7402 HSN Code: Unrefined Copper

HSN Sub Chapter 7402 represents Unrefined Copper under GST classification. This code helps businesses identify Unrefined Copper correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7402, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Unrefined Copper.

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New GST Rate for HSN Code 7402

GST Rate for Unrefined Copper under HSN Code 7402. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

74

HSN Code

7402

HSN Description

Unrefined copper; copper anodes for electrolytic refining

New GST Rate

12 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 7402

Following tariff HSN codes fall under Unrefined Copper.

Tariff HSN

74020010

Description

Unrefined copper; copper anodes for electrolytic refining : Blister copper

Tariff HSN

74020090

Description

Unrefined copper; copper anodes for electrolytic refining : Other

India’s Trade Performance — HSN Sub-Chapter 7402 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

< ₹1 Crore

−13.04% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹20,976 Cr

+37.48% vs FY 2023-24

0.3440% of India’s total imports

Trade Balance

FY 2024-25

−₹20,975 Cr

Trade Deficit

Surplus rank #1184 of 1233 subchapters

% of Chapter 74

FY 2024-25

0.00%

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

Import side: 23.09% of Chapter 74’s imports

Rank Within Chapter 74

FY 2024-25

#16 of 16

Position by export value among subchapters in Chapter 74

Import-side rank: #1 of 16

At a glance

2.25%

Export CAGR

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

#1161

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+16,250.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Ch. 74

Share of Chapter 74 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7402

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 #1163

Balance

−5,904.74

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Ch. 74

Imports

5,905.09 ₹ Cr

0.1644% share

— YoY

16.01% of Ch. 74

FY 2019-20 Exp. Rank #1159

Balance

−5,884.26

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−8.57% YoY

0.01% of Ch. 74

Imports

5,884.58 ₹ Cr

0.1754% share

−0.35% YoY

16.30% of Ch. 74

FY 2020-21 Exp. Rank #827

Balance

−7,994.84

Exports

52.32 ₹ Cr

0.0024% share

+16,250.00% YoY

0.51% of Ch. 74

Imports

8,047.16 ₹ Cr

0.2762% share

+36.75% YoY

23.56% of Ch. 74

FY 2021-22 Exp. Rank #553

Balance

−14,052.69

Exports

362.20 ₹ Cr

0.0115% share

+592.28% YoY

2.11% of Ch. 74

Imports

14,414.89 ₹ Cr

0.3154% share

+79.13% YoY

27.41% of Ch. 74

FY 2022-23 Exp. Rank #1165

Balance

−16,461.09

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.92% YoY

0.00% of Ch. 74

Imports

16,461.38 ₹ Cr

0.2863% share

+14.20% YoY

26.88% of Ch. 74

FY 2023-24 Exp. Rank #1167

Balance

−15,256.66

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+58.62% YoY

0.00% of Ch. 74

Imports

15,257.12 ₹ Cr

0.2717% share

−7.32% YoY

19.96% of Ch. 74

FY 2024-25 Exp. Rank #1161

Balance

−20,975.26

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−13.04% YoY

0.00% of Ch. 74

Imports

20,975.66 ₹ Cr

0.3440% share

+37.48% YoY

23.09% of Ch. 74

CAGR · 7-Year

Exports

2.25% /yr

Imports

23.52% /yr

Consistently Deficit
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 7402 Export-Import Analysis

Consistent Export Growth: 2.25% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7402 have grown at a compound annual rate of 2.25% over 7 fiscal years, rising from ₹0.35 Crore in FY 2018-19 to ₹0.40 Crore in FY 2024-25.

HSN Sub-Chapter 7402 Ranked #1161 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7402 ranks #1161 out of 1233 subchapters by total export value. Within Chapter 74, it ranks #16 of 16. By trade surplus, it ranks #1184 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 7402 Exports

The strongest single-year export movement for HSN Sub-Chapter 7402 was recorded in FY 2020-21, when exports surged by 16,250.00% over the prior year.

India Records a Trade Deficit of ₹20,975.26 Crore in HSN Sub-Chapter 7402 Goods

In FY 2024-25, India's imports of ₹20,975.66 Cr exceeded exports of ₹0.40 Cr, resulting in a trade deficit of ₹20,975.26 Crore — ranking #1184 of 1233 by surplus magnitude.

Import Growth of 23.52% CAGR Signals Rising Demand for Unrefined Copper

India's imports under HSN Sub-Chapter 7402 have grown at 23.52% CAGR, reaching ₹20,975.66 Crore in FY 2024-25.

HSN Sub-Chapter 7402 Contributes 0.00% of Chapter 74 Exports — Ranked #16

Among the 16 subchapters under Chapter 74, HSN Sub-Chapter 7402 ranks #16 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 23.09% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7402 and GST compliance.

What products are classified under HSN 7402

It includes Unrefined Copper

Does packaging or branding change how GST applies to Unrefined Copper?

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

What should my invoice and records include for Unrefined Copper?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

How are warranty replacements of Unrefined 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.

How do I bill a kit or combo that includes Unrefined Copper?

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.

What misclassification mistakes happen with Unrefined 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.

Any import/export nuance for Unrefined 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.

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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