---
title: "2703 HSN Code | HSN Code for Peat products in India"
description: "Know more about 2703 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2703 covering Peat products."
canonical: "https://busy.in/hsn/sub-chapter-2703/"
---

# HSN Sub-chapter 2703: Peat products

Peat (including peat litter), whether or not agglomerated

Part of [Chapter 27: Bituminous Substances, Mineral fuel & Oils](https://busy.in/hsn/chapter-27/).

- Current GST rate: 40%
- Earlier GST rate: 5%

## HSN codes

| Code | Title |
| --- | --- |
| 27030010 | [Peat Not Agglomerated](https://busy.in/hsn/hsn-27030010/) |
| 27030090 | [Other Peat Products](https://busy.in/hsn/hsn-27030090/) |

## Frequently asked questions

### What products are classified under HSN 2703

It includes Peat products

### Does MRP, weight or pack size change GST treatment for Peat products?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

### Any import/export nuance for Peat products?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

### What should my invoice and records include for Peat products?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

### Does packaging or branding change how GST applies to Peat products?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Peat products is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

### How should I document Peat products sent for job work?

Use a delivery challan for sending Peat products to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

## India's trade performance: HSN Sub-Chapter 2703 (FY 2024-25)

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

- Exports: < ₹1 Crore (+600.00% YoY) — 0.0000% of India's total exports
- Imports: ₹54 Cr (+79.12% YoY) — 0.0009% of India's total imports
- Trade balance: −₹53 Cr (Deficit); surplus rank #682 of 1233 sub-chapters
- Share of Chapter 27: 0.00% of its exports; import side 0.00%
- Rank within Chapter 27: #14 of 16 by export value; import-side #11

### Key metrics

- Export CAGR: 23.22% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #1186 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +600.00% in FY 2024-25
- Contribution to Ch. 27: 0.00% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 2703

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 Ch. 27 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 27 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.00% | 11.90 | 0.0003% | — | 0.00% | −11.88 | #1197 |
| FY 2019-20 | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | 15.76 | 0.0005% | +32.44% | 0.00% | −15.74 | #1187 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | +300.00% | 0.00% | 26.59 | 0.0009% | +68.72% | 0.00% | −26.51 | #1178 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | +112.50% | 0.00% | 34.79 | 0.0008% | +30.84% | 0.00% | −34.62 | #1169 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | −88.24% | 0.00% | 29.60 | 0.0005% | −14.92% | 0.00% | −29.58 | #1197 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | −50.00% | 0.00% | 29.88 | 0.0005% | +0.95% | 0.00% | −29.87 | #1206 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | +600.00% | 0.00% | 53.52 | 0.0009% | +79.12% | 0.00% | −53.45 | #1186 |

- CAGR (7-year): exports 23.22%/yr, imports 28.48%/yr (consistently Deficit)

## Key trade insights: HSN Sub-Chapter 2703 export-import analysis

### Consistent export growth: 23.22% CAGR over 7 years

India's exports under HSN Sub-Chapter 2703 have grown at a compound annual rate of 23.22% over 7 fiscal years, rising from ₹0.02 Crore in FY 2018-19 to ₹0.07 Crore in FY 2024-25.

### HSN Sub-Chapter 2703 ranked #1186 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 2703 ranks #1186 out of 1233 sub-chapters by total export value. Within Chapter 27, it ranks #14 of 16. By trade surplus, it ranks #682 of 1233.

### FY 2024-25 was the strongest growth year for HSN Sub-Chapter 2703 exports

The strongest single-year export movement for HSN Sub-Chapter 2703 was recorded in FY 2024-25, when exports surged by 600.00% over the prior year.

### India records a trade deficit of ₹53.45 Crore in HSN Sub-Chapter 2703 goods

In FY 2024-25, India's imports of ₹53.52 Cr exceeded exports of ₹0.07 Cr, resulting in a trade deficit of ₹53.45 Crore — ranking #682 of 1233 by surplus magnitude.

