HSN Code 27141000: Oil Shale and Tar Sands

HSN Code 27141000 represents Oil Shale and Tar Sands under GST classification. This code helps businesses identify Oil Shale and Tar Sands correctly for billing, taxation, and trade. With HSN Code 27141000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Oil Shale and Tar Sands.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 27141000

HSN Code 27141000 relates to the following description.

Description of Goods

Bituminous or oil shale and tar sands

Chapter

27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

Sub Chapter

2714 - Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 27141000 not include?

Oil Shale and Tar Sands does not include products with the following descriptions.

India’s Trade Performance — HSN Code 27141000 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

0.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7174 of 12657 HSN codes

% of Sub-Chapter 2714

FY 2024-25

0.00%

Share of Sub-Chapter 2714’s total exports in FY 2024-25

Import side: 0.04% of Sub-Chapter 2714’s imports

At a glance

+1,312.50%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Sub-Ch. 2714

Share of Sub-Chapter 2714 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 27141000

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19

Balance

−0.12

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2714

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.45% of Sub-Ch. 2714

FY 2019-20 Exp. Rank #9220

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

2.06% of Sub-Ch. 2714

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−41.67% YoY

0.40% of Sub-Ch. 2714

FY 2020-21 Exp. Rank #9338

Balance

+0.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−11.11% YoY

0.61% of Sub-Ch. 2714

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.35% of Sub-Ch. 2714

FY 2021-22 Exp. Rank #7870

Balance

+1.04

Exports

1.13 ₹ Cr

0.0000% share

+1,312.50% YoY

4.34% of Sub-Ch. 2714

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+28.57% YoY

0.40% of Sub-Ch. 2714

FY 2022-23

Balance

−0.10

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2714

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+11.11% YoY

0.37% of Sub-Ch. 2714

FY 2023-24 Exp. Rank #10473

Balance

−0.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.04% of Sub-Ch. 2714

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.00% YoY

0.05% of Sub-Ch. 2714

FY 2024-25

Balance

−0.02

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2714

Imports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.04% of Sub-Ch. 2714

CAGR · 7-Year

Exports

Imports

−25.82% /yr

Consistently Deficit
Sub-Chapter 2714 total

reference, FY 2024-25

Export

₹24.24 Cr

Import

₹52.02 Cr

Trade Balance

−27.78

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 27141000 Export-Import Analysis

Export Snapshot for HSN Code 27141000

India exported ₹0.00 Crore worth of Oil Shale and Tar Sands in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

FY 2021-22 Was the Strongest Growth Year for HSN Code 27141000 Exports

The strongest single-year export movement for HSN Code 27141000 was recorded in FY 2021-22, when exports surged by 1,312.50% over the prior year.

India Records a Trade Deficit of ₹0.02 Crore in HSN Code 27141000 Goods

In FY 2024-25, India's imports of ₹0.02 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.02 Crore — ranking #7174 of 12657 by surplus magnitude.

Import Growth of −25.82% CAGR Signals Stable Import Dependency for Oil Shale and Tar Sands

India's imports under HSN Code 27141000 have grown at −25.82% CAGR, reaching ₹0.02 Crore in FY 2024-25.

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 27141000 and GST compliance.

What products are classified under HSN 27141000 ?

It includes Oil Shale and Tar Sands

Does packaging or labelling change the GST for Oil Shale and Tar Sands?

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 Oil Shale and Tar Sands?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Oil Shale and Tar Sands?

Under HSN 27141000, Oil Shale and Tar Sands attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Oil Shale and Tar Sands?

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.

Any common misclassification issue with Oil Shale and Tar Sands?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.