HS-Code Description
HS Code of 271012 (PETROLEUM OILS AND OILS OBTAINEDFROM BITUMINOUS MINERALS (OTHERTHAN CRUDE) AND PREPARATIONSNOT ELSEWHERE SPECIFIED ORINCLUDED, CONTAINING BY WEIGHT70% OR MORE OF PETROLEUM OILSOR OF OILS OBTAINED FROMBITUMINOUS MINERALS, THESE OILSBEING THE BASIC CONSTITUENTS OFTHE PREPARATIONS OTHER THANTHOSE CONTAINING BIODIESEL AND OTHER THAN W ASTE OILS)

Description:

PETROLEUM OILS AND OILS OBTAINEDFROM BITUMINOUS MINERALS (OTHERTHAN CRUDE) AND PREPARATIONSNOT ELSEWHERE SPECIFIED ORINCLUDED, CONTAINING BY WEIGHT70% OR MORE OF PETROLEUM OILSOR OF OILS OBTAINED FROMBITUMINOUS MINERALS, THESE OILSBEING THE BASIC CONSTITUENTS OFTHE PREPARATIONS OTHER THANTHOSE CONTAINING BIODIESEL AND OTHER THAN W ASTE OILS.

HS codes falls under this category.

Incentives of 271012 (PETROLEUM OILS AND OILS OBTAINEDFROM BITUMINOUS MINERALS (OTHERTHAN CRUDE) AND PREPARATIONSNOT ELSEWHERE SPECIFIED ORINCLUDED, CONTAINING BY WEIGHT70% OR MORE OF PETROLEUM OILSOR OF OILS OBTAINED FROMBITUMINOUS MINERALS, THESE OILSBEING THE BASIC CONSTITUENTS OFTHE PREPARATIONS OTHER THANTHOSE CONTAINING BIODIESEL AND OTHER THAN W ASTE OILS)
HS Codes Duty Drawback Unit Drawback Rate Drawback cap per unit in Rs.
27101211 Duty Drawback
27101212 Duty Drawback
27101213 Duty Drawback
27101219 Duty Drawback
27101220 Duty Drawback
27101290 Duty Drawback

REWARD UNDER MERCHANDISE EXPORTS FROM India SCHEME (MEIS) [AS % ON FOB VALUE OF EXPORTS]

PLEASE NOTE: TOTAL INCENTIVE EQUALS SUM OF MEIS AND DUTY DRAWBACK.FOR INSTANCE, FOR Other FALLING UNDER HS CODE: 150290 INCENTIVES FROM THE GOVERNMENT IS 0.15%.

HS Codes Product Description Reward under MEIS
27101211 Light oils and preparations:Motor Spirit:Special boiling point spirits (other than benzene, toluol) with nominal boiling point range 55-115 0 C -
27101212 Light oils and preparations:Motor Spirit:Special boiling point spirits (other than benzene, benzol, toluene and toluol) with nominal boiling point range 63-70 0 C -
27101213 Light oils and preparations:Motor Spirit:Other special boiling point spirits (other than benzene, benzol, toluene and toluol) -
27101219 Light oils and preparations:Motor Spirit:Other -
27101220 Light oils and preparations:Motor Spirit:Natural gasoline liquid (NGL) -
27101290 Light oils and preparations:Motor Spirit:Other -
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