7404 HSN Code: Copper waste & scrap

HSN Sub Chapter 7404 represents Copper waste & scrap under GST classification. This code helps businesses identify Copper waste & scrap correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7404, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Copper waste & scrap.

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New GST Rate for HSN Code 7404

GST Rate for Copper waste & scrap under HSN Code 7404. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

74

HSN Code

7404

HSN Description

Copper waste and scrap

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7404

Following tariff HSN codes fall under Copper waste & scrap.

Tariff HSN

74040011

Description

Copper waste and scrap: Of copper : Empty or discharged cartridges of all bores and sizes

Tariff HSN

74040012

Description

Copper waste and scrap: Of copper : Copper scrap, namely the following : copper wire scrap covered by ISRI code words Barley, Berry and Birch; heavy copper scrap covered by ISRI code word Candy;unalloyed copper scrap covered by ISRI code word Cliff; copper wire nodules scrap covered by ISRI code words Clove, Cobra and Cocoa; light copper scrap covered by ISRI Code word Dream; muntz metal tubes covered by ISRI code word 'Palms'; Miscellaneous copper-containing skimming, grindings, ashes, irony brass and copper, residues and slags covered by ISRI code word 'Drove' Copper wire scrap with various types of insultation covered by ISRI code word 'Druid'

Tariff HSN

74040019

Description

Copper waste and scrap: Of copper : Other

Tariff HSN

74040021

Description

Copper waste and scrap: Of copper alloys : Empty or discharged cartridges of all bores and sizes

Tariff HSN

74040022

Description

Copper waste and scrap: Of copper alloys : Brass scrap, namely the following : refinery brass scrap covered by ISRI code word Drink; composition of red brass scrap covered by ISRI code word Ebony; red brass composition turnings scrap covered by ISRI code word Enerv; genuine babbit-lined brass bushings scrap covered by ISRI code word Elder; machinery or hard brass solids scrap covered by ISRI code word Engel; machinery or hand brass solids scrap covered by ISRI code word Erin; cocks and faucets scrap covered by ISRI code word Grape; yellow brass scrap covered by ISRI code word Honey; yellow brass castings covered by ISRI code word Ivory; new brass clippings covered by ISRI code word Label; yellow brass primer covered by ISRI code word Lark; brass pipe covered by ISRI code word Melon; yellow brass rod turnings covered by ISRI code word Night;new yellow brass rod ends covered by ISRI code word Noble; yellow brass turnings covered by ISRI code word Nomad; mixed unsweated auto radiators covered by ISRI code word Ocean; a dmiralty brass condenser tubes covered by ISRI code word Pales; aluminium brass condenser tubes covered by ISRI code word Pallu; manganese bronze solids covered ISRI code word 'Parch''; High Grade – Low Lead Bronze/Brass Solids covered by ISRI cover word Éland''; High lead bronze solids and borings covered by ISRI code word 'Élias''; Clean fired 70/30 brass shell cases free of primers and any other foreign material covered by ISRI code word 'Lace''; Clean fired 70/30 brass shell cases containing the brass primers and containing no ther foreign material covered by ISRI code word 'Lady''; Clean fired 70/30 brass shells free of bullets, iron and any other foreign material covered by ISRI word ''Lake'; Clean muffled (popped)70/30 brass shells free of bullets, iron and any other foreign material covered by ISRI code word 'Lamb'

Tariff HSN

74040023

Description

Copper waste and scrap: Of copper alloys : Nickel silver scrap namely the following: mixed new nickel silver clippings covered by ISRI code word ‘Maize’; new nickel silver clippings covered by ISRI code word ‘Major’; new segregated nickel silver clippings covered by ISRI code word ‘Malar’; old nickel silver clippings covered by ISRI code word ‘Malic’; nickel silver castings covered by ISRI code word ‘Naggy’; nickel silver turnings covered by ISRI code word ‘Niece’

Tariff HSN

74040024

Description

Copper waste and scrap: Of copper alloys : Bronze scrap, including the following:manganese bronze solids covered ISRI code word ‘Parch’; High lead bronze solids and borings covered by ISRI code word ‘Elias’

Tariff HSN

74040025

Description

Copper waste and scrap: Of copper alloys : Copper nickel scrap, including the following: new cupro nickel clips and solids covered by ISRI code word ‘Dandy’; cupro nickel solids covered by ISRI code word ‘Daunt’; soldered cupro-nickel solids covered by ISRI code word ‘Delta’; cupro nickel spinnings, turnings, borings covered by ISRI code word ‘Decoy’;

Tariff HSN

74040029

Description

Copper waste and scrap: Of copper alloys : Other

India’s Trade Performance — HSN Sub-Chapter 7404 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

