance

−73,298.38

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

Key Trade Insights: HSN Sub-Chapter 7401 Export-Import Analysis

Consistent Export Growth: 28.26% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7401 have grown at a compound annual rate of 28.26% over 7 fiscal years, rising from ₹66.02 Crore in FY 2018-19 to ₹293.85 Crore in FY 2024-25.

HSN Sub-Chapter 7401 Ranked #626 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7401 ranks #626 out of 1233 subchapters by total export value. Within Chapter 74, it ranks #12 of 16. By trade surplus, it ranks #301 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 7401 Exports

The strongest single-year export movement for HSN Sub-Chapter 7401 was recorded in FY 2020-21, when exports surged by 134.50% over the prior year.

India Maintains a Trade Surplus of ₹287.84 Crore in HSN Sub-Chapter 7401 Goods

In FY 2024-25, India's exports of ₹293.85 Cr exceeded imports of ₹6.01 Cr, resulting in a trade surplus of ₹287.84 Crore — ranking #301 of 1233 by surplus magnitude.

Import Growth of 5.82% CAGR Signals Stable Import Dependency for Copper mattes; cement copper

India's imports under HSN Sub-Chapter 7401 have grown at 5.82% CAGR, reaching ₹6.01 Crore in FY 2024-25.

HSN Sub-Chapter 7401 Contributes 1.67% of Chapter 74 Exports — Ranked #12

Among the 16 subchapters under Chapter 74, HSN Sub-Chapter 7401 ranks #12 by export value — accounting for 1.67% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #16).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7401 and GST compliance.

What products are classified under HSN 7401

It includes Copper mattes; cement copper

How are warranty replacements of Copper mattes; cement copper handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

Any import/export nuance for Copper mattes; cement copper?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

Does packaging or branding change how GST applies to Copper mattes; cement copper?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Copper mattes; cement copper 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.

Do spares or accessories of Copper mattes; cement copper follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

What misclassification mistakes happen with Copper mattes; cement copper?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

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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