HSN Code 74020010 provides the tax classification for Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper under Chapter 74 – Copper And Articles Thereof of the GST tariff. Businesses dealing in Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. The recognized unit of measurement is kg..
HSN Codes under Chapter 74 – Copper And Articles Thereof
Below are related HSN codes from Chapter 74 – Copper And Articles Thereof for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Copper And Articles Thereof... | 74010010 | Copper Mattes; Cement Copper (Precipitated Copper)... | 9.00% | 9.00% | 18.00% |
| Copper And Articles Thereof... | 74010090 | Copper Mattes; Cement Copper (Precipitated Copper)... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74011000 | Copper Mattes; Cement Copper (Precipitated Copper)... | N.a. | N.a. | N.a. |
| Copper And Articles Thereof... | 74012000 | Copper Mattes; Cement Copper (Precipitated Copper)... | N.a. | N.a. | N.a. |
| Copper And Articles Thereof... | 74020090 | Unrefined Copper; Copper Anodes For Electrolytic R... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031100 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031200 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031300 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031900 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74032100 | Refined Copper And Copper Alloys, Unwrought - Copp... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 74020010
The tax structure for Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper under HSN Code 74020010 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 74 – Copper And Articles Thereof.
Who Should Use HSN Code 74020010?
Traders, manufacturers, and importers of Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper are required to mention HSN Code 74020010 on all GST documents. This Copper And Articles Thereof classification under Chapter 74 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Commencing trade in Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper? Secure GST registration to handle taxes on HSN 74020010 classified goods. Businesses with international operations in Copper And Articles Thereof need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Proper use of HSN Code 74020010 for Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 74 – Copper And Articles Thereof through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 74020010 should I mention on invoices?
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 74020010 for accurate classification of Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper.
Can I claim input tax credit on Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper purchases?
Yes, registered businesses can claim input tax credit on Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper purchases made under HSN 74020010. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 74020010?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper domestically?
No, Import Export Code is only required if you plan to import or export Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Blister Copper internationally. For domestic trade within Copper And Articles Thereof, GST registration is sufficient.
