HSN Code 15149120 represents Crude Oil & Mustard Oil under GST classification. This code helps businesses identify Crude Oil & Mustard Oil correctly for billing, taxation, and trade. With HSN Code 15149120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Crude Oil & Mustard Oil.
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HSN Code 15149120 relates to the following description.
Description of Goods
Other : Crude oil : Mustard 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%
Crude Oil & Mustard Oil does not include products with the following descriptions.
Low erucic acid rape or colza oil and its fractions : Crude oil : Colza oil
Low erucic acid rape or colza oil and its fractions : Crude oil : Rape oil
Low erucic acid rape or colza oil and its fractions : Crude oil : Other
Low erucic acid rape or colza oil and its fractions : Other : Refined colza oil of edible grade
Low erucic acid rape or colza oil and its fractions : Other : Refined rapeseed oil of edible grade
Low erucic acid rape or colza oil and its fractions : Other : Other
Other : Crude oil : Colza oil
Other : Crude oil : Rapeseed oil
Other : Other : Refined colza oil of edible grade
Other : Other : Refined mustard oil of edible grade
Other : Other : Refined rapeseed oil of edible grade
Other : Other : Other
Low erucic acid rape or colza oil and its fractions : Crude oil : Colza oil
Low erucic acid rape or colza oil and its fractions : Crude oil : Rape oil
Low erucic acid rape or colza oil and its fractions : Crude oil : Other
Low erucic acid rape or colza oil and its fractions : Other : Refined colza oil of edible grade
Low erucic acid rape or colza oil and its fractions : Other : Refined rapeseed oil of edible grade
Low erucic acid rape or colza oil and its fractions : Other : Other
Other : Crude oil : Colza oil
Other : Crude oil : Rapeseed oil
Other : Other : Refined colza oil of edible grade
Other : Other : Refined mustard oil of edible grade
Other : Other : Refined rapeseed oil of edible grade
Other : Other : Other
India’s Exports
FY 2024-25₹154 Cr
0.0042% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹154 Cr
Surplus rank #1318 of 12657 HSN codes
% of Sub-Chapter 1514
FY 2024-2572.09%
Share of Sub-Chapter 1514’s total exports in FY 2024-25
Import side: 0.01% of Sub-Chapter 1514’s imports
Rank Within Sub-Chapter 1514
FY 2024-25#1 of 13
Position by export value among HSN codes in Sub-Chapter 1514
Import-side rank: #8 of 13
At a glance
398.93%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2123
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+14,000.00%
Peak Growth Year
FY 2019-20 · strongest single-year move
72.09%
Contribution to Sub-Ch. 1514
Share of Sub-Chapter 1514 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
+0.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.02% of Sub-Ch. 1514
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1514
Balance
−25.59
Exports
1.41 ₹ Cr
0.0001% share
+14,000.00% YoY
2.71% of Sub-Ch. 1514
Imports
27.00 ₹ Cr
0.0008% share
— YoY
7.97% of Sub-Ch. 1514
Balance
+4.14
Exports
4.27 ₹ Cr
0.0002% share
+202.84% YoY
3.99% of Sub-Ch. 1514
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−99.52% YoY
0.05% of Sub-Ch. 1514
Balance
+31.15
Exports
32.07 ₹ Cr
0.0010% share
+651.05% YoY
27.74% of Sub-Ch. 1514
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+607.69% YoY
0.16% of Sub-Ch. 1514
Balance
+103.44
Exports
103.81 ₹ Cr
0.0029% share
+223.70% YoY
60.23% of Sub-Ch. 1514
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−59.78% YoY
0.89% of Sub-Ch. 1514
Balance
+130.43
Exports
130.71 ₹ Cr
0.0036% share
+25.91% YoY
67.71% of Sub-Ch. 1514
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−24.32% YoY
0.41% of Sub-Ch. 1514
Balance
+154.25
Exports
154.26 ₹ Cr
0.0042% share
+18.02% YoY
72.09% of Sub-Ch. 1514
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−96.43% YoY
0.01% of Sub-Ch. 1514
CAGR · 7-Year
Exports
398.93% /yr
Imports
—
reference, FY 2024-25
Export
₹213.99 Cr
Import
₹122.75 Cr
Trade Balance
+91.24
India's exports under HSN Code 15149120 have grown at a compound annual rate of 398.93% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹154.26 Crore in FY 2024-25.
In FY 2024-25, HSN Code 15149120 ranks #2123 out of 12657 HSN codes by total export value. Within Sub-Chapter 1514, it ranks #1 of 13. By trade surplus, it ranks #1318 of 12657.
The strongest single-year export movement for HSN Code 15149120 was recorded in FY 2019-20, when exports surged by 14,000.00% over the prior year.
In FY 2024-25, India's exports of ₹154.26 Cr exceeded imports of ₹0.01 Cr, resulting in a trade surplus of ₹154.25 Crore — ranking #1318 of 12657 by surplus magnitude.
Among the 13 HSN codes under Sub-Chapter 1514, HSN Code 15149120 ranks #1 by export value — accounting for 72.09% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #8).
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 15149120 and GST compliance.
It includes Crude Oil & Mustard 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.
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.
Under HSN 15149120, Crude Oil & Mustard Oil attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Crude Oil & Mustard Oil; Nil for exempt items if applicable).
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.