HSN Code 15141920: Refined rapeseed oil, edible grade

HSN Code 15141920 represents Refined rapeseed oil, edible grade under GST classification. This code helps businesses identify Refined rapeseed oil, edible grade correctly for billing, taxation, and trade. With HSN Code 15141920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Refined rapeseed oil, edible grade.

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Description of Goods for HSN Code 15141920

HSN Code 15141920 relates to the following description.

Description of Goods

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

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 15141920 not include?

Refined rapeseed oil, edible grade 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

India’s Trade Performance — HSN Code 15141920 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

₹15 Cr

+176.17% vs FY 2023-24

0.0004% of India’s total exports

India’s Imports

FY 2024-25

₹7 Cr

−17.76% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹8 Cr

Trade Surplus

Surplus rank #3447 of 12657 HSN codes

% of Sub-Chapter 1514

FY 2024-25

6.88%

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

Import side: 5.32% of Sub-Chapter 1514’s imports

Rank Within Sub-Chapter 1514

FY 2024-25

#3 of 13

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

Import-side rank: #3 of 13

At a glance

#5286

National Export Rank

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

+7,625.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

6.88%

Contribution to Sub-Ch. 1514

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

India Export-Import Trade Statistics for HSN Code 15141920

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

Balance

−3.20

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1514

Imports

3.20 ₹ Cr

0.0001% share

— YoY

0.37% of Sub-Ch. 1514

FY 2019-20 Exp. Rank #9717

Balance

−3.43

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 1514

Imports

3.45 ₹ Cr

0.0001% share

+7.81% YoY

1.02% of Sub-Ch. 1514

FY 2020-21 Exp. Rank #9622

Balance

−4.90

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.04% of Sub-Ch. 1514

Imports

4.94 ₹ Cr

0.0002% share

+43.19% YoY

1.81% of Sub-Ch. 1514

FY 2021-22 Exp. Rank #6878

Balance

−4.38

Exports

3.09 ₹ Cr

0.0001% share

+7,625.00% YoY

2.67% of Sub-Ch. 1514

Imports

7.47 ₹ Cr

0.0002% share

+51.21% YoY

1.33% of Sub-Ch. 1514

FY 2022-23 Exp. Rank #7036

Balance

−0.78

Exports

2.91 ₹ Cr

0.0001% share

−5.83% YoY

1.69% of Sub-Ch. 1514

Imports

3.69 ₹ Cr

0.0001% share

−50.60% YoY

8.92% of Sub-Ch. 1514

FY 2023-24 Exp. Rank #6509

Balance

−2.61

Exports

5.33 ₹ Cr

0.0001% share

+83.16% YoY

2.76% of Sub-Ch. 1514

Imports

7.94 ₹ Cr

0.0001% share

+115.18% YoY

11.68% of Sub-Ch. 1514

FY 2024-25 Exp. Rank #5286

Balance

+8.19

Exports

14.72 ₹ Cr

0.0004% share

+176.17% YoY

6.88% of Sub-Ch. 1514

Imports

6.53 ₹ Cr

0.0001% share

−17.76% YoY

5.32% of Sub-Ch. 1514

CAGR · 7-Year

Exports

—

Imports

12.62% /yr

Consistently Surplus
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 15141920 Export-Import Analysis

Export Snapshot for HSN Code 15141920

India exported ₹14.72 Crore worth of Refined rapeseed oil, edible grade in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 15141920 Ranked #5286 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 15141920 ranks #5286 out of 12657 HSN codes by total export value. Within Sub-Chapter 1514, it ranks #3 of 13. By trade surplus, it ranks #3447 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 15141920 Exports

The strongest single-year export movement for HSN Code 15141920 was recorded in FY 2021-22, when exports surged by 7,625.00% over the prior year.

India Maintains a Trade Surplus of ₹8.19 Crore in HSN Code 15141920 Goods

In FY 2024-25, India's exports of ₹14.72 Cr exceeded imports of ₹6.53 Cr, resulting in a trade surplus of ₹8.19 Crore — ranking #3447 of 12657 by surplus magnitude.

Import Growth of 12.62% CAGR Signals Rising Demand for Refined rapeseed oil, edible grade

India's imports under HSN Code 15141920 have grown at 12.62% CAGR, reaching ₹6.53 Crore in FY 2024-25.

HSN Code 15141920 Contributes 6.88% of Sub-Chapter 1514 Exports — Ranked #3

Among the 13 HSN codes under Sub-Chapter 1514, HSN Code 15141920 ranks #3 by export value — accounting for 6.88% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.32% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 15141920 and GST compliance.

What products are classified under HSN 15141920 ?

It includes Refined rapeseed oil, edible grade

How should mixed supplies be billed when Refined rapeseed oil, edible grade is sold with other items?

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

Does packaging or labelling change the GST for Refined rapeseed oil, edible grade?

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.

Can we claim ITC on inputs used to trade Refined rapeseed oil, edible grade?

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.

Do e‑way bill and e‑invoice apply for Refined rapeseed oil, edible grade?

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 Refined rapeseed oil, edible grade?

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.

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.