--- title: "HSN Code for Extra Virgin Olive Oil | HSN 15092000 GST Rate" description: "Find HSN and GST Rates for 15092000 related to Extra Virgin Olive Oil with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-15092000/" --- # HSN Code 15092000: Extra Virgin Olive 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 1509: Concentrated milk & cream](https://busy.in/hsn/sub-chapter-1509/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Extra virgin olive oil | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 15092000 ? It includes Extra Virgin Olive Oil ### Do e‑way bill and e‑invoice apply for Extra Virgin Olive 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. ### How much GST applies to Extra Virgin Olive Oil? Under HSN 15092000, Extra Virgin Olive Oil attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Any common misclassification issue with Extra Virgin Olive 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. ### Can we claim ITC on inputs used to trade Extra Virgin Olive 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. ### Does packaging or labelling change the GST for Extra Virgin Olive 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. ## India's trade performance: HSN Code 15092000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+208.33% YoY) — 0.0000% of India's total exports - Imports: ₹118 Cr (+4.06% YoY) — 0.0019% of India's total imports - Trade balance: −₹117 Cr (Deficit); surplus rank #10921 of 12657 HSN codes - Share of Sub-Chapter 1509: 10.82% of its exports; import side 29.08% - Rank within Sub-Chapter 1509: #3 of 6 by export value; import-side #2 ### Key metrics - National export rank: #9065 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +208.33% in FY 2024-25 - Contribution to Sub-Ch. 1509: 10.82% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 15092000 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. 1509 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1509 | 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 | < ₹1 Crore | 0.0000% | — | 3.94% | 82.81 | 0.0014% | — | 26.13% | −82.73 | #9735 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +50.00% | 7.36% | 113.07 | 0.0020% | +36.54% | 28.61% | −112.95 | #9706 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +208.33% | 10.82% | 117.66 | 0.0019% | +4.06% | 29.08% | −117.29 | #9065 | ## Key trade insights: HSN Code 15092000 export-import analysis ### Export snapshot for HSN Code 15092000 India exported ₹0.37 Crore worth of Extra Virgin Olive Oil in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 15092000 ranked #9065 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 15092000 ranks #9065 out of 12657 HSN codes by total export value. Within Sub-Chapter 1509, it ranks #3 of 6. By trade surplus, it ranks #10921 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 15092000 exports The strongest single-year export movement for HSN Code 15092000 was recorded in FY 2024-25, when exports surged by 208.33% over the prior year. ### India records a trade deficit of ₹117.29 Crore in HSN Code 15092000 goods In FY 2024-25, India's imports of ₹117.66 Cr exceeded exports of ₹0.37 Cr, resulting in a trade deficit of ₹117.29 Crore — ranking #10921 of 12657 by surplus magnitude. ### HSN Code 15092000 contributes 10.82% of Sub-Chapter 1509 exports — ranked #3 Among the 6 HSN codes under Sub-Chapter 1509, HSN Code 15092000 ranks #3 by export value — accounting for 10.82% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 29.08% share (rank #2). ## Related HSN Codes in Sub-Chapter 1509 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 15099010: Other \| Edible Grade](https://busy.in/hsn/hsn-15099010/) | ₹2 Cr | | #2 | [HSN Code 15099090: Groundnut Oils and Fractions \| Other](https://busy.in/hsn/hsn-15099090/) | < ₹1 Crore | | #3 | HSN Code 15092000: Extra Virgin Olive Oil (this hsn code) | < ₹1 Crore | | #4 | [HSN Code 15093000: Virgin Olive Oil](https://busy.in/hsn/hsn-15093000/) | < ₹1 Crore | | #5 | [HSN Code 15094000: Other Virgin Olive Oils](https://busy.in/hsn/hsn-15094000/) | < ₹1 Crore | | — | [HSN Code 15091000: Other Olive Oils: Crude Oil](https://busy.in/hsn/hsn-15091000/) | Nil |