--- title: "HSN Code for Machinery/Spindle Oils (IS 493) | HSN 27101978 GST Rate" description: "Find HSN and GST Rates for 27101978 related to Machinery/Spindle Oils (IS 493) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-27101978/" --- # HSN Code 27101978: Machinery/Spindle Oils (IS 493) - [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: Other lubricating oil, conforming to any other BIS Standard | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 27101978 ? It includes Machinery/Spindle Oils (IS 493) ### How much GST applies to Machinery/Spindle Oils (IS 493)? Under HSN 27101978, Machinery/Spindle Oils (IS 493) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Machinery/Spindle Oils (IS 493)? 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 should mixed supplies be billed when Machinery/Spindle Oils (IS 493) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Machinery/Spindle Oils (IS 493); Nil for exempt items if applicable). ### Any common misclassification issue with Machinery/Spindle Oils (IS 493)? 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 Machinery/Spindle Oils (IS 493)? 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 27101978 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹47 Cr (−9.79% YoY) — 0.0013% of India's total exports - Imports: ₹44 Cr (+26.03% YoY) — 0.0007% of India's total imports - Trade balance: ₹4 Cr (Surplus); surplus rank #3914 of 12657 HSN codes - Share of Sub-Chapter 2710: 0.01% of its exports; import side 0.05% - Rank within Sub-Chapter 2710: #27 of 65 by export value; import-side #19 ### Key metrics - National export rank: #3698 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +59.51% in FY 2023-24 - Contribution to Sub-Ch. 2710: 0.01% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 27101978 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 | 28.41 | 0.0013% | — | 0.02% | 135.67 | 0.0047% | — | 0.32% | −107.26 | #3734 | | FY 2021-22 | 42.87 | 0.0014% | +50.90% | 0.01% | 39.91 | 0.0009% | −70.58% | 0.05% | +2.96 | #3580 | | FY 2022-23 | 32.85 | 0.0009% | −23.37% | 0.00% | 27.89 | 0.0005% | −30.12% | 0.03% | +4.96 | #4028 | | FY 2023-24 | 52.40 | 0.0014% | +59.51% | 0.01% | 34.61 | 0.0006% | +24.09% | 0.04% | +17.79 | #3469 | | FY 2024-25 | 47.27 | 0.0013% | −9.79% | 0.01% | 43.62 | 0.0007% | +26.03% | 0.05% | +3.65 | #3698 | ## Key trade insights: HSN Code 27101978 export-import analysis ### Export snapshot for HSN Code 27101978 India exported ₹47.27 Crore worth of Machinery/Spindle Oils (IS 493) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 27101978 ranked #3698 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 27101978 ranks #3698 out of 12657 HSN codes by total export value. Within Sub-Chapter 2710, it ranks #27 of 65. By trade surplus, it ranks #3914 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 27101978 exports The strongest single-year export movement for HSN Code 27101978 was recorded in FY 2023-24, when exports surged by 59.51% over the prior year. ### India maintains a trade surplus of ₹3.65 Crore in HSN Code 27101978 goods In FY 2024-25, India's exports of ₹47.27 Cr exceeded imports of ₹43.62 Cr, resulting in a trade surplus of ₹3.65 Crore — ranking #3914 of 12657 by surplus magnitude. ### HSN Code 27101978 contributes 0.01% of Sub-Chapter 2710 exports — ranked #27 Among the 65 HSN codes under Sub-Chapter 2710, HSN Code 27101978 ranks #27 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.05% share (rank #19). ## 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 | | #27 | HSN Code 27101978: Machinery/Spindle Oils (IS 493) (this hsn code) | ₹47 Cr |