HSN Code 15141120: Rape oil, crude

HSN Code 15141120 represents Rape oil, crude under GST classification. This code helps businesses identify Rape oil, crude correctly for billing, taxation, and trade. With HSN Code 15141120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Rape oil, crude.

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Description of Goods for HSN Code 15141120

HSN Code 15141120 relates to the following description.

Description of Goods

Low erucic acid rape or colza oil and its fractions : Crude oil : Rape oil

Chapter

15 - Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes

Sub Chapter

1514 - Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 15141120 not include?

Rape oil, crude does not include products with the following descriptions.

HSN Code 15141110

Low erucic acid rape or colza oil and its fractions : Crude oil : Colza oil

HSN Code 15141910

Low erucic acid rape or colza oil and its fractions : Other : Refined colza oil of edible grade

HSN Code 15141920

Low erucic acid rape or colza oil and its fractions : Other : Refined rapeseed oil of edible grade

India’s Trade Performance — HSN Code 15141120 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

< ₹1 Crore

+55.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹88 Cr

+52.42% vs FY 2023-24

0.0015% of India’s total imports

Trade Balance

FY 2024-25

−₹88 Cr

Trade Deficit

Surplus rank #10698 of 12657 HSN codes

% of Sub-Chapter 1514

FY 2024-25

0.14%

Share of Sub-Chapter 1514’s total exports in FY 2024-25

Import side: 71.82% of Sub-Chapter 1514’s imports

Rank Within Sub-Chapter 1514

FY 2024-25

#6 of 13

Position by export value among HSN codes in Sub-Chapter 1514

Import-side rank: #1 of 13

At a glance

77.24%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#9185

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+55.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.14%

Contribution to Sub-Ch. 1514

Share of Sub-Chapter 1514 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 15141120

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #9921

Balance

−841.91

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 1514

Imports

841.92 ₹ Cr

0.0235% share

— YoY

98.24% of Sub-Ch. 1514

FY 2019-20

Balance

−200.64

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1514

Imports

200.64 ₹ Cr

0.0060% share

−76.17% YoY

59.22% of Sub-Ch. 1514

FY 2020-21 Exp. Rank #9985

Balance

−266.91

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 1514

Imports

266.92 ₹ Cr

0.0092% share

+33.03% YoY

98.01% of Sub-Ch. 1514

FY 2021-22

Balance

−549.28

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1514

Imports

549.28 ₹ Cr

0.0120% share

+105.78% YoY

97.50% of Sub-Ch. 1514

FY 2022-23 Exp. Rank #9384

Balance

−35.74

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.10% of Sub-Ch. 1514

Imports

35.91 ₹ Cr

0.0006% share

−93.46% YoY

86.78% of Sub-Ch. 1514

FY 2023-24 Exp. Rank #9440

Balance

−57.64

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+17.65% YoY

0.10% of Sub-Ch. 1514

Imports

57.84 ₹ Cr

0.0010% share

+61.07% YoY

85.08% of Sub-Ch. 1514

FY 2024-25 Exp. Rank #9185

Balance

−87.85

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+55.00% YoY

0.14% of Sub-Ch. 1514

Imports

88.16 ₹ Cr

0.0015% share

+52.42% YoY

71.82% of Sub-Ch. 1514

CAGR · 7-Year

Exports

77.24% /yr

Imports

−31.35% /yr

Consistently Deficit
Sub-Chapter 1514 total

reference, FY 2024-25

Export

₹213.99 Cr

Import

₹122.75 Cr

Trade Balance

+91.24

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 15141120 Export-Import Analysis

Consistent Export Growth: 77.24% CAGR Over 7 Years

India's exports under HSN Code 15141120 have grown at a compound annual rate of 77.24% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹0.31 Crore in FY 2024-25.

HSN Code 15141120 Ranked #9185 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 15141120 ranks #9185 out of 12657 HSN codes by total export value. Within Sub-Chapter 1514, it ranks #6 of 13. By trade surplus, it ranks #10698 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 15141120 Exports

The strongest single-year export movement for HSN Code 15141120 was recorded in FY 2024-25, when exports surged by 55.00% over the prior year.

India Records a Trade Deficit of ₹87.85 Crore in HSN Code 15141120 Goods

In FY 2024-25, India's imports of ₹88.16 Cr exceeded exports of ₹0.31 Cr, resulting in a trade deficit of ₹87.85 Crore — ranking #10698 of 12657 by surplus magnitude.

Import Growth of −31.35% CAGR Signals Stable Import Dependency for Rape oil, crude

India's imports under HSN Code 15141120 have grown at −31.35% CAGR, reaching ₹88.16 Crore in FY 2024-25.

HSN Code 15141120 Contributes 0.14% of Sub-Chapter 1514 Exports — Ranked #6

Among the 13 HSN codes under Sub-Chapter 1514, HSN Code 15141120 ranks #6 by export value — accounting for 0.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 71.82% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 15141120 and GST compliance.

What products are classified under HSN 15141120 ?

It includes Rape oil, crude

Does packaging or labelling change the GST for Rape oil, crude?

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.

Do e‑way bill and e‑invoice apply for Rape oil, crude?

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.

Any common misclassification issue with Rape oil, crude?

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.

How much GST applies to Rape oil, crude?

Under HSN 15141120, Rape oil, crude attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

Can we claim ITC on inputs used to trade Rape oil, crude?

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.

How should mixed supplies be billed when Rape oil, crude is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Rape oil, crude; Nil for exempt items if applicable).

Important Disclaimer

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.