7407 HSN Code: Copper bars, rods & profiles

HSN Sub Chapter 7407 represents Copper bars, rods & profiles under GST classification. This code helps businesses identify Copper bars, rods & profiles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7407, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Copper bars, rods & profiles.

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New GST Rate for HSN Code 7407

GST Rate for Copper bars, rods & profiles under HSN Code 7407. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

74

HSN Code

7407

HSN Description

Copper bars, rods and profiles

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7407

Following tariff HSN codes fall under Copper bars, rods & profiles.

Tariff HSN

74071010

Description

Of refined copper : Electrolytic copper rods or black copper rods

Tariff HSN

74071020

Description

Of refined copper : Other copper rods

Tariff HSN

74071030

Description

Of refined copper : Copper bars (excluding hollow bars)

Tariff HSN

74071040

Description

Of refined copper : Hollow bars of copper

Tariff HSN

74071051

Description

Of refined copper : Profiles : Hollow profiles

Tariff HSN

74071059

Description

Of refined copper : Profiles : Other

Tariff HSN

74071090

Description

Of refined copper : Other

Tariff HSN

74072110

Description

Of copper alloys : Of copper-zinc base alloys (brass) : Bars

Tariff HSN

74072120

Description

Of copper alloys : Of copper-zinc base alloys (brass) : Rods

Tariff HSN

74072130

Description

Of copper alloys : Of copper-zinc base alloys (brass) : Hollow bars

Tariff HSN

74072190

Description

Of copper alloys : Of copper-zinc base alloys (brass) : Other

Tariff HSN

74072210

Description

Copper bars, rods and profiles - of copper alloys : of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : hollow bars

Tariff HSN

74072220

Description

Copper bars, rods and profiles - of copper alloys : of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : bars and rods

Tariff HSN

74072910

Description

Of copper alloys : Other : Rods of bronze and similar alloys

Tariff HSN

74072921

Description

Of copper alloys : Other : Profiles : Hollow

Tariff HSN

74072929

Description

Of copper alloys : Other : Profiles : Other

Tariff HSN

74072990

Description

Of copper alloys : Other : Other

India’s Trade Performance — HSN Sub-Chapter 7407 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

₹702 Cr

+68.66% vs FY 2023-24

0.0190% of India’s total exports

India’s Imports

FY 2024-25

₹1,365 Cr

+10.41% vs FY 2023-24

0.0224% of India’s total imports

Trade Balance

FY 2024-25

−₹664 Cr

Trade Deficit

Surplus rank #908 of 1233 subchapters

% of Chapter 74

FY 2024-25

4.00%

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

Import side: 1.50% of Chapter 74’s imports

Rank Within Chapter 74

FY 2024-25

#7 of 16

Position by export value among subchapters in Chapter 74

Import-side rank: #7 of 16

At a glance

19.28%

Export CAGR

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

#452

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+88.07%

Peak Growth Year

FY 2021-22 · strongest single-year move

4.00%

Contribution to Ch. 74

Share of Chapter 74 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7407

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 #573

Balance

−916.76

Exports

243.73 ₹ Cr

0.0106% share

— YoY

3.48% of Ch. 74

Imports

1,160.49 ₹ Cr

0.0323% share

— YoY

3.15% of Ch. 74

FY 2019-20 Exp. Rank #584

Balance

−657.94

Exports

213.26 ₹ Cr

0.0097% share

−12.50% YoY

3.52% of Ch. 74

Imports

871.20 ₹ Cr

0.0260% share

−24.93% YoY

2.41% of Ch. 74

FY 2020-21 Exp. Rank #627

Balance

−664.41

Exports

175.41 ₹ Cr

0.0082% share

−17.75% YoY

1.72% of Ch. 74

Imports

839.82 ₹ Cr

0.0288% share

−3.60% YoY

2.46% of Ch. 74

FY 2021-22 Exp. Rank #568

Balance

−740.24

Exports

329.89 ₹ Cr

0.0105% share

+88.07% YoY

1.92% of Ch. 74

Imports

1,070.13 ₹ Cr

0.0234% share

+27.42% YoY

2.03% of Ch. 74

FY 2022-23 Exp. Rank #533

Balance

−774.23

Exports

450.91 ₹ Cr

0.0125% share

+36.69% YoY

3.35% of Ch. 74

Imports

1,225.14 ₹ Cr

0.0213% share

+14.49% YoY

2.00% of Ch. 74

FY 2023-24 Exp. Rank #563

Balance

−820.50

Exports

416.13 ₹ Cr

0.0115% share

−7.71% YoY

2.17% of Ch. 74

Imports

1,236.63 ₹ Cr

0.0220% share

+0.94% YoY

1.62% of Ch. 74

FY 2024-25 Exp. Rank #452

Balance

−663.58

Exports

701.83 ₹ Cr

0.0190% share

+68.66% YoY

4.00% of Ch. 74

Imports

1,365.41 ₹ Cr

0.0224% share

+10.41% YoY

1.50% of Ch. 74

CAGR · 7-Year

Exports

19.28% /yr

Imports

2.75% /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 7407 Export-Import Analysis

Consistent Export Growth: 19.28% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7407 have grown at a compound annual rate of 19.28% over 7 fiscal years, rising from ₹243.73 Crore in FY 2018-19 to ₹701.83 Crore in FY 2024-25.

HSN Sub-Chapter 7407 Ranked #452 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7407 ranks #452 out of 1233 subchapters by total export value. Within Chapter 74, it ranks #7 of 16. By trade surplus, it ranks #908 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7407 Exports

The strongest single-year export movement for HSN Sub-Chapter 7407 was recorded in FY 2021-22, when exports surged by 88.07% over the prior year.

India Records a Trade Deficit of ₹663.58 Crore in HSN Sub-Chapter 7407 Goods

In FY 2024-25, India's imports of ₹1,365.41 Cr exceeded exports of ₹701.83 Cr, resulting in a trade deficit of ₹663.58 Crore — ranking #908 of 1233 by surplus magnitude.

Import Growth of 2.75% CAGR Signals Stable Import Dependency for Copper bars, rods & profiles

India's imports under HSN Sub-Chapter 7407 have grown at 2.75% CAGR, reaching ₹1,365.41 Crore in FY 2024-25.

HSN Sub-Chapter 7407 Contributes 4.00% of Chapter 74 Exports — Ranked #7

Among the 16 subchapters under Chapter 74, HSN Sub-Chapter 7407 ranks #7 by export value — accounting for 4.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.50% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7407 and GST compliance.

What products are classified under HSN 7407

It includes Copper bars, rods & profiles

How do I bill a kit or combo that includes Copper bars, rods & profiles?

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.

Any import/export nuance for Copper bars, rods & profiles?

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.

Can reverse charge ever apply to transactions involving Copper bars, rods & profiles?

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

If I repair and return Copper bars, rods & profiles, 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.

Is the composition scheme suitable if I mainly trade Copper bars, rods & profiles?

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.

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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