HSN Code 15042010: Fish Body Oil

HSN Code 15042010 represents Fish Body Oil under GST classification. This code helps businesses identify Fish Body Oil correctly for billing, taxation, and trade. With HSN Code 15042010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Fish Body Oil.

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Description of Goods for HSN Code 15042010

HSN Code 15042010 relates to the following description.

Description of Goods

Fats and oils and their fractions of fish, other than liver oils : Fish body oil

Chapter

15 - Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes

Sub Chapter

1504 - Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 15042010 not include?

Fish Body Oil does not include products with the following descriptions.

HSN Code 15042020

Fats and oils and their fractions of fish, other than liver oils : Fish lipid oil

HSN Code 15042030

Fats and oils and their fractions of fish, other than liver oils : Sperm oil

India’s Trade Performance — HSN Code 15042010 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

₹354 Cr

−25.12% vs FY 2023-24

0.0096% of India’s total exports

India’s Imports

FY 2024-25

₹66 Cr

+4.26% vs FY 2023-24

0.0011% of India’s total imports

Trade Balance

FY 2024-25

₹288 Cr

Trade Surplus

Surplus rank #938 of 12657 HSN codes

% of Sub-Chapter 1504

FY 2024-25

87.69%

Share of Sub-Chapter 1504’s total exports in FY 2024-25

Import side: 31.91% of Sub-Chapter 1504’s imports

Rank Within Sub-Chapter 1504

FY 2024-25

#1 of 8

Position by export value among HSN codes in Sub-Chapter 1504

Import-side rank: #2 of 8

At a glance

38.82%

Export CAGR

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

#1290

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+6,015.38%

Peak Growth Year

FY 2022-23 · strongest single-year move

87.69%

Contribution to Sub-Ch. 1504

Share of Sub-Chapter 1504 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 15042010

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 #2869

Balance

+44.36

Exports

49.43 ₹ Cr

0.0022% share

— YoY

95.61% of Sub-Ch. 1504

Imports

5.07 ₹ Cr

0.0001% share

— YoY

7.87% of Sub-Ch. 1504

FY 2019-20 Exp. Rank #4464

Balance

+8.47

Exports

15.40 ₹ Cr

0.0007% share

−68.84% YoY

76.43% of Sub-Ch. 1504

Imports

6.93 ₹ Cr

0.0002% share

+36.69% YoY

8.03% of Sub-Ch. 1504

FY 2020-21 Exp. Rank #7767

Balance

−9.13

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−94.29% YoY

11.92% of Sub-Ch. 1504

Imports

10.01 ₹ Cr

0.0003% share

+44.44% YoY

14.00% of Sub-Ch. 1504

FY 2021-22 Exp. Rank #4878

Balance

−5.84

Exports

16.12 ₹ Cr

0.0005% share

+1,731.82% YoY

78.44% of Sub-Ch. 1504

Imports

21.96 ₹ Cr

0.0005% share

+119.38% YoY

19.63% of Sub-Ch. 1504

FY 2022-23 Exp. Rank #510

Balance

+951.13

Exports

985.80 ₹ Cr

0.0272% share

+6,015.38% YoY

98.77% of Sub-Ch. 1504

Imports

34.67 ₹ Cr

0.0006% share

+57.88% YoY

36.64% of Sub-Ch. 1504

FY 2023-24 Exp. Rank #1010

Balance

+409.47

Exports

472.45 ₹ Cr

0.0131% share

−52.07% YoY

82.41% of Sub-Ch. 1504

Imports

62.98 ₹ Cr

0.0011% share

+81.66% YoY

32.16% of Sub-Ch. 1504

FY 2024-25 Exp. Rank #1290

Balance

+288.12

Exports

353.78 ₹ Cr

0.0096% share

−25.12% YoY

87.69% of Sub-Ch. 1504

Imports

65.66 ₹ Cr

0.0011% share

+4.26% YoY

31.91% of Sub-Ch. 1504

CAGR · 7-Year

Exports

38.82% /yr

Imports

53.24% /yr

Consistently Surplus
Sub-Chapter 1504 total

reference, FY 2024-25

Export

₹403.43 Cr

Import

₹205.76 Cr

Trade Balance

+197.67

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

Key Trade Insights: HSN Code 15042010 Export-Import Analysis

Consistent Export Growth: 38.82% CAGR Over 7 Years

India's exports under HSN Code 15042010 have grown at a compound annual rate of 38.82% over 7 fiscal years, rising from ₹49.43 Crore in FY 2018-19 to ₹353.78 Crore in FY 2024-25.

HSN Code 15042010 Ranked #1290 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 15042010 ranks #1290 out of 12657 HSN codes by total export value. Within Sub-Chapter 1504, it ranks #1 of 8. By trade surplus, it ranks #938 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 15042010 Exports

The strongest single-year export movement for HSN Code 15042010 was recorded in FY 2022-23, when exports surged by 6,015.38% over the prior year.

India Maintains a Trade Surplus of ₹288.12 Crore in HSN Code 15042010 Goods

In FY 2024-25, India's exports of ₹353.78 Cr exceeded imports of ₹65.66 Cr, resulting in a trade surplus of ₹288.12 Crore — ranking #938 of 12657 by surplus magnitude.

Import Growth of 53.24% CAGR Signals Rising Demand for Fish Body Oil

India's imports under HSN Code 15042010 have grown at 53.24% CAGR, reaching ₹65.66 Crore in FY 2024-25.

HSN Code 15042010 Contributes 87.69% of Sub-Chapter 1504 Exports — Ranked #1

Among the 8 HSN codes under Sub-Chapter 1504, HSN Code 15042010 ranks #1 by export value — accounting for 87.69% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 31.91% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 15042010 and GST compliance.

What products are classified under HSN 15042010 ?

It includes Fish Body Oil

Does packaging or labelling change the GST for Fish Body 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 Body Oil is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Fish Body Oil; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Fish Body 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.

Can we claim ITC on inputs used to trade Fish Body Oil?

If your outward supply is taxable (5%/12% etc.), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Fish Body Oil?

Under HSN 15042010, Fish Body Oil attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

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.