7408 HSN Code: Copper Wire

HSN Sub Chapter 7408 represents Copper Wire under GST classification. This code helps businesses identify Copper Wire correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7408, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Copper Wire.

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New GST Rate for HSN Code 7408

GST Rate for Copper Wire under HSN Code 7408. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

74

HSN Code

7408

HSN Description

Copper wire

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7408

Following tariff HSN codes fall under Copper Wire.

Tariff HSN

74081110

Description

Of refined copper : Of which the maximum cross-sectional dimension exceeds 6 mm : Copper weld wire

Tariff HSN

74081190

Description

Of refined copper : Of which the maximum cross-sectional dimension exceeds 6 mm : Other

Tariff HSN

74081910

Description

Of refined copper : Other : Copper weld wire

Tariff HSN

74081920

Description

Of refined copper : Other : Welding wire

Tariff HSN

74081990

Description

Of refined copper : Other : Other

Tariff HSN

74082110

Description

Of copper alloys : Of copper-zinc base alloys (brass) : Of which the maximum cross-sectional dimension exceeds 6 mm

Tariff HSN

74082190

Description

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

Tariff HSN

74082210

Description

Of copper alloys : Of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : Silver plated flattened wire of copper (lametta)

Tariff HSN

74082220

Description

Of copper alloys : Of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : Other of which the maximum cross-sectional dimension exceeds 6 mm

Tariff HSN

74082290

Description

Of copper alloys : Of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : Other

Tariff HSN

74082910

Description

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

Tariff HSN

74082990

Description

Of copper alloys : Other : Other

India’s Trade Performance — HSN Sub-Chapter 7408 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

₹4,760 Cr

−36.37% vs FY 2023-24

0.1285% of India’s total exports

India’s Imports

FY 2024-25

₹12,653 Cr

+29.14% vs FY 2023-24

0.2075% of India’s total imports

Trade Balance

FY 2024-25

−₹7,893 Cr

Trade Deficit

Surplus rank #1139 of 1233 subchapters

% of Chapter 74

FY 2024-25

27.12%

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

Import side: 13.93% of Chapter 74’s imports

Rank Within Chapter 74

FY 2024-25

#1 of 16

Position by export value among subchapters in Chapter 74

Import-side rank: #4 of 16

At a glance

37.14%

Export CAGR

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

#138

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+221.28%

Peak Growth Year

FY 2023-24 · strongest single-year move

27.12%

Contribution to Ch. 74

Share of Chapter 74 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7408

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 #358

Balance

−11,854.80

Exports

715.51 ₹ Cr

0.0312% share

— YoY

10.22% of Ch. 74

Imports

12,570.31 ₹ Cr

0.3500% share

— YoY

34.09% of Ch. 74

FY 2019-20 Exp. Rank #518

Balance

−9,245.49

Exports

308.03 ₹ Cr

0.0139% share

−56.95% YoY

5.08% of Ch. 74

Imports

9,553.52 ₹ Cr

0.2848% share

−24.00% YoY

26.46% of Ch. 74

FY 2020-21 Exp. Rank #450

Balance

−4,383.08

Exports

448.57 ₹ Cr

0.0209% share

+45.63% YoY

4.39% of Ch. 74

Imports

4,831.65 ₹ Cr

0.1658% share

−49.43% YoY

14.15% of Ch. 74

FY 2021-22 Exp. Rank #352

Balance

−6,378.56

Exports

1,061.38 ₹ Cr

0.0338% share

+136.61% YoY

6.19% of Ch. 74

Imports

7,439.94 ₹ Cr

0.1628% share

+53.98% YoY

14.15% of Ch. 74

FY 2022-23 Exp. Rank #225

Balance

−5,392.00

Exports

2,328.47 ₹ Cr

0.0643% share

+119.38% YoY

17.29% of Ch. 74

Imports

7,720.47 ₹ Cr

0.1343% share

+3.77% YoY

12.61% of Ch. 74

FY 2023-24 Exp. Rank #85

Balance

−2,317.22

Exports

7,480.97 ₹ Cr

0.2068% share

+221.28% YoY

39.02% of Ch. 74

Imports

9,798.19 ₹ Cr

0.1745% share

+26.91% YoY

12.82% of Ch. 74

FY 2024-25 Exp. Rank #138

Balance

−7,892.56

Exports

4,760.46 ₹ Cr

0.1285% share

−36.37% YoY

27.12% of Ch. 74

Imports

12,653.02 ₹ Cr

0.2075% share

+29.14% YoY

13.93% of Ch. 74

CAGR · 7-Year

Exports

37.14% /yr

Imports

0.11% /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 7408 Export-Import Analysis

Consistent Export Growth: 37.14% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7408 have grown at a compound annual rate of 37.14% over 7 fiscal years, rising from ₹715.51 Crore in FY 2018-19 to ₹4,760.46 Crore in FY 2024-25.

HSN Sub-Chapter 7408 Ranked #138 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7408 ranks #138 out of 1233 subchapters by total export value. Within Chapter 74, it ranks #1 of 16. By trade surplus, it ranks #1139 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 7408 Exports

The strongest single-year export movement for HSN Sub-Chapter 7408 was recorded in FY 2023-24, when exports surged by 221.28% over the prior year.

India Records a Trade Deficit of ₹7,892.56 Crore in HSN Sub-Chapter 7408 Goods

In FY 2024-25, India's imports of ₹12,653.02 Cr exceeded exports of ₹4,760.46 Cr, resulting in a trade deficit of ₹7,892.56 Crore — ranking #1139 of 1233 by surplus magnitude.

Import Growth of 0.11% CAGR Signals Stable Import Dependency for Copper Wire

India's imports under HSN Sub-Chapter 7408 have grown at 0.11% CAGR, reaching ₹12,653.02 Crore in FY 2024-25.

HSN Sub-Chapter 7408 Contributes 27.12% of Chapter 74 Exports — Ranked #1

Among the 16 subchapters under Chapter 74, HSN Sub-Chapter 7408 ranks #1 by export value — accounting for 27.12% of the chapter's total exports in FY 2024-25. On the import side, it holds 13.93% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7408 and GST compliance.

What products are classified under HSN 7408

It includes Copper Wire

Any special steps when selling Copper Wire 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.

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

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 Copper Wire?

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 Copper Wire?

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.

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

If your outward supply of Copper Wire 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.

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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