--- title: "HSN Code for M15 Fuel (IS 17076) 1 | HSN 27101241 GST Rate" description: "Find HSN and GST Rates for 27101241 related to M15 Fuel (IS 17076) 1 with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-27101241/" --- # HSN Code 27101241: M15 Fuel (IS 17076) 1 - [Section 05: Guide to HSN Section 05](https://busy.in/hsn/section-05/) - [Chapter 27: Bituminous Substances, Mineral fuel & Oils](https://busy.in/hsn/chapter-27/) - [Sub-chapter 2710: Petroleum oils, bituminous minerals](https://busy.in/hsn/sub-chapter-2710/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than those containing biodiesel and other than waste oils : Light oils and preparations : Motor gasoline conforming to standard IS 2796, IS 17021 or IS 17076: Motor gasoline conforming to standard IS 2796 | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 27101241 ? It includes M15 Fuel (IS 17076) 1 ### How should mixed supplies be billed when M15 Fuel (IS 17076) 1 is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for M15 Fuel (IS 17076) 1; Nil for exempt items if applicable). ### How much GST applies to M15 Fuel (IS 17076) 1? Under HSN 27101241, M15 Fuel (IS 17076) 1 attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with M15 Fuel (IS 17076) 1? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for M15 Fuel (IS 17076) 1? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Does packaging or labelling change the GST for M15 Fuel (IS 17076) 1? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ## India's trade performance: HSN Code 27101241 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹88,679 Cr (−20.32% YoY) — 2.4095% of India's total exports - Imports: ₹2,335 Cr (−66.51% YoY) — 0.0384% of India's total imports - Trade balance: ₹86,344 Cr (Surplus); surplus rank #4 of 12657 HSN codes - Share of Sub-Chapter 2710: 16.79% of its exports; import side 2.86% - Rank within Sub-Chapter 2710: #3 of 65 by export value; import-side #7 ### Key metrics - National export rank: #5 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +226.24% in FY 2021-22 - Contribution to Sub-Ch. 2710: 16.79% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 27101241 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 2710 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2710 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | 26,924.59 | 1.2518% | — | 14.37% | 4,943.42 | 0.1697% | — | 11.58% | +21,981.17 | #5 | | FY 2021-22 | 87,839.21 | 2.7989% | +226.24% | 17.64% | 3,894.32 | 0.0852% | −21.22% | 5.21% | +83,944.89 | #3 | | FY 2022-23 | 1,19,770.13 | 3.3079% | +36.35% | 15.45% | 9,350.83 | 0.1626% | +140.11% | 10.63% | +1,10,419.30 | #4 | | FY 2023-24 | 1,11,294.51 | 3.0760% | −7.08% | 16.11% | 6,972.10 | 0.1242% | −25.44% | 7.98% | +1,04,322.41 | #5 | | FY 2024-25 | 88,679.47 | 2.4095% | −20.32% | 16.79% | 2,335.10 | 0.0384% | −66.51% | 2.86% | +86,344.37 | #5 | ## Key trade insights: HSN Code 27101241 export-import analysis ### Export snapshot for HSN Code 27101241 India exported ₹88,679.47 Crore worth of M15 Fuel (IS 17076) 1 in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 27101241 ranked #5 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 27101241 ranks #5 out of 12657 HSN codes by total export value. Within Sub-Chapter 2710, it ranks #3 of 65. By trade surplus, it ranks #4 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 27101241 exports The strongest single-year export movement for HSN Code 27101241 was recorded in FY 2021-22, when exports surged by 226.24% over the prior year. ### India maintains a trade surplus of ₹86,344.37 Crore in HSN Code 27101241 goods In FY 2024-25, India's exports of ₹88,679.47 Cr exceeded imports of ₹2,335.10 Cr, resulting in a trade surplus of ₹86,344.37 Crore — ranking #4 of 12657 by surplus magnitude. ### HSN Code 27101241 contributes 16.79% of Sub-Chapter 2710 exports — ranked #3 Among the 65 HSN codes under Sub-Chapter 2710, HSN Code 27101241 ranks #3 by export value — accounting for 16.79% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.86% share (rank #7). ## Related HSN Codes in Sub-Chapter 2710 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 27101944: Residual Marine Fuel (IS 16731)](https://busy.in/hsn/hsn-27101944/) | ₹1,64,165 Cr | | #2 | [HSN Code 27101939: Kerosene Type Aviation Fuels](https://busy.in/hsn/hsn-27101939/) | ₹1,28,227 Cr | | #3 | HSN Code 27101241: M15 Fuel (IS 17076) 1 (this hsn code) | ₹88,679 Cr | | #4 | [HSN Code 27101290: Motor Gasoline (IS 2796)](https://busy.in/hsn/hsn-27101290/) | ₹42,658 Cr | | #5 | [HSN Code 27101949: Automotive Diesel (Non-Biodiesel, IS 1460)](https://busy.in/hsn/hsn-27101949/) | ₹39,180 Cr | | #6 | [HSN Code 27101221: Heavy Naphtha](https://busy.in/hsn/hsn-27101221/) | ₹29,287 Cr | | #7 | [HSN Code 27101961: Mineral Oil (Cosmetics, IS 7299)](https://busy.in/hsn/hsn-27101961/) | ₹7,177 Cr | | #8 | [HSN Code 27101953: Fuel oils, Grade MV 2](https://busy.in/hsn/hsn-27101953/) | ₹6,401 Cr | | #9 | [HSN Code 27101959: Fuel oils, Grade HV](https://busy.in/hsn/hsn-27101959/) | ₹6,061 Cr | | #10 | [HSN Code 27101990: Petroleum Oils, Non-Crude, Not Biodiesel](https://busy.in/hsn/hsn-27101990/) | ₹4,051 Cr |