---
title: "7403 HSN Code | HSN Code for Refined Copper in India"
description: "Know more about 7403 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7403 covering Refined Copper."
canonical: "https://busy.in/hsn/sub-chapter-7403/"
---

# HSN Sub-chapter 7403: Refined Copper

Refined copper and copper alloys, unwrought

Part of [Chapter 74: Copper & Similar Articles](https://busy.in/hsn/chapter-74/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 74031100 | [Copper cathodes](https://busy.in/hsn/hsn-74031100/) |
| 74031200 | [Refined copper : Wire-bars](https://busy.in/hsn/hsn-74031200/) |
| 74031300 | [Refined Copper \| Billets](https://busy.in/hsn/hsn-74031300/) |
| 74031900 | [Refined Copper \| Other](https://busy.in/hsn/hsn-74031900/) |
| 74032100 | [Copper alloys : Copper-zinc base alloys (brass)](https://busy.in/hsn/hsn-74032100/) |
| 74032210 | [Phosphor bronze](https://busy.in/hsn/hsn-74032210/) |
| 74032290 | [Copper-tin base alloys](https://busy.in/hsn/hsn-74032290/) |
| 74032310 | [Copper-Nickel-Zinc Base Alloys (Unwrought)](https://busy.in/hsn/hsn-74032310/) |
| 74032320 | [Copper-Nickel Hollow Bars](https://busy.in/hsn/hsn-74032320/) |
| 74032900 | [Other Copper Alloys](https://busy.in/hsn/hsn-74032900/) |

## Frequently asked questions

### What products are classified under HSN 7403

It includes Refined Copper

### Can I claim ITC on inputs and services used for Refined Copper?

If your outward supply of Refined Copper 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.

### What misclassification mistakes happen with Refined 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.

### What are the e‑way bill and e‑invoice points while moving Refined Copper?

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.

### Any special steps when selling Refined Copper through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

### What should my invoice and records include for Refined 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.

## India's trade performance: HSN Sub-Chapter 7403 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹3,444 Cr (−1.49% YoY) — 0.0930% of India's total exports
- Imports: ₹20,049 Cr (−20.86% YoY) — 0.3288% of India's total imports
- Trade balance: −₹16,605 Cr (Deficit); surplus rank #1178 of 1233 sub-chapters
- Share of Chapter 74: 19.62% of its exports; import side 22.07%
- Rank within Chapter 74: #2 of 16 by export value; import-side #3

### Key metrics

- Export CAGR: 7.79% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #183 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +201.01% in FY 2020-21
- Contribution to Ch. 74: 19.62% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7403

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 74 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 74 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 2,195.46 | 0.0956% | — | 31.35% | 4,420.78 | 0.1231% | — | 11.99% | −2,225.32 | #175 |
| FY 2019-20 | 1,837.10 | 0.0832% | −16.32% | 30.31% | 6,866.15 | 0.2047% | +55.32% | 19.02% | −5,029.05 | #196 |
| FY 2020-21 | 5,529.79 | 0.2571% | +201.01% | 54.17% | 7,923.31 | 0.2719% | +15.40% | 23.20% | −2,393.52 | #69 |
| FY 2021-22 | 8,908.31 | 0.2839% | +61.10% | 51.98% | 9,076.82 | 0.1986% | +14.56% | 17.26% | −168.51 | #60 |
| FY 2022-23 | 3,506.64 | 0.0968% | −60.64% | 26.03% | 11,706.41 | 0.2036% | +28.97% | 19.11% | −8,199.77 | #165 |
| FY 2023-24 | 3,496.09 | 0.0966% | −0.30% | 18.24% | 25,333.03 | 0.4511% | +116.40% | 33.14% | −21,836.94 | #165 |
| FY 2024-25 | 3,443.98 | 0.0930% | −1.49% | 19.62% | 20,048.57 | 0.3288% | −20.86% | 22.07% | −16,604.59 | #183 |

- CAGR (7-year): exports 7.79%/yr, imports 28.66%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 7403 export-import analysis

### Consistent export growth: 7.79% CAGR over 7 years

India's exports under HSN Sub-Chapter 7403 have grown at a compound annual rate of 7.79% over 7 fiscal years, rising from ₹2,195.46 Crore in FY 2018-19 to ₹3,443.98 Crore in FY 2024-25.

