HSN Codes chevron_right Section 05 chevron_right Chapter 27 chevron_right Sub Chapter 2709

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2709 HSN Code: Crude petroleum oils

HSN Sub Chapter 2709 represents Crude petroleum oils under GST classification. This code helps businesses identify Crude petroleum oils correctly for billing, taxation, and trade. With HSN Sub Chapter 2709, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Crude petroleum oils.

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New GST Rate for HSN Code 2709

GST Rate for Crude petroleum oils under HSN Code 2709. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.

Chapter No HSN Code HSN Description New GST Rate Old GST Rate
27 2709 Petroleum oils and oils obtained from bituminous minerals, crude 5% 5%

Chapter: 27

Description: Petroleum oils and oils obtained from bituminous minerals, crude

New GST Rate: 5% Old GST Rate: 5%

Tariff HSN Codes under HSN Sub Chapter 2709

Following Tariff HSN code falls under Crude petroleum oils:

Tariff HSN Description
Petroleum oils and oils obtained from bituminous minerals, crude
Petroleum oils and oils obtained from bituminous minerals, crude: Petroleum Crude
Petroleum oils and oils obtained from bituminous minerals, crude: Other
Petroleum oils and oils obtained from bituminous minerals
Petroleum crude

Petroleum oils and oils obtained from bituminous minerals, crude

Petroleum oils and oils obtained from bituminous minerals, crude: Petroleum Crude

Petroleum oils and oils obtained from bituminous minerals, crude: Other

Petroleum oils and oils obtained from bituminous minerals

Petroleum crude

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FAQs for Sub Chapter 2709

What products are classified under HSN 2709

It includes Crude petroleum oils

What misclassification mistakes happen with Crude petroleum oils?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

How should I document Crude petroleum oils sent for job work?

Use a delivery challan for sending Crude petroleum oils 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.

What are the e‑way bill and e‑invoice points while moving Crude petroleum oils?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

Any import/export nuance for Crude petroleum oils?

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.

Is the composition scheme suitable if I mainly trade Crude petroleum oils?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

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.

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