--- title: "HSN Code for Petroleum Oils And Preparations | HSN 27101985 GST Rate" description: "Find HSN and GST Rates for 27101985 related to Petroleum Oils And Preparations with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-27101985/" --- # HSN Code 27101985: Petroleum Oils And Preparations - [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 : Cutting oil, hydraulic oil, industrial white oil, jute batching oil, mineral oil for cosmetic industry, transformer oil: Insulating oil for transformer and circuit-breaker (transformer and circuit-breaker oils) conforming to standard IS 335 or IS 12463 | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 27101985 ? It includes Petroleum Oils And Preparations ### Any common misclassification issue with Petroleum Oils And Preparations? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Petroleum Oils And Preparations? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Petroleum Oils And Preparations? 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. ### Do e‑way bill and e‑invoice apply for Petroleum Oils And Preparations? 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 much GST applies to Petroleum Oils And Preparations? Under HSN 27101985, Petroleum Oils And Preparations attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 27101985 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹21 Cr (−1.02% YoY) — 0.0006% of India's total exports - Imports: ₹2 Cr (+10.13% YoY) — 0.0000% of India's total imports - Trade balance: ₹20 Cr (Surplus); surplus rank #2827 of 12657 HSN codes - Share of Sub-Chapter 2710: 0.00% of its exports; import side 0.00% - Rank within Sub-Chapter 2710: #31 of 65 by export value; import-side #38 ### Key metrics - National export rank: #4782 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +65.62% in FY 2023-24 - Contribution to Sub-Ch. 2710: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 27101985 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 | 9.37 | 0.0004% | — | 0.01% | 11.18 | 0.0004% | — | 0.03% | −1.81 | #5165 | | FY 2021-22 | 10.79 | 0.0003% | +15.15% | 0.00% | 1.36 | 0.0000% | −87.84% | 0.00% | +9.43 | #5378 | | FY 2022-23 | 13.06 | 0.0004% | +21.04% | 0.00% | 1.80 | 0.0000% | +32.35% | 0.00% | +11.26 | #5287 | | FY 2023-24 | 21.63 | 0.0006% | +65.62% | 0.00% | 1.58 | 0.0000% | −12.22% | 0.00% | +20.05 | #4668 | | FY 2024-25 | 21.41 | 0.0006% | −1.02% | 0.00% | 1.74 | 0.0000% | +10.13% | 0.00% | +19.67 | #4782 | ## Key trade insights: HSN Code 27101985 export-import analysis ### Export snapshot for HSN Code 27101985 India exported ₹21.41 Crore worth of Petroleum Oils And Preparations in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 27101985 ranked #4782 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 27101985 ranks #4782 out of 12657 HSN codes by total export value. Within Sub-Chapter 2710, it ranks #31 of 65. By trade surplus, it ranks #2827 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 27101985 exports The strongest single-year export movement for HSN Code 27101985 was recorded in FY 2023-24, when exports surged by 65.62% over the prior year. ### India maintains a trade surplus of ₹19.67 Crore in HSN Code 27101985 goods In FY 2024-25, India's exports of ₹21.41 Cr exceeded imports of ₹1.74 Cr, resulting in a trade surplus of ₹19.67 Crore — ranking #2827 of 12657 by surplus magnitude. ### HSN Code 27101985 contributes 0.00% of Sub-Chapter 2710 exports — ranked #31 Among the 65 HSN codes under Sub-Chapter 2710, HSN Code 27101985 ranks #31 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #38). ## 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 | | #31 | HSN Code 27101985: Petroleum Oils And Preparations (this hsn code) | ₹21 Cr |