--- title: "HSN Code for Base and Lubricating Oil | HSN 27101971 GST Rate" description: "Find HSN and GST Rates for 27101971 related to Base and Lubricating Oil with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-27101971/" --- # HSN Code 27101971: Base and Lubricating Oil - [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 : Base oil and lubricating oil: Base Oil | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 27101971 ? It includes Base and Lubricating Oil ### How should mixed supplies be billed when Base and Lubricating Oil is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Base and Lubricating Oil; Nil for exempt items if applicable). ### Any common misclassification issue with Base and Lubricating Oil? 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 Base and Lubricating Oil? 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. ### How much GST applies to Base and Lubricating Oil? Under HSN 27101971, Base and Lubricating Oil attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Base and Lubricating Oil? 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 27101971 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹199 Cr (−5.19% YoY) — 0.0054% of India's total exports - Imports: ₹21,342 Cr (+15.29% YoY) — 0.3513% of India's total imports - Trade balance: −₹21,142 Cr (Deficit); surplus rank #12628 of 12657 HSN codes - Share of Sub-Chapter 2710: 0.04% of its exports; import side 26.10% - Rank within Sub-Chapter 2710: #20 of 65 by export value; import-side #2 ### Key metrics - National export rank: #1850 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +145.64% in FY 2021-22 - Contribution to Sub-Ch. 2710: 0.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 27101971 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 | 142.74 | 0.0066% | — | 0.08% | 11,604.93 | 0.3983% | — | 27.18% | −11,462.19 | #1707 | | FY 2021-22 | 350.63 | 0.0112% | +145.64% | 0.07% | 19,684.06 | 0.4307% | +69.62% | 26.34% | −19,333.43 | #1144 | | FY 2022-23 | 386.91 | 0.0107% | +10.35% | 0.05% | 18,723.39 | 0.3257% | −4.88% | 21.29% | −18,336.48 | #1115 | | FY 2023-24 | 210.34 | 0.0058% | −45.64% | 0.03% | 18,510.47 | 0.3296% | −1.14% | 21.18% | −18,300.13 | #1732 | | FY 2024-25 | 199.42 | 0.0054% | −5.19% | 0.04% | 21,341.57 | 0.3513% | +15.29% | 26.10% | −21,142.15 | #1850 | ## Key trade insights: HSN Code 27101971 export-import analysis ### Export snapshot for HSN Code 27101971 India exported ₹199.42 Crore worth of Base and Lubricating Oil in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 27101971 ranked #1850 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 27101971 ranks #1850 out of 12657 HSN codes by total export value. Within Sub-Chapter 2710, it ranks #20 of 65. By trade surplus, it ranks #12628 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 27101971 exports The strongest single-year export movement for HSN Code 27101971 was recorded in FY 2021-22, when exports surged by 145.64% over the prior year. ### India records a trade deficit of ₹21,142.15 Crore in HSN Code 27101971 goods In FY 2024-25, India's imports of ₹21,341.57 Cr exceeded exports of ₹199.42 Cr, resulting in a trade deficit of ₹21,142.15 Crore — ranking #12628 of 12657 by surplus magnitude. ### HSN Code 27101971 contributes 0.04% of Sub-Chapter 2710 exports — ranked #20 Among the 65 HSN codes under Sub-Chapter 2710, HSN Code 27101971 ranks #20 by export value — accounting for 0.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 26.10% share (rank #2). ## 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 | | #20 | HSN Code 27101971: Base and Lubricating Oil (this hsn code) | ₹199 Cr |