Grade MV2

Grade MV2 petroleum oil, lubricating base stock

PESO CLEARANCE

HSN 2710 19 53 (Grade MV2) is subject to Petroleum and Explosives Safety Organisation (PESO) licensing under the Petroleum Rules, 2002 administered by the Chief Controller of Explosives. Import is permitted only through ports approved by the Ministry of Shipping in consultation with the Chief Controller and declared as customs ports by the Commissioner of Customs.

What this is

HSN code

2710 19 53

Chapter

27 · Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

Primary regulator

PESO · Petroleum Rules, 2002

Customs documentation

Import licence from PESO
Approved-port declaration to CBIC
Container specification certificate from importer

Applicable Partner Government Agencies

PESOPESO·Petroleum and Explosives Safety Organisation

Compliance steps

1
Obtain a licence from the Chief Controller of Explosives, Petroleum and Explosive Safety Organization (PESO), Nagpur, covering import, transport and storage of the relevant petroleum class before filing the bill of entry. The licence must specify the product class and the quantities to be imported.
Petroleum Rules, 2002 · PESO licensing requirement for Class A/B/C petroleum products
2
Route the consignment exclusively through a port approved by the Ministry of Shipping in consultation with the Chief Controller and declared as a customs port by the Commissioner of Customs. Import by sea or land through any unapproved port is prohibited under the Petroleum Rules, 2002.
Petroleum Rules, 2002 (port approval provisions)
3
Ensure all containers used for storing the imported petroleum product conform to the specifications prescribed in Rules 4, 5 and 6 of the Petroleum Rules, 2002. Non-conforming containers expose the consignment to detention and licence revocation.
Rules 4, 5 and 6 of the Petroleum Rules, 2002

A word of counsel

Grade MV2 petroleum oils fall within the misdeclaration risk profile identified by DRI Alert Circular 02/2020-CI dated 23-04-2020: consignments are sometimes declared as low aromatic white spirit, hydrocarbon solvents, or Industrial Mixture Composition Plus (IMPS) to circumvent PESO licensing requirements. Customs officers are specifically alerted to this misclassification pattern; a misdeclared bill of entry risks seizure, monetary penalty, and criminal liability under the Petroleum Rules, 2002, independently of any duty evasion charge.

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Frequently asked

Does HSN 2710 19 53 require BIS certification?

No, Grade MV2 petroleum oils are not subject to any BIS Quality Control Order. Import is governed by the Petroleum and Explosives Safety Organisation under the Petroleum Rules, 2002, with mandatory PESO licensing and port-of-entry restrictions administered by the Chief Controller of Explosives.

Which ports are approved for import of petroleum products under this tariff line?

Only ports approved by the Ministry of Shipping in consultation with the Chief Controller of Explosives and declared as customs ports by the Commissioner of Customs are permitted; the approved list should be confirmed with PESO and the relevant Commissioner of Customs before vessel booking.

What are the consequences if the product is misdeclared as a hydrocarbon solvent or IMPS?

Misdeclaration as low aromatic white spirit, hydrocarbon solvents, or IMPS triggers seizure of the consignment, monetary penalty, and potential criminal liability under the Petroleum Rules, 2002, as highlighted by DRI Alert Circular 02/2020-CI dated 23-04-2020.

Last verified against gazette notifications: 2026-05-16. Source: PESO / Indian Customs CUSDATA.