--- title: "HSN Code for Fuel oils, Grade MV 2 | HSN 27101953 GST Rate" description: "Find HSN and GST Rates for 27101953 related to Fuel oils, Grade MV 2 with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-27101953/" --- # HSN Code 27101953: Fuel oils, Grade MV 2 - [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 2 | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 27101953 ? It includes Fuel oils, Grade MV 2 ### Do e‑way bill and e‑invoice apply for Fuel oils, Grade MV 2? 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. ### How should mixed supplies be billed when Fuel oils, Grade MV 2 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 2; Nil for exempt items if applicable). ### Any common misclassification issue with Fuel oils, Grade MV 2? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Fuel oils, Grade MV 2? 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. ### Can we claim ITC on inputs used to trade Fuel oils, Grade MV 2? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 27101953 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹6,401 Cr (−73.05% YoY) — 0.1739% of India's total exports - Imports: ₹392 Cr (+126.23% YoY) — 0.0064% of India's total imports - Trade balance: ₹6,009 Cr (Surplus); surplus rank #55 of 12657 HSN codes - Share of Sub-Chapter 2710: 1.21% of its exports; import side 0.48% - Rank within Sub-Chapter 2710: #8 of 65 by export value; import-side #10 ### Key metrics - National export rank: #72 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +567.01% in FY 2021-22 - Contribution to Sub-Ch. 2710: 1.21% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 27101953 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 | 536.71 | 0.0250% | — | 0.29% | 692.14 | 0.0238% | — | 1.62% | −155.43 | #642 | | FY 2021-22 | 3,579.89 | 0.1141% | +567.01% | 0.72% | 1,097.45 | 0.0240% | +58.56% | 1.47% | +2,482.44 | #122 | | FY 2022-23 | 5,355.69 | 0.1479% | +49.60% | 0.69% | 571.95 | 0.0099% | −47.88% | 0.65% | +4,783.74 | #87 | | FY 2023-24 | 23,750.43 | 0.6564% | +343.46% | 3.44% | 173.18 | 0.0031% | −69.72% | 0.20% | +23,577.25 | #20 | | FY 2024-25 | 6,400.93 | 0.1739% | −73.05% | 1.21% | 391.79 | 0.0064% | +126.23% | 0.48% | +6,009.14 | #72 | ## Key trade insights: HSN Code 27101953 export-import analysis ### Export snapshot for HSN Code 27101953 India exported ₹6,400.93 Crore worth of Fuel oils, Grade MV 2 in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 27101953 ranked #72 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 27101953 ranks #72 out of 12657 HSN codes by total export value. Within Sub-Chapter 2710, it ranks #8 of 65. By trade surplus, it ranks #55 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 27101953 exports The strongest single-year export movement for HSN Code 27101953 was recorded in FY 2021-22, when exports surged by 567.01% over the prior year. ### India maintains a trade surplus of ₹6,009.14 Crore in HSN Code 27101953 goods In FY 2024-25, India's exports of ₹6,400.93 Cr exceeded imports of ₹391.79 Cr, resulting in a trade surplus of ₹6,009.14 Crore — ranking #55 of 12657 by surplus magnitude. ### HSN Code 27101953 contributes 1.21% of Sub-Chapter 2710 exports — ranked #8 Among the 65 HSN codes under Sub-Chapter 2710, HSN Code 27101953 ranks #8 by export value — accounting for 1.21% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.48% share (rank #10). ## 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 (this hsn code) | ₹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 |