HSN Code 27071000: Benzol (Benzene)

HSN Code 27071000 represents Benzol (Benzene) under GST classification. This code helps businesses identify Benzol (Benzene) correctly for billing, taxation, and trade. With HSN Code 27071000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Benzol (Benzene).

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Description of Goods for HSN Code 27071000

HSN Code 27071000 relates to the following description.

Description of Goods

Benzol (benzene)

Chapter

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

Sub Chapter

2707 - Oils and other products of the distillation of high temperature coal tar similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 27071000 not include?

Benzol (Benzene) does not include products with the following descriptions.

Other aromatic hydrocarbon mixtures of which 65% or more by volume (including losses) distils at 250OC by the ASTM D 86 method

Oils and other products of the distillation of high temperature coal tar similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents phenols

India’s Trade Performance — HSN Code 27071000 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

₹136 Cr

+87.13% vs FY 2023-24

0.0037% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−66.67% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹136 Cr

Trade Surplus

Surplus rank #1389 of 12657 HSN codes

% of Sub-Chapter 2707

FY 2024-25

0.75%

Share of Sub-Chapter 2707’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 2707’s imports

Rank Within Sub-Chapter 2707

FY 2024-25

#3 of 8

Position by export value among HSN codes in Sub-Chapter 2707

Import-side rank: #5 of 8

At a glance

27.95%

Export CAGR

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

#2279

National Export Rank

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

+465.12%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.75%

Contribution to Sub-Ch. 2707

Share of Sub-Chapter 2707 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 27071000

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 #3539

Balance

+30.12

Exports

31.00 ₹ Cr

0.0014% share

YoY

0.70% of Sub-Ch. 2707

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.02% of Sub-Ch. 2707

FY 2019-20 Exp. Rank #5058

Balance

+9.65

Exports

9.65 ₹ Cr

0.0004% share

−68.87% YoY

0.21% of Sub-Ch. 2707

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2707

FY 2020-21 Exp. Rank #7425

Balance

+1.29

Exports

1.29 ₹ Cr

0.0001% share

−86.63% YoY

0.05% of Sub-Ch. 2707

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2707

FY 2021-22 Exp. Rank #5886

Balance

+7.28

Exports

7.29 ₹ Cr

0.0002% share

+465.12% YoY

0.13% of Sub-Ch. 2707

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2707

FY 2022-23 Exp. Rank #5145

Balance

+14.24

Exports

14.24 ₹ Cr

0.0004% share

+95.34% YoY

0.08% of Sub-Ch. 2707

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2707

FY 2023-24 Exp. Rank #3020

Balance

+72.64

Exports

72.67 ₹ Cr

0.0020% share

+410.32% YoY

0.44% of Sub-Ch. 2707

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2707

FY 2024-25 Exp. Rank #2279

Balance

+135.98

Exports

135.99 ₹ Cr

0.0037% share

+87.13% YoY

0.75% of Sub-Ch. 2707

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−66.67% YoY

0.00% of Sub-Ch. 2707

CAGR · 7-Year

Exports

27.95% /yr

Imports

−52.58% /yr

Consistently Surplus
Sub-Chapter 2707 total

reference, FY 2024-25

Export

₹18,088.93 Cr

Import

₹11,258.21 Cr

Trade Balance

+6,830.72

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

Key Trade Insights: HSN Code 27071000 Export-Import Analysis

Consistent Export Growth: 27.95% CAGR Over 7 Years

India's exports under HSN Code 27071000 have grown at a compound annual rate of 27.95% over 7 fiscal years, rising from ₹31.00 Crore in FY 2018-19 to ₹135.99 Crore in FY 2024-25.

HSN Code 27071000 Ranked #2279 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 27071000 ranks #2279 out of 12657 HSN codes by total export value. Within Sub-Chapter 2707, it ranks #3 of 8. By trade surplus, it ranks #1389 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 27071000 Exports

The strongest single-year export movement for HSN Code 27071000 was recorded in FY 2021-22, when exports surged by 465.12% over the prior year.

India Maintains a Trade Surplus of ₹135.98 Crore in HSN Code 27071000 Goods

In FY 2024-25, India's exports of ₹135.99 Cr exceeded imports of ₹0.01 Cr, resulting in a trade surplus of ₹135.98 Crore — ranking #1389 of 12657 by surplus magnitude.

Import Growth of −52.58% CAGR Signals Stable Import Dependency for Benzol (Benzene)

India's imports under HSN Code 27071000 have grown at −52.58% CAGR, reaching ₹0.01 Crore in FY 2024-25.

HSN Code 27071000 Contributes 0.75% of Sub-Chapter 2707 Exports — Ranked #3

Among the 8 HSN codes under Sub-Chapter 2707, HSN Code 27071000 ranks #3 by export value — accounting for 0.75% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 27071000 and GST compliance.

What products are classified under HSN 27071000 ?

It includes Benzol (Benzene)

Do e‑way bill and e‑invoice apply for Benzol (Benzene)?

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.

Can we claim ITC on inputs used to trade Benzol (Benzene)?

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.

How should mixed supplies be billed when Benzol (Benzene) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Benzol (Benzene); Nil for exempt items if applicable).

How much GST applies to Benzol (Benzene)?

Under HSN 27071000, Benzol (Benzene) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

Any common misclassification issue with Benzol (Benzene)?

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.

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.