HSN Code 15092000 represents Extra Virgin Olive Oil under GST classification. This code helps businesses identify Extra Virgin Olive Oil correctly for billing, taxation, and trade. With HSN Code 15092000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Extra Virgin Olive Oil.
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HSN Code 15092000 relates to the following description.
Description of Goods
Extra virgin olive oil
Chapter
15 - Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes
Sub Chapter
1509 - ground-nut oil and its fractions, whether or not refined, but not chemically modified
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Extra Virgin Olive Oil does not include products with the following descriptions.
Olive oil and its fractions, whether or not refined, but not chemically modified virgin
Virgin olive oil
Other virgin olive oils
Other : Edible grade
Other : Other
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹118 Cr
0.0019% of India’s total imports
Trade Balance
FY 2024-25−₹117 Cr
Surplus rank #10921 of 12657 HSN codes
% of Sub-Chapter 1509
FY 2024-2510.82%
Share of Sub-Chapter 1509’s total exports in FY 2024-25
Import side: 29.08% of Sub-Chapter 1509’s imports
Rank Within Sub-Chapter 1509
FY 2024-25#3 of 6
Position by export value among HSN codes in Sub-Chapter 1509
Import-side rank: #2 of 6
At a glance
#9065
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+208.33%
Peak Growth Year
FY 2024-25 · strongest single-year move
10.82%
Contribution to Sub-Ch. 1509
Share of Sub-Chapter 1509 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
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1509
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1509
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1509
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1509
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1509
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1509
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1509
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1509
Balance
−82.73
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
3.94% of Sub-Ch. 1509
Imports
82.81 ₹ Cr
0.0014% share
— YoY
26.13% of Sub-Ch. 1509
Balance
−112.95
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+50.00% YoY
7.36% of Sub-Ch. 1509
Imports
113.07 ₹ Cr
0.0020% share
+36.54% YoY
28.61% of Sub-Ch. 1509
Balance
−117.29
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+208.33% YoY
10.82% of Sub-Ch. 1509
Imports
117.66 ₹ Cr
0.0019% share
+4.06% YoY
29.08% of Sub-Ch. 1509
reference, FY 2024-25
Export
₹3.42 Cr
Import
₹404.59 Cr
Trade Balance
−401.17
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.
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.
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.
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.
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).
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 15092000 and GST compliance.
It includes 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.
Under HSN 15092000, Extra Virgin Olive Oil attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.
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.