74081990 is the designated HSN classification for Copper Wire - Of Refined Copper : Other : Other, categorized under Chapter 74 – Copper And Articles Thereof in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Copper Wire - Of Refined Copper : Other : Other must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Quantities are measured in kg. for billing purposes.

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... 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

GST Rates for HSN 74081990

Tax liability for Copper Wire - Of Refined Copper : Other : Other under HSN 74081990 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 74081990?

Traders, manufacturers, and importers of Copper Wire - Of Refined Copper : Other : Other are required to mention HSN Code 74081990 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

Starting a business involving Copper Wire - Of Refined Copper : Other : Other? GST registration is mandatory for collecting and remitting taxes on HSN 74081990 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

Accurate HSN Code 74081990 usage for Copper Wire - Of Refined Copper : Other : Other simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 74 – Copper And Articles Thereof to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 74081990?

The standard unit of measurement for Copper Wire - Of Refined Copper : Other : Other under HSN Code 74081990 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 74081990 mandatory for small businesses?

Yes, businesses dealing in Copper Wire - Of Refined Copper : Other : Other must use HSN 74081990 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Copper Wire - Of Refined Copper : Other : Other?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 74081990 for Copper And Articles Thereof goods before invoicing.

Do I need AD Code registration for exporting Copper Wire - Of Refined Copper : Other : Other?

Yes, AD Code registration is required for exporters dealing in Copper Wire - Of Refined Copper : Other : Other under Copper And Articles Thereof. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 74

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