### HSN Sub-Chapter 7403 ranked #183 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7403 ranks #183 out of 1233 sub-chapters by total export value. Within Chapter 74, it ranks #2 of 16. By trade surplus, it ranks #1178 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 7403 exports

The strongest single-year export movement for HSN Sub-Chapter 7403 was recorded in FY 2020-21, when exports surged by 201.01% over the prior year.

### India records a trade deficit of ₹16,604.59 Crore in HSN Sub-Chapter 7403 goods

In FY 2024-25, India's imports of ₹20,048.57 Cr exceeded exports of ₹3,443.98 Cr, resulting in a trade deficit of ₹16,604.59 Crore — ranking #1178 of 1233 by surplus magnitude.

### Import growth of 28.66% CAGR signals rising demand for Refined Copper

India's imports under HSN Sub-Chapter 7403 have grown at 28.66% CAGR, reaching ₹20,048.57 Crore in FY 2024-25.

### HSN Sub-Chapter 7403 contributes 19.62% of Chapter 74 exports — ranked #2

Among the 16 sub-chapters under Chapter 74, HSN Sub-Chapter 7403 ranks #2 by export value — accounting for 19.62% of the chapter's total exports in FY 2024-25. On the import side, it holds 22.07% share (rank #3).

## Related Sub-Chapters in Chapter 74

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7408: Copper Wire](https://busy.in/hsn/sub-chapter-7408/) | ₹4,760 Cr |
| #2 | HSN Sub-Chapter 7403: Refined Copper (this hsn sub-chapter) | ₹3,444 Cr |
| #3 | [HSN Sub-Chapter 7419: Other articles of copper](https://busy.in/hsn/sub-chapter-7419/) | ₹2,562 Cr |
| #4 | [HSN Sub-Chapter 7404: Copper waste & scrap](https://busy.in/hsn/sub-chapter-7404/) | ₹1,307 Cr |
| #5 | [HSN Sub-Chapter 7409: Copper sheets and strips](https://busy.in/hsn/sub-chapter-7409/) | ₹1,074 Cr |
| #6 | [HSN Sub-Chapter 7411: Copper Tubes & Pipes](https://busy.in/hsn/sub-chapter-7411/) | ₹1,009 Cr |
| #7 | [HSN Sub-Chapter 7407: Copper bars, rods & profiles](https://busy.in/hsn/sub-chapter-7407/) | ₹702 Cr |
| #8 | [HSN Sub-Chapter 7418: Household copper articles](https://busy.in/hsn/sub-chapter-7418/) | ₹596 Cr |
| #9 | [HSN Sub-Chapter 7412: Copper fittings](https://busy.in/hsn/sub-chapter-7412/) | ₹564 Cr |
| #10 | [HSN Sub-Chapter 7415: Copper or steel fasteners](https://busy.in/hsn/sub-chapter-7415/) | ₹483 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7401 | [Copper mattes; cement copper](https://busy.in/hsn/sub-chapter-7401/) |
| 7402 | [Unrefined Copper](https://busy.in/hsn/sub-chapter-7402/) |
| 7404 | [Copper waste & scrap](https://busy.in/hsn/sub-chapter-7404/) |
| 7405 | [Master Copper Alloys](https://busy.in/hsn/sub-chapter-7405/) |
| 7406 | [Copper powders & flakes](https://busy.in/hsn/sub-chapter-7406/) |
| 7407 | [Copper bars, rods & profiles](https://busy.in/hsn/sub-chapter-7407/) |
| 7408 | [Copper Wire](https://busy.in/hsn/sub-chapter-7408/) |
| 7409 | [Copper sheets and strips](https://busy.in/hsn/sub-chapter-7409/) |
| 7410 | [Copper foil, thin & backed materials](https://busy.in/hsn/sub-chapter-7410/) |
| 7411 | [Copper Tubes & Pipes](https://busy.in/hsn/sub-chapter-7411/) |
| 7412 | [Copper fittings](https://busy.in/hsn/sub-chapter-7412/) |
| 7413 | [Smoking pipes & holders](https://busy.in/hsn/sub-chapter-7413/) |
| 7415 | [Copper or steel fasteners](https://busy.in/hsn/sub-chapter-7415/) |
| 7418 | [Household copper articles](https://busy.in/hsn/sub-chapter-7418/) |
| 7419 | [Other articles of copper](https://busy.in/hsn/sub-chapter-7419/) |