--- title: "HSN Code for Fish liver oils: Squid liver oil | HSN 15041091 GST Rate" description: "Find HSN and GST Rates for 15041091 related to Fish liver oils: Squid liver oil with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-15041091/" --- # HSN Code 15041091: Fish liver oils: Squid liver oil - [Section 03: Guide to HSN Section 03](https://busy.in/hsn/section-03/) - [Chapter 15: Animal or Vegetable Fats, Oils and Their Cleavage Products](https://busy.in/hsn/chapter-15/) - [Sub-chapter 1504: Fish oils & their fractions](https://busy.in/hsn/sub-chapter-1504/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Fish liver oils and their fractions : Other : Squid liver oil | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 15041091 ? It includes Fish liver oils: Squid liver oil ### Any common misclassification issue with Fish liver oils: Squid liver oil? Use the exact HSN and the correct form (fresh/chilled vs. frozen/dried; PPL vs. not). Apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Fish liver oils: Squid liver oil? Generate an e‑way bill if the consignment value exceeds ₹50,000 (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Does packaging or labelling change the GST for Fish liver oils: Squid liver oil? For many agri/food items, GST applies at 5% when they are not fresh/chilled and are sold as pre‑packaged & labelled. Loose or fresh/chilled forms may be Nil. ### How should mixed supplies be billed when Fish liver oils: Squid liver oil is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Fish liver oils: Squid liver oil; Nil for exempt items if applicable). ### How much GST applies to Fish liver oils: Squid liver oil? Under HSN 15041091, Fish liver oils: Squid liver oil attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ## India's trade performance: HSN Code 15041091 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil — 0.0000% of India's total exports - Imports: ₹2 Cr — 0.0000% of India's total imports - Trade balance: −₹2 Cr (Deficit); surplus rank #8122 of 12657 HSN codes - Share of Sub-Chapter 1504: 0.00% of its exports; import side 0.84% ## India export-import trade statistics: HSN Code 15041091 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 1504 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1504 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2024-25 | Nil | 0.0000% | — | 0.00% | 1.72 | 0.0000% | — | 0.84% | −1.72 | — | ## Key trade insights: HSN Code 15041091 export-import analysis ### Export snapshot for HSN Code 15041091 India exported ₹0.00 Crore worth of Fish liver oils: Squid liver oil in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### India records a trade deficit of ₹1.72 Crore in HSN Code 15041091 goods In FY 2024-25, India's imports of ₹1.72 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹1.72 Crore — ranking #8122 of 12657 by surplus magnitude. ## Related HSN Codes in Sub-Chapter 1504 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 15042010: Fish Body Oil](https://busy.in/hsn/hsn-15042010/) | ₹354 Cr | | #2 | [HSN Code 15042020: Fish Lipid Oil](https://busy.in/hsn/hsn-15042020/) | ₹44 Cr | | #3 | [HSN Code 15042090: Other Fish Oils](https://busy.in/hsn/hsn-15042090/) | ₹5 Cr | | #4 | [HSN Code 15041010: Cod liver oil](https://busy.in/hsn/hsn-15041010/) | < ₹1 Crore | | #5 | [HSN Code 15041099: Fish liver oils, other](https://busy.in/hsn/hsn-15041099/) | < ₹1 Crore | | #6 | [HSN Code 15042030: Sperm Oil](https://busy.in/hsn/hsn-15042030/) | < ₹1 Crore | | — | HSN Code 15041091: Fish liver oils: Squid liver oil (this hsn code) | Nil | | — | [HSN Code 15043000: Marine mammal fats](https://busy.in/hsn/hsn-15043000/) | Nil |