HSN Code 15050020 represents Crude Wool Grease under GST classification. This code helps businesses identify Crude Wool Grease correctly for billing, taxation, and trade. With HSN Code 15050020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Crude Wool Grease.
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HSN Code 15050020 relates to the following description.
Description of Goods
Wool grease and fatty substances derived therefrom (including lanolin) : Wool grease, crude
Chapter
15 - Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes
Sub Chapter
1505 - wool grease and fatty substances derived
CGST
6%
SGST
6%
IGST
12%
CESS
0%
Crude Wool Grease does not include products with the following descriptions.
Wool grease and fatty substances derived therefrom (including lanolin) : Wool alcohol (including lanolin alcohol)
Wool grease and fatty substances derived therefrom (including lanolin) : Other
India’s Exports
FY 2024-25₹3 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹26 Cr
0.0004% of India’s total imports
Trade Balance
FY 2024-25−₹23 Cr
Surplus rank #9644 of 12657 HSN codes
% of Sub-Chapter 1505
FY 2024-257.85%
Share of Sub-Chapter 1505’s total exports in FY 2024-25
Import side: 50.35% of Sub-Chapter 1505’s imports
Rank Within Sub-Chapter 1505
FY 2024-25#2 of 3
Position by export value among HSN codes in Sub-Chapter 1505
Import-side rank: #1 of 3
At a glance
−1.53%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7312
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+284.38%
Peak Growth Year
FY 2021-22 · strongest single-year move
7.85%
Contribution to Sub-Ch. 1505
Share of Sub-Chapter 1505 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
−0.24
Exports
2.94 ₹ Cr
0.0001% share
— YoY
24.02% of Sub-Ch. 1505
Imports
3.18 ₹ Cr
0.0001% share
— YoY
22.83% of Sub-Ch. 1505
Balance
−6.13
Exports
2.92 ₹ Cr
0.0001% share
−0.68% YoY
20.56% of Sub-Ch. 1505
Imports
9.05 ₹ Cr
0.0003% share
+184.59% YoY
38.43% of Sub-Ch. 1505
Balance
−23.16
Exports
1.60 ₹ Cr
0.0001% share
−45.21% YoY
7.45% of Sub-Ch. 1505
Imports
24.76 ₹ Cr
0.0008% share
+173.59% YoY
58.56% of Sub-Ch. 1505
Balance
−25.04
Exports
6.15 ₹ Cr
0.0002% share
+284.38% YoY
10.74% of Sub-Ch. 1505
Imports
31.19 ₹ Cr
0.0007% share
+25.97% YoY
47.41% of Sub-Ch. 1505
Balance
−25.65
Exports
8.12 ₹ Cr
0.0002% share
+32.03% YoY
17.13% of Sub-Ch. 1505
Imports
33.77 ₹ Cr
0.0006% share
+8.27% YoY
51.92% of Sub-Ch. 1505
Balance
−13.56
Exports
1.33 ₹ Cr
0.0000% share
−83.62% YoY
3.43% of Sub-Ch. 1505
Imports
14.89 ₹ Cr
0.0003% share
−55.91% YoY
33.41% of Sub-Ch. 1505
Balance
−23.19
Exports
2.68 ₹ Cr
0.0001% share
+101.50% YoY
7.85% of Sub-Ch. 1505
Imports
25.87 ₹ Cr
0.0004% share
+73.74% YoY
50.35% of Sub-Ch. 1505
CAGR · 7-Year
Exports
−1.53% /yr
Imports
41.82% /yr
India's exports under HSN Code 15050020 have declined at a compound annual rate of −1.53% over 7 fiscal years, falling from ₹2.94 Crore in FY 2018-19 to ₹2.68 Crore in FY 2024-25.
In FY 2024-25, HSN Code 15050020 ranks #7312 out of 12657 HSN codes by total export value. Within Sub-Chapter 1505, it ranks #2 of 3. By trade surplus, it ranks #9644 of 12657.
The strongest single-year export movement for HSN Code 15050020 was recorded in FY 2021-22, when exports surged by 284.38% over the prior year.
In FY 2024-25, India's imports of ₹25.87 Cr exceeded exports of ₹2.68 Cr, resulting in a trade deficit of ₹23.19 Crore — ranking #9644 of 12657 by surplus magnitude.
India's imports under HSN Code 15050020 have grown at 41.82% CAGR, reaching ₹25.87 Crore in FY 2024-25.
Among the 3 HSN codes under Sub-Chapter 1505, HSN Code 15050020 ranks #2 by export value — accounting for 7.85% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 50.35% 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 15050020 and GST compliance.
It includes Crude Wool Grease
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.
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.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Crude Wool Grease; Nil for exempt items if applicable).
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.