HSN Code 15042020 represents Fish Lipid Oil under GST classification. This code helps businesses identify Fish Lipid Oil correctly for billing, taxation, and trade. With HSN Code 15042020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Fish Lipid Oil.
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HSN Code 15042020 relates to the following description.
Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes
Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified
Fats and oils and their fractions of fish, other than liver oils : Fish lipid oil
6%
6%
12%
0%
Description of Goods
Fats and oils and their fractions of fish, other than liver oils : Fish lipid 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%
Fish Lipid Oil does not include products with the following descriptions.
Fish liver oils and their fractions : Cod liver oil
Fish liver oils and their fractions : Other : Squid liver oil
Fish liver oils and their fractions: Other : Other
Fats and oils and their fractions of fish, other than liver oils : Fish body oil
Fats and oils and their fractions of fish, other than liver oils : Sperm oil
Fats and oils and their fractions of fish, other than liver oils : Other
Fats and oils and their fractions, of marine mammals
Fish liver oils and their fractions : Cod liver oil
Fish liver oils and their fractions : Other : Squid liver oil
Fish liver oils and their fractions: Other : Other
Fats and oils and their fractions of fish, other than liver oils : Fish body oil
Fats and oils and their fractions of fish, other than liver oils : Sperm oil
Fats and oils and their fractions of fish, other than liver oils : Other
Fats and oils and their fractions, of marine mammals
India’s Exports
FY 2024-25₹44 Cr
0.0012% of India’s total exports
India’s Imports
FY 2024-25₹128 Cr
0.0021% of India’s total imports
Trade Balance
FY 2024-25−₹84 Cr
Surplus rank #10655 of 12657 HSN codes
% of Sub-Chapter 1504
FY 2024-2510.87%
Share of Sub-Chapter 1504’s total exports in FY 2024-25
Import side: 62.12% of Sub-Chapter 1504’s imports
Rank Within Sub-Chapter 1504
FY 2024-25#2 of 8
Position by export value among HSN codes in Sub-Chapter 1504
Import-side rank: #1 of 8
At a glance
87.78%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3802
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,473.63%
Peak Growth Year
FY 2023-24 · strongest single-year move
10.87%
Contribution to Sub-Ch. 1504
Share of Sub-Chapter 1504 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−51.52
Exports
1.00 ₹ Cr
0.0000% share
— YoY
1.93% of Sub-Ch. 1504
Imports
52.52 ₹ Cr
0.0015% share
— YoY
81.53% of Sub-Ch. 1504
Balance
−68.44
Exports
3.43 ₹ Cr
0.0002% share
+243.00% YoY
17.02% of Sub-Ch. 1504
Imports
71.87 ₹ Cr
0.0021% share
+36.84% YoY
83.30% of Sub-Ch. 1504
Balance
−54.85
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−74.34% YoY
11.92% of Sub-Ch. 1504
Imports
55.73 ₹ Cr
0.0019% share
−22.46% YoY
77.96% of Sub-Ch. 1504
Balance
−77.63
Exports
2.93 ₹ Cr
0.0001% share
+232.95% YoY
14.26% of Sub-Ch. 1504
Imports
80.56 ₹ Cr
0.0018% share
+44.55% YoY
72.02% of Sub-Ch. 1504
Balance
−46.03
Exports
6.37 ₹ Cr
0.0002% share
+117.41% YoY
0.64% of Sub-Ch. 1504
Imports
52.40 ₹ Cr
0.0009% share
−34.96% YoY
55.37% of Sub-Ch. 1504
Balance
−25.89
Exports
100.24 ₹ Cr
0.0028% share
+1,473.63% YoY
17.49% of Sub-Ch. 1504
Imports
126.13 ₹ Cr
0.0022% share
+140.71% YoY
64.41% of Sub-Ch. 1504
Balance
−83.98
Exports
43.84 ₹ Cr
0.0012% share
−56.27% YoY
10.87% of Sub-Ch. 1504
Imports
127.82 ₹ Cr
0.0021% share
+1.34% YoY
62.12% of Sub-Ch. 1504
CAGR · 7-Year
Exports
87.78% /yr
Imports
15.98% /yr
reference, FY 2024-25
Export
₹403.43 Cr
Import
₹205.76 Cr
Trade Balance
+197.67
India's exports under HSN Code 15042020 have grown at a compound annual rate of 87.78% over 7 fiscal years, rising from ₹1.00 Crore in FY 2018-19 to ₹43.84 Crore in FY 2024-25.
In FY 2024-25, HSN Code 15042020 ranks #3802 out of 12657 HSN codes by total export value. Within Sub-Chapter 1504, it ranks #2 of 8. By trade surplus, it ranks #10655 of 12657.
The strongest single-year export movement for HSN Code 15042020 was recorded in FY 2023-24, when exports surged by 1,473.63% over the prior year.
In FY 2024-25, India's imports of ₹127.82 Cr exceeded exports of ₹43.84 Cr, resulting in a trade deficit of ₹83.98 Crore — ranking #10655 of 12657 by surplus magnitude.
India's imports under HSN Code 15042020 have grown at 15.98% CAGR, reaching ₹127.82 Crore in FY 2024-25.
Among the 8 HSN codes under Sub-Chapter 1504, HSN Code 15042020 ranks #2 by export value — accounting for 10.87% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 62.12% share (rank #1).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 15042020 and GST compliance.
It includes Fish Lipid 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.
Under HSN 15042020, Fish Lipid Oil attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Fish Lipid Oil; Nil for exempt items if applicable).
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.
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.