HSN Code 74020090 provides the tax classification for Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Other 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 : Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. 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... | 74020010 | Unrefined Copper; Copper Anodes For Electrolytic R... | 9.00% | 9.00% | 18.00% |
| 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 74020090
Tax liability for Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Other under HSN 74020090 varies by transaction geography. CGST at 0.09 combined with SGST/UTGST at 0.09 applies to local sales. Interstate movement attracts IGST at 0.18. All billing for Chapter 74 – Copper And Articles Thereof products must use kg..
Who Should Use HSN Code 74020090?
Manufacturers, wholesalers, retailers, and exporters dealing in Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Other are required to mention HSN 74020090 on all tax documents. This classification under Copper And Articles Thereof applies to businesses of all sizes operating within Chapter 74. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Other? GST registration is mandatory for collecting and remitting taxes on HSN 74020090 goods. Companies planning international trade within Copper And Articles Thereof must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Using HSN Code 74020090 accurately for Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Other avoids compliance issues and facilitates credit claims. Monitor changes to 0.09, 0.09, and 0.18 rates for Chapter 74 – Copper And Articles Thereof to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
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 74020090 for accurate classification of Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Other.
Yes, registered businesses can claim input tax credit on Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Other purchases made under HSN 74020090. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Unrefined Copper; Copper Anodes For Electrolytic Refining - Unrefined Copper; Copper Anodes For Electrolytic Refining : Other is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.
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 : Other internationally. For domestic trade within Copper And Articles Thereof, GST registration is sufficient.