Consistent Export Growth: 9.93% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2711 have grown at a compound annual rate of 9.93% over 7 fiscal years, rising from ₹2,151.16 Crore in FY 2018-19 to ₹3,795.98 Crore in FY 2024-25.
HSN Sub Chapter 2711 represents Petroleum gases, gaseous hydrocarbons under GST classification. This code helps businesses identify Petroleum gases, gaseous hydrocarbons correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2711, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Petroleum gases, gaseous hydrocarbons.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Petroleum gases, gaseous hydrocarbons under HSN Code 2711. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Petroleum gases, gaseous hydrocarbons.
Tariff HSN
Description
Liquified : Natural gas
Tariff HSN
Description
Liquified : Propane (Other than Liquefied Propane and Butane mixture, Liquefied Propane, Liquefied Butane and Liquefied Petroleum Gases (LPG) for supply to household domestic consumers
Tariff HSN
Description
Liquified : Propane (Other than Liquefied Propane and Butane mixture, Liquefied Propane, Liquefied Butane and Liquefied Petroleum Gases (LPG) for supply to non-domestic exempted category (NDEC) customers by the Indian Oil Corporation Limited, Hindustan petroleum Corporation Limited or Bharat Petroleum Corporation Limited)
Tariff HSN
Description
Liquified : Butanes (Other than Liquefied Propane and Butane mixture, Liquefied Propane, Liquefied Butane and Liquefied Petroleum Gases (LPG) for supply to household domestic consumers
Tariff HSN
Description
Liquified : Butanes (Other than Liquefied Propane and Butane mixture, Liquefied Propane, Liquefied Butane and Liquefied Petroleum Gases (LPG) for supply to non-domestic exempted category (NDEC) customers by the Indian Oil Corporation Limited, Hindustan petroleum Corporation Limited or Bharat Petroleum Corporation Limited)
Tariff HSN
Description
Liquified : Ethylene, propylene, butylene and butadiene
Tariff HSN
Description
Petroleum gases and other gaseous hydrocarbons - liquified: other
Tariff HSN
Description
Liquified : Other: LPG (for non-automotive purposes) conforming to standard IS 4576
Tariff HSN
Description
Liquified : Other: LPG (for automotive purposes) conforming to standard IS 14861
Tariff HSN
Description
Liquified : Other: Other
Tariff HSN
Description
In gaseous state : Natural gas
Tariff HSN
Description
In gaseous state : Other
India’s Exports
FY 2024-25₹3,796 Cr
0.1025% of India’s total exports
India’s Imports
FY 2024-25₹2,50,108 Cr
4.1014% of India’s total imports
Trade Balance
FY 2024-25−₹2,46,312 Cr
Surplus rank #1207 of 1233 subchapters
% of Chapter 27
FY 2024-250.67%
Share of Chapter 27’s total exports in FY 2024-25
Import side: 13.55% of Chapter 27’s imports
Rank Within Chapter 27
FY 2024-25#4 of 16
Position by export value among subchapters in Chapter 27
Import-side rank: #2 of 16
At a glance
9.93%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#162
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+83.10%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.67%
Contribution to Ch. 27
Share of Chapter 27 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−1,30,565.65
Exports
2,151.16 ₹ Cr
0.0937% share
— YoY
0.64% of Ch. 27
Imports
1,32,716.81 ₹ Cr
3.6958% share
— YoY
11.30% of Ch. 27
Balance
−1,22,016.29
Exports
1,967.87 ₹ Cr
0.0891% share
−8.52% YoY
0.65% of Ch. 27
Imports
1,23,984.16 ₹ Cr
3.6959% share
−6.58% YoY
11.39% of Ch. 27
Balance
−1,13,833.98
Exports
1,922.57 ₹ Cr
0.0894% share
−2.30% YoY
0.97% of Ch. 27
Imports
1,15,756.55 ₹ Cr
3.9726% share
−6.64% YoY
15.70% of Ch. 27
Balance
−1,93,659.78
Exports
3,520.13 ₹ Cr
0.1122% share
+83.10% YoY
0.68% of Ch. 27
Imports
1,97,179.91 ₹ Cr
4.3141% share
+70.34% YoY
13.56% of Ch. 27
Balance
−2,51,972.65
Exports
3,891.15 ₹ Cr
0.1075% share
+10.54% YoY
0.48% of Ch. 27
Imports
2,55,863.80 ₹ Cr
4.4501% share
+29.76% YoY
12.22% of Ch. 27
Balance
−2,05,601.32
Exports
3,140.79 ₹ Cr
0.0868% share
−19.28% YoY
0.43% of Ch. 27
Imports
2,08,742.11 ₹ Cr
3.7170% share
−18.42% YoY
11.51% of Ch. 27
Balance
−2,46,311.81
Exports
3,795.98 ₹ Cr
0.1025% share
+20.86% YoY
0.67% of Ch. 27
Imports
2,50,107.79 ₹ Cr
4.1014% share
+19.82% YoY
13.55% of Ch. 27
CAGR · 7-Year
Exports
9.93% /yr
Imports
11.14% /yr
reference, FY 2024-25
Export
₹5,65,955.29 Cr
Import
₹18,46,145.01 Cr
Trade Balance
−12,80,189.72
India's exports under HSN Sub-Chapter 2711 have grown at a compound annual rate of 9.93% over 7 fiscal years, rising from ₹2,151.16 Crore in FY 2018-19 to ₹3,795.98 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2711 ranks #162 out of 1233 subchapters by total export value. Within Chapter 27, it ranks #4 of 16. By trade surplus, it ranks #1207 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2711 was recorded in FY 2021-22, when exports surged by 83.10% over the prior year.
In FY 2024-25, India's imports of ₹2,50,107.79 Cr exceeded exports of ₹3,795.98 Cr, resulting in a trade deficit of ₹2,46,311.81 Crore — ranking #1207 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2711 have grown at 11.14% CAGR, reaching ₹2,50,107.79 Crore in FY 2024-25.
Among the 16 subchapters under Chapter 27, HSN Sub-Chapter 2711 ranks #4 by export value — accounting for 0.67% of the chapter's total exports in FY 2024-25. On the import side, it holds 13.55% share (rank #2).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 2711 and GST compliance.
It includes Petroleum gases, gaseous hydrocarbons
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Petroleum gases, gaseous hydrocarbons are forward charge. Check the current notifications for any special cases before deciding.
Use a delivery challan for sending Petroleum gases, gaseous hydrocarbons 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.
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Petroleum gases, gaseous hydrocarbons 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.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.