HSN Code 15119020 represents Refined bleached deodorised palmolein under GST classification. This code helps businesses identify Refined bleached deodorised palmolein correctly for billing, taxation, and trade. With HSN Code 15119020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Refined bleached deodorised palmolein.
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HSN Code 15119020 relates to the following description.
Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes
Other oils and their fractions obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading 1509
Other : Refined bleached deodorised palmolein
2.5%
2.5%
5%
0%
Description of Goods
Other : Refined bleached deodorised palmolein
Chapter
15 - Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes
Sub Chapter
1511 - Other oils and their fractions obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading 1509
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Refined bleached deodorised palmolein does not include products with the following descriptions.
Crude oil
Other : Refined bleached deodorised palm oil
Other : Refined bleached deodorised palm stearin
Other : Other
India’s Exports
FY 2024-25₹13 Cr
0.0003% of India’s total exports
India’s Imports
FY 2024-25₹15,163 Cr
0.2496% of India’s total imports
Trade Balance
FY 2024-25−₹15,151 Cr
Surplus rank #12622 of 12657 HSN codes
% of Sub-Chapter 1511
FY 2024-2542.81%
Share of Sub-Chapter 1511’s total exports in FY 2024-25
Import side: 21.60% of Sub-Chapter 1511’s imports
Rank Within Sub-Chapter 1511
FY 2024-25#1 of 5
Position by export value among HSN codes in Sub-Chapter 1511
Import-side rank: #2 of 5
At a glance
71.36%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5495
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+12,441.18%
Peak Growth Year
FY 2021-22 · strongest single-year move
42.81%
Contribution to Sub-Ch. 1511
Share of Sub-Chapter 1511 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
−10,467.25
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
58.82% of Sub-Ch. 1511
Imports
10,467.75 ₹ Cr
0.2920% share
— YoY
28.57% of Sub-Ch. 1511
Balance
−10,037.91
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−18.00% YoY
11.82% of Sub-Ch. 1511
Imports
10,038.32 ₹ Cr
0.2999% share
−4.10% YoY
27.60% of Sub-Ch. 1511
Balance
−542.63
Exports
1.02 ₹ Cr
0.0000% share
+148.78% YoY
12.19% of Sub-Ch. 1511
Imports
543.65 ₹ Cr
0.0187% share
−94.58% YoY
1.27% of Sub-Ch. 1511
Balance
−15,358.41
Exports
127.92 ₹ Cr
0.0041% share
+12,441.18% YoY
85.66% of Sub-Ch. 1511
Imports
15,486.33 ₹ Cr
0.3388% share
+2,748.58% YoY
20.45% of Sub-Ch. 1511
Balance
−19,311.79
Exports
3.85 ₹ Cr
0.0001% share
−96.99% YoY
13.02% of Sub-Ch. 1511
Imports
19,315.64 ₹ Cr
0.3360% share
+24.73% YoY
20.75% of Sub-Ch. 1511
Balance
−15,847.58
Exports
3.20 ₹ Cr
0.0001% share
−16.88% YoY
8.19% of Sub-Ch. 1511
Imports
15,850.78 ₹ Cr
0.2822% share
−17.94% YoY
23.26% of Sub-Ch. 1511
Balance
−15,150.64
Exports
12.66 ₹ Cr
0.0003% share
+295.63% YoY
42.81% of Sub-Ch. 1511
Imports
15,163.30 ₹ Cr
0.2496% share
−4.34% YoY
21.60% of Sub-Ch. 1511
CAGR · 7-Year
Exports
71.36% /yr
Imports
6.37% /yr
reference, FY 2024-25
Export
₹29.57 Cr
Import
₹70,197.97 Cr
Trade Balance
−70,168.40
India's exports under HSN Code 15119020 have grown at a compound annual rate of 71.36% over 7 fiscal years, rising from ₹0.50 Crore in FY 2018-19 to ₹12.66 Crore in FY 2024-25.
In FY 2024-25, HSN Code 15119020 ranks #5495 out of 12657 HSN codes by total export value. Within Sub-Chapter 1511, it ranks #1 of 5. By trade surplus, it ranks #12622 of 12657.
The strongest single-year export movement for HSN Code 15119020 was recorded in FY 2021-22, when exports surged by 12,441.18% over the prior year.
In FY 2024-25, India's imports of ₹15,163.30 Cr exceeded exports of ₹12.66 Cr, resulting in a trade deficit of ₹15,150.64 Crore — ranking #12622 of 12657 by surplus magnitude.
India's imports under HSN Code 15119020 have grown at 6.37% CAGR, reaching ₹15,163.30 Crore in FY 2024-25.
Among the 5 HSN codes under Sub-Chapter 1511, HSN Code 15119020 ranks #1 by export value — accounting for 42.81% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 21.60% 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 15119020 and GST compliance.
It includes Refined bleached deodorised palmolein
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.
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.
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.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Refined bleached deodorised palmolein; Nil for exempt items if applicable).
Under HSN 15119020, Refined bleached deodorised palmolein attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.