HSN Code 28070020: Oleum

HSN Code 28070020 represents Oleum under GST classification. This code helps businesses identify Oleum correctly for billing, taxation, and trade. With HSN Code 28070020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Oleum.

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Description of Goods for HSN Code 28070020

HSN Code 28070020 relates to the following description.

Description of Goods

INORGANIC ACIDS AND INORGANIC OXYGEN COMPOUNDS OF NON-METALS : Sulphuric acid; oleum : Oleum

Chapter

28 - Inorganic chemicals, organic or inorganic compounds of precious metals,of rare-earth metals, of radioactive elements or of isotopes

Sub Chapter

2807 - Sulphuric acid; oleum

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 28070020 not include?

Oleum does not include products with the following descriptions.

HSN Code 28070010

INORGANIC ACIDS AND INORGANIC OXYGEN COMPOUNDS OF NON-METALS : Sulphuric acid; oleum : Sulphuric acid

India’s Trade Performance — HSN Code 28070020 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

₹2 Cr

+20.27% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+500.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹2 Cr

Trade Surplus

Surplus rank #4290 of 12657 HSN codes

% of Sub-Chapter 2807

FY 2024-25

0.45%

Share of Sub-Chapter 2807’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 2807’s imports

Rank Within Sub-Chapter 2807

FY 2024-25

#2 of 2

Position by export value among HSN codes in Sub-Chapter 2807

Import-side rank: #2 of 2

At a glance

56.75%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#7708

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+239.13%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.45%

Contribution to Sub-Ch. 2807

Share of Sub-Chapter 2807 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 28070020

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 Exp. Rank #9103

Balance

+0.09

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.15% of Sub-Ch. 2807

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2807

FY 2019-20 Exp. Rank #9016

Balance

+0.12

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+16.67% YoY

0.31% of Sub-Ch. 2807

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−33.33% YoY

0.00% of Sub-Ch. 2807

FY 2020-21 Exp. Rank #8696

Balance

+0.25

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+85.71% YoY

0.41% of Sub-Ch. 2807

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.00% of Sub-Ch. 2807

FY 2021-22 Exp. Rank #9112

Balance

+0.21

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−11.54% YoY

0.06% of Sub-Ch. 2807

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.00% of Sub-Ch. 2807

FY 2022-23 Exp. Rank #8312

Balance

+0.75

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+239.13% YoY

0.61% of Sub-Ch. 2807

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+50.00% YoY

0.00% of Sub-Ch. 2807

FY 2023-24 Exp. Rank #7869

Balance

+1.47

Exports

1.48 ₹ Cr

0.0000% share

+89.74% YoY

2.25% of Sub-Ch. 2807

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−66.67% YoY

0.00% of Sub-Ch. 2807

FY 2024-25 Exp. Rank #7708

Balance

+1.72

Exports

1.78 ₹ Cr

0.0000% share

+20.27% YoY

0.45% of Sub-Ch. 2807

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+500.00% YoY

0.00% of Sub-Ch. 2807

CAGR · 7-Year

Exports

56.75% /yr

Imports

12.25% /yr

Consistently Surplus
Sub-Chapter 2807 total

reference, FY 2024-25

Export

₹395.16 Cr

Import

₹1,441.71 Cr

Trade Balance

−1,046.55

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

Key Trade Insights: HSN Code 28070020 Export-Import Analysis

Consistent Export Growth: 56.75% CAGR Over 7 Years

India's exports under HSN Code 28070020 have grown at a compound annual rate of 56.75% over 7 fiscal years, rising from ₹0.12 Crore in FY 2018-19 to ₹1.78 Crore in FY 2024-25.

HSN Code 28070020 Ranked #7708 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 28070020 ranks #7708 out of 12657 HSN codes by total export value. Within Sub-Chapter 2807, it ranks #2 of 2. By trade surplus, it ranks #4290 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 28070020 Exports

The strongest single-year export movement for HSN Code 28070020 was recorded in FY 2022-23, when exports surged by 239.13% over the prior year.

India Maintains a Trade Surplus of ₹1.72 Crore in HSN Code 28070020 Goods

In FY 2024-25, India's exports of ₹1.78 Cr exceeded imports of ₹0.06 Cr, resulting in a trade surplus of ₹1.72 Crore — ranking #4290 of 12657 by surplus magnitude.

Import Growth of 12.25% CAGR Signals Rising Demand for Oleum

India's imports under HSN Code 28070020 have grown at 12.25% CAGR, reaching ₹0.06 Crore in FY 2024-25.

HSN Code 28070020 Contributes 0.45% of Sub-Chapter 2807 Exports — Ranked #2

Among the 2 HSN codes under Sub-Chapter 2807, HSN Code 28070020 ranks #2 by export value — accounting for 0.45% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 28070020 and GST compliance.

What products are classified under HSN 28070020 ?

It includes Oleum

Do e‑way bill and e‑invoice apply for Oleum?

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.

Can we claim ITC on inputs used to trade Oleum?

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 Oleum?

Under HSN 28070020, Oleum attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Oleum?

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 Oleum is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Oleum; Nil for exempt items if applicable).

Any common misclassification issue with Oleum?

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.