--- title: "HSN Code for Fuel oils, Grade MV 1 | HSN 27101952 GST Rate" description: "Find HSN and GST Rates for 27101952 related to Fuel oils, Grade MV 1 with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-27101952/" --- # HSN Code 27101952: Fuel oils, Grade MV 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 : Fuel oils conforming to standard IS 1593: Grade MV 1 | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 27101952 ? It includes Fuel oils, Grade MV 1 ### Does packaging or labelling change the GST for Fuel oils, Grade MV 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. ### Any common misclassification issue with Fuel oils, Grade MV 1? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Fuel oils, Grade MV 1 is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Fuel oils, Grade MV 1; Nil for exempt items if applicable). ### How much GST applies to Fuel oils, Grade MV 1? Under HSN 27101952, Fuel oils, Grade MV 1 attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Fuel oils, Grade MV 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. ## India's trade performance: HSN Code 27101952 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹143 Cr (−71.18% YoY) — 0.0039% of India's total exports - Imports: ₹13 Cr (−67.24% YoY) — 0.0002% of India's total imports - Trade balance: ₹130 Cr (Surplus); surplus rank #1422 of 12657 HSN codes - Share of Sub-Chapter 2710: 0.03% of its exports; import side 0.02% - Rank within Sub-Chapter 2710: #22 of 65 by export value; import-side #28 ### Key metrics - National export rank: #2219 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +93.33% in FY 2021-22 - Contribution to Sub-Ch. 2710: 0.03% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 27101952 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 | 326.58 | 0.0152% | — | 0.17% | 108.22 | 0.0037% | — | 0.25% | +218.36 | #950 | | FY 2021-22 | 631.37 | 0.0201% | +93.33% | 0.13% | 98.02 | 0.0021% | −9.43% | 0.13% | +533.35 | #698 | | FY 2022-23 | 592.75 | 0.0164% | −6.12% | 0.08% | 56.72 | 0.0010% | −42.13% | 0.06% | +536.03 | #805 | | FY 2023-24 | 496.19 | 0.0137% | −16.29% | 0.07% | 39.44 | 0.0007% | −30.47% | 0.05% | +456.75 | #959 | | FY 2024-25 | 143.02 | 0.0039% | −71.18% | 0.03% | 12.92 | 0.0002% | −67.24% | 0.02% | +130.10 | #2219 | ## Key trade insights: HSN Code 27101952 export-import analysis ### Export snapshot for HSN Code 27101952 India exported ₹143.02 Crore worth of Fuel oils, Grade MV 1 in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 27101952 ranked #2219 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 27101952 ranks #2219 out of 12657 HSN codes by total export value. Within Sub-Chapter 2710, it ranks #22 of 65. By trade surplus, it ranks #1422 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 27101952 exports The strongest single-year export movement for HSN Code 27101952 was recorded in FY 2021-22, when exports surged by 93.33% over the prior year. ### India maintains a trade surplus of ₹130.10 Crore in HSN Code 27101952 goods In FY 2024-25, India's exports of ₹143.02 Cr exceeded imports of ₹12.92 Cr, resulting in a trade surplus of ₹130.10 Crore — ranking #1422 of 12657 by surplus magnitude. ### HSN Code 27101952 contributes 0.03% of Sub-Chapter 2710 exports — ranked #22 Among the 65 HSN codes under Sub-Chapter 2710, HSN Code 27101952 ranks #22 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #28). ## 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](https://busy.in/hsn/hsn-27101241/) | ₹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 | | #22 | HSN Code 27101952: Fuel oils, Grade MV 1 (this hsn code) | ₹143 Cr |