₹1,307 Cr

+35.43% vs FY 2023-24

0.0353% of India’s total exports

India’s Imports

FY 2024-25

₹20,071 Cr

+44.78% vs FY 2023-24

0.3291% of India’s total imports

Trade Balance

FY 2024-25

−₹18,764 Cr

Trade Deficit

Surplus rank #1182 of 1233 subchapters

% of Chapter 74

FY 2024-25

7.45%

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

Import side: 22.09% of Chapter 74’s imports

Rank Within Chapter 74

FY 2024-25

#4 of 16

Position by export value among subchapters in Chapter 74

Import-side rank: #2 of 16

At a glance

31.88%

Export CAGR

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

#340

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+166.96%

Peak Growth Year

FY 2021-22 · strongest single-year move

7.45%

Contribution to Ch. 74

Share of Chapter 74 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7404

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 #568

Balance

−6,311.98

Exports

248.51 ₹ Cr

0.0108% share

— YoY

3.55% of Ch. 74

Imports

6,560.49 ₹ Cr

0.1827% share

— YoY

17.79% of Ch. 74

FY 2019-20 Exp. Rank #516

Balance

−6,534.58

Exports

308.96 ₹ Cr

0.0140% share

+24.33% YoY

5.10% of Ch. 74

Imports

6,843.54 ₹ Cr

0.2040% share

+4.31% YoY

18.96% of Ch. 74

FY 2020-21 Exp. Rank #492

Balance

−6,525.86

Exports

348.93 ₹ Cr

0.0162% share

+12.94% YoY

3.42% of Ch. 74

Imports

6,874.79 ₹ Cr

0.2359% share

+0.46% YoY

20.13% of Ch. 74

FY 2021-22 Exp. Rank #373

Balance

−10,902.35

Exports

931.52 ₹ Cr

0.0297% share

+166.96% YoY

5.44% of Ch. 74

Imports

11,833.87 ₹ Cr

0.2589% share

+72.13% YoY

22.50% of Ch. 74

FY 2022-23 Exp. Rank #397

Balance

−12,315.79

Exports

909.95 ₹ Cr

0.0251% share

−2.32% YoY

6.76% of Ch. 74

Imports

13,225.74 ₹ Cr

0.2300% share

+11.76% YoY

21.59% of Ch. 74

FY 2023-24 Exp. Rank #386

Balance

−12,897.34

Exports

965.19 ₹ Cr

0.0267% share

+6.07% YoY

5.03% of Ch. 74

Imports

13,862.53 ₹ Cr

0.2468% share

+4.81% YoY

18.14% of Ch. 74

FY 2024-25 Exp. Rank #340

Balance

−18,763.62

Exports

1,307.15 ₹ Cr

0.0353% share

+35.43% YoY

7.45% of Ch. 74

Imports

20,070.77 ₹ Cr

0.3291% share

+44.78% YoY

22.09% of Ch. 74

CAGR · 7-Year

Exports

31.88% /yr

Imports

20.49% /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 7404 Export-Import Analysis

Consistent Export Growth: 31.88% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7404 have grown at a compound annual rate of 31.88% over 7 fiscal years, rising from ₹248.51 Crore in FY 2018-19 to ₹1,307.15 Crore in FY 2024-25.

HSN Sub-Chapter 7404 Ranked #340 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7404 ranks #340 out of 1233 subchapters by total export value. Within Chapter 74, it ranks #4 of 16. By trade surplus, it ranks #1182 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7404 Exports

The strongest single-year export movement for HSN Sub-Chapter 7404 was recorded in FY 2021-22, when exports surged by 166.96% over the prior year.

India Records a Trade Deficit of ₹18,763.62 Crore in HSN Sub-Chapter 7404 Goods

In FY 2024-25, India's imports of ₹20,070.77 Cr exceeded exports of ₹1,307.15 Cr, resulting in a trade deficit of ₹18,763.62 Crore — ranking #1182 of 1233 by surplus magnitude.

Import Growth of 20.49% CAGR Signals Rising Demand for Copper waste & scrap

India's imports under HSN Sub-Chapter 7404 have grown at 20.49% CAGR, reaching ₹20,070.77 Crore in FY 2024-25.

HSN Sub-Chapter 7404 Contributes 7.45% of Chapter 74 Exports — Ranked #4

Among the 16 subchapters under Chapter 74, HSN Sub-Chapter 7404 ranks #4 by export value — accounting for 7.45% of the chapter's total exports in FY 2024-25. On the import side, it holds 22.09% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7404 and GST compliance.

What products are classified under HSN 7404

It includes Copper waste & scrap

Any import/export nuance for Copper waste & scrap?

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.

What misclassification mistakes happen with Copper waste & scrap?

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.

If I repair and return Copper waste & scrap, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Can reverse charge ever apply to transactions involving Copper waste & scrap?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Copper waste & scrap are forward charge. Check the current notifications for any special cases before deciding.

Is the composition scheme suitable if I mainly trade Copper waste & scrap?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Any special steps when selling Copper waste & scrap 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.

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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