HSN Code 27030010: Peat Not Agglomerated

HSN Code 27030010 represents Peat Not Agglomerated under GST classification. This code helps businesses identify Peat Not Agglomerated correctly for billing, taxation, and trade. With HSN Code 27030010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Peat Not Agglomerated.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 27030010

HSN Code 27030010 relates to the following description.

Description of Goods

Peat (including peat litter), whether or not agglomerated : Peat whether or not compressed into bales, but not agglomerated

Chapter

27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

Sub Chapter

2703 - Peat (including peat litter), whether or not agglomerated

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

See note

CESS note

Rs. 400 per tonne/Nil (If Coal rejects supplied by coal washery, arising out of coal on which compensation cess has been paid and input tax credit thereof has not been availed by any person

What does HSN Code 27030010 not include?

Peat Not Agglomerated does not include products with the following descriptions.

India’s Trade Performance — HSN Code 27030010 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

< ₹1 Crore

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹39 Cr

+73.73% vs FY 2023-24

0.0006% of India’s total imports

Trade Balance

FY 2024-25

−₹39 Cr

Trade Deficit

Surplus rank #10061 of 12657 HSN codes

% of Sub-Chapter 2703

FY 2024-25

57.14%

Share of Sub-Chapter 2703’s total exports in FY 2024-25

Import side: 73.26% of Sub-Chapter 2703’s imports

Rank Within Sub-Chapter 2703

FY 2024-25

#1 of 2

Position by export value among HSN codes in Sub-Chapter 2703

Import-side rank: #1 of 2

At a glance

#10112

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

−100.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

57.14%

Contribution to Sub-Ch. 2703

Share of Sub-Chapter 2703 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 27030010

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

Balance

−10.15

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2703

Imports

10.15 ₹ Cr

0.0003% share

— YoY

85.29% of Sub-Ch. 2703

FY 2019-20

Balance

−13.63

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2703

Imports

13.63 ₹ Cr

0.0004% share

+34.29% YoY

86.48% of Sub-Ch. 2703

FY 2020-21 Exp. Rank #9338

Balance

−23.06

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 2703

Imports

23.14 ₹ Cr

0.0008% share

+69.77% YoY

87.03% of Sub-Ch. 2703

FY 2021-22

Balance

−28.22

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2703

Imports

28.22 ₹ Cr

0.0006% share

+21.95% YoY

81.12% of Sub-Ch. 2703

FY 2022-23 Exp. Rank #10152

Balance

−23.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 2703

Imports

23.44 ₹ Cr

0.0004% share

−16.94% YoY

79.19% of Sub-Ch. 2703

FY 2023-24

Balance

−22.57

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2703

Imports

22.57 ₹ Cr

0.0004% share

−3.71% YoY

75.54% of Sub-Ch. 2703

FY 2024-25 Exp. Rank #10112

Balance

−39.17

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

57.14% of Sub-Ch. 2703

Imports

39.21 ₹ Cr

0.0006% share

+73.73% YoY

73.26% of Sub-Ch. 2703

CAGR · 7-Year

Exports

—

Imports

25.26% /yr

Consistently Deficit
Sub-Chapter 2703 total

reference, FY 2024-25

Export

₹0.07 Cr

Import

₹53.52 Cr

Trade Balance

−53.45

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 27030010 Export-Import Analysis

Export Snapshot for HSN Code 27030010

India exported ₹0.04 Crore worth of Peat Not Agglomerated in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 27030010 Ranked #10112 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 27030010 ranks #10112 out of 12657 HSN codes by total export value. Within Sub-Chapter 2703, it ranks #1 of 2. By trade surplus, it ranks #10061 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 27030010 Exports

The strongest single-year export movement for HSN Code 27030010 was recorded in FY 2021-22, when exports declined by 100.00% over the prior year.

India Records a Trade Deficit of ₹39.17 Crore in HSN Code 27030010 Goods

In FY 2024-25, India's imports of ₹39.21 Cr exceeded exports of ₹0.04 Cr, resulting in a trade deficit of ₹39.17 Crore — ranking #10061 of 12657 by surplus magnitude.

Import Growth of 25.26% CAGR Signals Rising Demand for Peat Not Agglomerated

India's imports under HSN Code 27030010 have grown at 25.26% CAGR, reaching ₹39.21 Crore in FY 2024-25.

HSN Code 27030010 Contributes 57.14% of Sub-Chapter 2703 Exports — Ranked #1

Among the 2 HSN codes under Sub-Chapter 2703, HSN Code 27030010 ranks #1 by export value — accounting for 57.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 73.26% share (rank #1).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 27030010 and GST compliance.

What products are classified under HSN 27030010 ?

It includes Peat Not Agglomerated

Can we claim ITC on inputs used to trade Peat Not Agglomerated?

If your outward supply is taxable (5%/12% etc.), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Peat Not Agglomerated?

Generate an e‑way bill if the consignment value exceeds ₹50,000 (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Does packaging or labelling change the GST for Peat Not Agglomerated?

For many agri/food items, GST applies at 5% when they are not fresh/chilled and are sold as pre‑packaged & labelled. Loose or fresh/chilled forms may be Nil.

Any common misclassification issue with Peat Not Agglomerated?

Use the exact HSN and the correct form (fresh/chilled vs. frozen/dried; PPL vs. not). Apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Peat Not Agglomerated is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Peat Not Agglomerated; Nil for exempt items if applicable).

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.