---
title: "HSN Code for Machinery: Oil exploration | HSN 98010015 GST Rate"
description: "Find HSN and GST Rates for 98010015 related to Machinery: Oil exploration with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-98010015/"
---

# HSN Code 98010015: Machinery: Oil exploration

- [Section 21: Guide to HSN Section 21](https://busy.in/hsn/section-21/)
- [Chapter 98: Project Imports & Laboratory Chemicals](https://busy.in/hsn/chapter-98/)
- [Sub-chapter 9801: All machinery items](https://busy.in/hsn/sub-chapter-9801/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Machinery : Project for exploration of oil or other minerals | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 98010015 ?

It includes Prepared or Preserved Meat, Fish, Vegetables, Dairy & Fresh Fruits

### How should mixed supplies be billed when Machinery: Oil exploration is sold with other items?

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

### How much GST applies to Machinery: Oil exploration?

Under HSN 98010015, Machinery: Oil exploration attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Machinery: Oil exploration?

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

### Any common misclassification issue with Machinery: Oil exploration?

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: Oil exploration?

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 98010015 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports
- Imports: ₹6 Cr — 0.0001% of India's total imports
- Trade balance: −₹6 Cr (Deficit); surplus rank #8706 of 12657 HSN codes
- Share of Sub-Chapter 9801: 0.00% of its exports; import side 0.06%

### Key metrics

- Peak growth year: +266.67% in FY 2023-24
- Contribution to Sub-Ch. 9801: 0.00% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 98010015

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. 9801 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9801 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | Nil | 0.0000% | — | 0.00% | 98.88 | 0.0028% | — | 0.60% | −98.88 | — |
| FY 2019-20 | Nil | 0.0000% | — | 0.00% | 479.95 | 0.0143% | +385.39% | 3.34% | −479.95 | — |
| FY 2020-21 | Nil | 0.0000% | — | 0.00% | 61.88 | 0.0021% | −87.11% | 0.56% | −61.88 | — |
| FY 2021-22 | Nil | 0.0000% | — | 0.00% | 10.99 | 0.0002% | −82.24% | 0.11% | −10.99 | — |
| FY 2022-23 | < ₹1 Crore | 0.0000% | — | 0.19% | Nil | 0.0000% | −100.00% | 0.00% | +0.03 | #10045 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | +266.67% | 0.51% | Nil | 0.0000% | — | 0.00% | +0.11 | #9729 |
| FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | 5.85 | 0.0001% | — | 0.06% | −5.85 | — |

- CAGR (7-year): exports —/yr, imports -37.58%/yr (consistently Deficit)

## Key trade insights: HSN Code 98010015 export-import analysis

### Export snapshot for HSN Code 98010015

India exported ₹0.00 Crore worth of Machinery: Oil exploration in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

### FY 2023-24 was the strongest growth year for HSN Code 98010015 exports

The strongest single-year export movement for HSN Code 98010015 was recorded in FY 2023-24, when exports surged by 266.67% over the prior year.

### India records a trade deficit of ₹5.85 Crore in HSN Code 98010015 goods

In FY 2024-25, India's imports of ₹5.85 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹5.85 Crore — ranking #8706 of 12657 by surplus magnitude.

### Import growth of -37.58% CAGR signals stable import dependency for Machinery: Oil exploration

India's imports under HSN Code 98010015 have grown at -37.58% CAGR, reaching ₹5.85 Crore in FY 2024-25.

## Related HSN Codes in Sub-Chapter 9801

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 98010011: Looped Pile Fabrics \| Of Man-Made Fibres](https://busy.in/hsn/hsn-98010011/) | ₹14 Cr |
| #2 | [HSN Code 98010030: Spare Parts/Raw Materials for Plant Maintenance](https://busy.in/hsn/hsn-98010030/) | ₹7 Cr |
| #3 | [HSN Code 98010019: Machinery \| For Other Projects](https://busy.in/hsn/hsn-98010019/) | ₹5 Cr |
| #4 | [HSN Code 98010020: Components/raw materials for unit setup](https://busy.in/hsn/hsn-98010020/) | < ₹1 Crore |
| #5 | [HSN Code 98010012: Machinery \| For Irrigation Plant](https://busy.in/hsn/hsn-98010012/) | < ₹1 Crore |
| #6 | [HSN Code 98010013: Machinery \| For Power Project](https://busy.in/hsn/hsn-98010013/) | < ₹1 Crore |
| — | [HSN Code 98010014: Machinery \| For Mining Project](https://busy.in/hsn/hsn-98010014/) | Nil |
| — | HSN Code 98010015: Machinery: Oil exploration (this hsn code) | Nil |