What products are classified under HSN 15071000 ?
It includes Crude oil, whether or not degummed
HSN Code 15071000 represents Crude oil, whether or not degummed under GST classification. This code helps businesses identify Crude oil, whether or not degummed correctly for billing, taxation, and trade. With HSN Code 15071000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Crude oil, whether or not degummed.
HSN Code 15071000 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 15 | Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes | 1507 | therefrom (including lanolin) | Crude oil, whether or not degummed | 2.5% | 2.5% | 5% | 0% |
Crude oil, whether or not degummed does not include products with the following descriptions:
Other : Edible grade
Other : Other
It includes Crude oil, whether or not degummed
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 15071000, Crude oil, whether or not degummed 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 Crude oil, whether or not degummed; 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.
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.
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.