### Import growth of 28.48% CAGR signals rising demand for Peat products

India's imports under HSN Sub-Chapter 2703 have grown at 28.48% CAGR, reaching ₹53.52 Crore in FY 2024-25.

### HSN Sub-Chapter 2703 contributes 0.00% of Chapter 27 exports — ranked #14

Among the 16 sub-chapters under Chapter 27, HSN Sub-Chapter 2703 ranks #14 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #11).

## Related Sub-Chapters in Chapter 27

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 2710: Petroleum oils, bituminous minerals](https://busy.in/hsn/sub-chapter-2710/) | ₹5,28,097 Cr |
| #2 | [HSN Sub-Chapter 2707: High-temperature coal tar products](https://busy.in/hsn/sub-chapter-2707/) | ₹18,089 Cr |
| #3 | [HSN Sub-Chapter 2716: Electrical energy](https://busy.in/hsn/sub-chapter-2716/) | ₹9,588 Cr |
| #4 | [HSN Sub-Chapter 2711: Petroleum gases, gaseous hydrocarbons](https://busy.in/hsn/sub-chapter-2711/) | ₹3,796 Cr |
| #5 | [HSN Sub-Chapter 2713: Petroleum residues & bitumen](https://busy.in/hsn/sub-chapter-2713/) | ₹2,275 Cr |
| #6 | [HSN Sub-Chapter 2701: Coal briquettes](https://busy.in/hsn/sub-chapter-2701/) | ₹1,835 Cr |
| #7 | [HSN Sub-Chapter 2712: Mineral waxes](https://busy.in/hsn/sub-chapter-2712/) | ₹989 Cr |
| #8 | [HSN Sub-Chapter 2708: Pitch and pitch coke](https://busy.in/hsn/sub-chapter-2708/) | ₹839 Cr |
| #9 | [HSN Sub-Chapter 2704: Coal coke & semi-coke](https://busy.in/hsn/sub-chapter-2704/) | ₹345 Cr |
| #10 | [HSN Sub-Chapter 2715: Bituminous Mixtures](https://busy.in/hsn/sub-chapter-2715/) | ₹47 Cr |
| #14 | HSN Sub-Chapter 2703: Peat products (this hsn sub-chapter) | < ₹1 Crore |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 2701 | [Coal briquettes](https://busy.in/hsn/sub-chapter-2701/) |
| 2702 | [Lignite: Not Agglomerated](https://busy.in/hsn/sub-chapter-2702/) |
| 2704 | [Coal coke & semi-coke](https://busy.in/hsn/sub-chapter-2704/) |
| 2705 | [Non-petroleum gases](https://busy.in/hsn/sub-chapter-2705/) |
| 2706 | [Coal Tar Distillates](https://busy.in/hsn/sub-chapter-2706/) |
| 2707 | [High-temperature coal tar products](https://busy.in/hsn/sub-chapter-2707/) |
| 2708 | [Pitch and pitch coke](https://busy.in/hsn/sub-chapter-2708/) |
| 2709 | [Crude petroleum oils](https://busy.in/hsn/sub-chapter-2709/) |
| 2710 | [Petroleum oils, bituminous minerals](https://busy.in/hsn/sub-chapter-2710/) |
| 2711 | [Petroleum gases, gaseous hydrocarbons](https://busy.in/hsn/sub-chapter-2711/) |
| 2712 | [Mineral waxes](https://busy.in/hsn/sub-chapter-2712/) |
| 2713 | [Petroleum residues & bitumen](https://busy.in/hsn/sub-chapter-2713/) |
| 2714 | [Natural bitumen & asphalt4](https://busy.in/hsn/sub-chapter-2714/) |
| 2715 | [Bituminous Mixtures](https://busy.in/hsn/sub-chapter-2715/) |
| 2716 | [Electrical energy](https://busy.in/hsn/sub-chapter-2716/) |