2714 HSN Code: Natural bitumen & asphalt4

HSN Sub Chapter 2714 represents Natural bitumen & asphalt4 under GST classification. This code helps businesses identify Natural bitumen & asphalt4 correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2714, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Natural bitumen & asphalt4.

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New GST Rate for HSN Code 2714

GST Rate for Natural bitumen & asphalt4 under HSN Code 2714. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

27

HSN Code

2714

HSN Description

Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2714

Following tariff HSN codes fall under Natural bitumen & asphalt4.

Tariff HSN

27141000

Description

Bituminous or oil shale and tar sands

Tariff HSN

27149010

Description

Other : Asphalt, natural

Tariff HSN

27149020

Description

Other : Bitumen, natural

Tariff HSN

27149030

Description

Other : Gilsonete

Tariff HSN

27149090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 2714 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

₹24 Cr

−0.45% vs FY 2023-24

0.0007% of India’s total exports

India’s Imports

FY 2024-25

₹52 Cr

+38.72% vs FY 2023-24

0.0009% of India’s total imports

Trade Balance

FY 2024-25

−₹28 Cr

Trade Deficit

Surplus rank #637 of 1233 subchapters

% of Chapter 27

FY 2024-25

0.00%

Share of Chapter 27’s total exports in FY 2024-25

Import side: 0.00% of Chapter 27’s imports

Rank Within Chapter 27

FY 2024-25

#12 of 16

Position by export value among subchapters in Chapter 27

Import-side rank: #12 of 16

At a glance

31.26%

Export CAGR

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

#983

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+199.54%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Ch. 27

Share of Chapter 27 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2714

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 #1060

Balance

−21.83

Exports

4.74 ₹ Cr

0.0002% share

— YoY

0.00% of Ch. 27

Imports

26.57 ₹ Cr

0.0007% share

— YoY

0.00% of Ch. 27

FY 2019-20 Exp. Rank #1050

Balance

−13.18

Exports

4.36 ₹ Cr

0.0002% share

−8.02% YoY

0.00% of Ch. 27

Imports

17.54 ₹ Cr

0.0005% share

−33.99% YoY

0.00% of Ch. 27

FY 2020-21 Exp. Rank #976

Balance

−7.18

Exports

13.06 ₹ Cr

0.0006% share

+199.54% YoY

0.01% of Ch. 27

Imports

20.24 ₹ Cr

0.0007% share

+15.39% YoY

0.00% of Ch. 27

FY 2021-22 Exp. Rank #944

Balance

+3.77

Exports

26.06 ₹ Cr

0.0008% share

+99.54% YoY

0.01% of Ch. 27

Imports

22.29 ₹ Cr

0.0005% share

+10.13% YoY

0.00% of Ch. 27

FY 2022-23 Exp. Rank #1006

Balance

−11.40

Exports

15.83 ₹ Cr

0.0004% share

−39.26% YoY

0.00% of Ch. 27

Imports

27.23 ₹ Cr

0.0005% share

+22.16% YoY

0.00% of Ch. 27

FY 2023-24 Exp. Rank #980

Balance

−13.15

Exports

24.35 ₹ Cr

0.0007% share

+53.82% YoY

0.00% of Ch. 27

Imports

37.50 ₹ Cr

0.0007% share

+37.72% YoY

0.00% of Ch. 27

FY 2024-25 Exp. Rank #983

Balance

−27.78

Exports

24.24 ₹ Cr

0.0007% share

−0.45% YoY

0.00% of Ch. 27

Imports

52.02 ₹ Cr

0.0009% share

+38.72% YoY

0.00% of Ch. 27

CAGR · 7-Year

Exports

31.26% /yr

Imports

11.85% /yr

Consistently Deficit
Chapter 27 total

reference, FY 2024-25

Export

₹5,65,955.29 Cr

Import

₹18,46,145.01 Cr

Trade Balance

−12,80,189.72

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

Key Trade Insights: HSN Sub-Chapter 2714 Export-Import Analysis

Consistent Export Growth: 31.26% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2714 have grown at a compound annual rate of 31.26% over 7 fiscal years, rising from ₹4.74 Crore in FY 2018-19 to ₹24.24 Crore in FY 2024-25.

HSN Sub-Chapter 2714 Ranked #983 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2714 ranks #983 out of 1233 subchapters by total export value. Within Chapter 27, it ranks #12 of 16. By trade surplus, it ranks #637 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 2714 Exports

The strongest single-year export movement for HSN Sub-Chapter 2714 was recorded in FY 2020-21, when exports surged by 199.54% over the prior year.

India Records a Trade Deficit of ₹27.78 Crore in HSN Sub-Chapter 2714 Goods

In FY 2024-25, India's imports of ₹52.02 Cr exceeded exports of ₹24.24 Cr, resulting in a trade deficit of ₹27.78 Crore — ranking #637 of 1233 by surplus magnitude.

Import Growth of 11.85% CAGR Signals Rising Demand for Natural bitumen & asphalt4

India's imports under HSN Sub-Chapter 2714 have grown at 11.85% CAGR, reaching ₹52.02 Crore in FY 2024-25.

HSN Sub-Chapter 2714 Contributes 0.00% of Chapter 27 Exports — Ranked #12

Among the 16 subchapters under Chapter 27, HSN Sub-Chapter 2714 ranks #12 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 #12).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2714 and GST compliance.

What products are classified under HSN 2714

It includes Natural bitumen & asphalt4

Any special steps when selling Natural bitumen & asphalt4 through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

Does packaging or branding change how GST applies to Natural bitumen & asphalt4?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Natural bitumen & asphalt4 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.

What misclassification mistakes happen with Natural bitumen & asphalt4?

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.

Is the composition scheme suitable if I mainly trade Natural bitumen & asphalt4?

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.

How should I document Natural bitumen & asphalt4 sent for job work?

Use a delivery challan for sending Natural bitumen & asphalt4 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.

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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