7405 HSN Code: Master Copper Alloys

HSN Sub Chapter 7405 represents Master Copper Alloys under GST classification. This code helps businesses identify Master Copper Alloys correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7405, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Master Copper Alloys.

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New GST Rate for HSN Code 7405

GST Rate for Master Copper Alloys under HSN Code 7405. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

74

HSN Code

7405

HSN Description

Master alloys of copper

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7405

Following tariff HSN codes fall under Master Copper Alloys.

Tariff HSN

74050000

Description

Master alloys of copper

India’s Trade Performance — HSN Sub-Chapter 7405 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

₹43 Cr

+24.32% vs FY 2023-24

0.0012% of India’s total exports

India’s Imports

FY 2024-25

₹41 Cr

+83.70% vs FY 2023-24

0.0007% of India’s total imports

Trade Balance

FY 2024-25

₹2 Cr

Trade Surplus

Surplus rank #502 of 1233 subchapters

% of Chapter 74

FY 2024-25

0.24%

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

Import side: 0.05% of Chapter 74’s imports

Rank Within Chapter 74

FY 2024-25

#14 of 16

Position by export value among subchapters in Chapter 74

Import-side rank: #15 of 16

At a glance

2.63%

Export CAGR

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

#927

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+236.61%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.24%

Contribution to Ch. 74

Share of Chapter 74 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7405

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 #877

Balance

+25.68

Exports

36.78 ₹ Cr

0.0016% share

— YoY

0.53% of Ch. 74

Imports

11.10 ₹ Cr

0.0003% share

— YoY

0.03% of Ch. 74

FY 2019-20 Exp. Rank #874

Balance

+27.88

Exports

39.49 ₹ Cr

0.0018% share

+7.37% YoY

0.65% of Ch. 74

Imports

11.61 ₹ Cr

0.0003% share

+4.59% YoY

0.03% of Ch. 74

FY 2020-21 Exp. Rank #962

Balance

+8.06

Exports

15.98 ₹ Cr

0.0007% share

−59.53% YoY

0.16% of Ch. 74

Imports

7.92 ₹ Cr

0.0003% share

−31.78% YoY

0.02% of Ch. 74

FY 2021-22 Exp. Rank #873

Balance

+32.33

Exports

53.79 ₹ Cr

0.0017% share

+236.61% YoY

0.31% of Ch. 74

Imports

21.46 ₹ Cr

0.0005% share

+170.96% YoY

0.04% of Ch. 74

FY 2022-23 Exp. Rank #901

Balance

+23.37

Exports

47.13 ₹ Cr

0.0013% share

−12.38% YoY

0.35% of Ch. 74

Imports

23.76 ₹ Cr

0.0004% share

+10.72% YoY

0.04% of Ch. 74

FY 2023-24 Exp. Rank #952

Balance

+12.01

Exports

34.58 ₹ Cr

0.0010% share

−26.63% YoY

0.18% of Ch. 74

Imports

22.57 ₹ Cr

0.0004% share

−5.01% YoY

0.03% of Ch. 74

FY 2024-25 Exp. Rank #927

Balance

+1.53

Exports

42.99 ₹ Cr

0.0012% share

+24.32% YoY

0.24% of Ch. 74

Imports

41.46 ₹ Cr

0.0007% share

+83.70% YoY

0.05% of Ch. 74

CAGR · 7-Year

Exports

2.63% /yr

Imports

24.56% /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 7405 Export-Import Analysis

Consistent Export Growth: 2.63% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7405 have grown at a compound annual rate of 2.63% over 7 fiscal years, rising from ₹36.78 Crore in FY 2018-19 to ₹42.99 Crore in FY 2024-25.

HSN Sub-Chapter 7405 Ranked #927 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7405 ranks #927 out of 1233 subchapters by total export value. Within Chapter 74, it ranks #14 of 16. By trade surplus, it ranks #502 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7405 Exports

The strongest single-year export movement for HSN Sub-Chapter 7405 was recorded in FY 2021-22, when exports surged by 236.61% over the prior year.

India Maintains a Trade Surplus of ₹1.53 Crore in HSN Sub-Chapter 7405 Goods

In FY 2024-25, India's exports of ₹42.99 Cr exceeded imports of ₹41.46 Cr, resulting in a trade surplus of ₹1.53 Crore — ranking #502 of 1233 by surplus magnitude.

Import Growth of 24.56% CAGR Signals Rising Demand for Master Copper Alloys

India's imports under HSN Sub-Chapter 7405 have grown at 24.56% CAGR, reaching ₹41.46 Crore in FY 2024-25.

HSN Sub-Chapter 7405 Contributes 0.24% of Chapter 74 Exports — Ranked #14

Among the 16 subchapters under Chapter 74, HSN Sub-Chapter 7405 ranks #14 by export value — accounting for 0.24% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.05% share (rank #15).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7405 and GST compliance.

What products are classified under HSN 7405

It includes Master Copper Alloys

Any special steps when selling Master Copper Alloys 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.

Any import/export nuance for Master Copper Alloys?

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 MRP, weight or pack size change GST treatment for Master Copper Alloys?

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.

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

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 are warranty replacements of Master Copper Alloys 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.

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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