--- title: "HSN Code for Groundnut Oil: Edible Grade Vegetable Fats and Oils | HSN 15162021 GST Rate" description: "Find HSN and GST Rates for 15162021 related to Groundnut Oil: Edible Grade Vegetable Fats and Oils with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-15162021/" --- # HSN Code 15162021: Groundnut Oil: Edible Grade Vegetable Fats and Oils - [Section 03: Guide to HSN Section 03](https://busy.in/hsn/section-03/) - [Chapter 15: Animal or Vegetable Fats, Oils and Their Cleavage Products](https://busy.in/hsn/chapter-15/) - [Sub-chapter 1516: Partially hydrogenated animal/veg oils](https://busy.in/hsn/sub-chapter-1516/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Vegetable fats and oils and their fractions : Groundnut oil : Edible grade | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 15162021 ? It includes Groundnut Oil: Edible Grade Vegetable Fats and Oils ### How much GST applies to Groundnut Oil: Edible Grade Vegetable Fats and Oils? Under HSN 15162021, Groundnut Oil: Edible Grade Vegetable Fats and Oils attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Do e‑way bill and e‑invoice apply for Groundnut Oil: Edible Grade Vegetable Fats and Oils? 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. ### Can we claim ITC on inputs used to trade Groundnut Oil: Edible Grade Vegetable Fats and Oils? 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 Groundnut Oil: Edible Grade Vegetable Fats and Oils is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Groundnut Oil: Edible Grade Vegetable Fats and Oils; Nil for exempt items if applicable). ### Any common misclassification issue with Groundnut Oil: Edible Grade Vegetable Fats and Oils? 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. ### Does packaging or labelling change the GST for Groundnut Oil: Edible Grade Vegetable Fats and Oils? 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. ## India's trade performance: HSN Code 15162021 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹5 Cr (+26.65% YoY) — 0.0001% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹5 Cr (Surplus); surplus rank #3680 of 12657 HSN codes - Share of Sub-Chapter 1516: 0.56% of its exports; import side 0.00% - Rank within Sub-Chapter 1516: #4 of 10 by export value ### Key metrics - Export CAGR: 33.47% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6517 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +4,015.79% in FY 2019-20 - Contribution to Sub-Ch. 1516: 0.56% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 15162021 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 1516 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1516 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.18% | < ₹1 Crore | 0.0000% | — | 0.03% | +0.90 | #7674 | | FY 2019-20 | 39.10 | 0.0018% | +4,015.79% | 6.42% | < ₹1 Crore | 0.0000% | +40.00% | 0.04% | +39.03 | #3243 | | FY 2020-21 | 18.48 | 0.0009% | −52.74% | 3.16% | < ₹1 Crore | 0.0000% | −57.14% | 0.01% | +18.45 | #4296 | | FY 2021-22 | 4.36 | 0.0001% | −76.41% | 0.55% | Nil | 0.0000% | −100.00% | 0.00% | +4.36 | #6532 | | FY 2022-23 | 4.30 | 0.0001% | −1.38% | 0.36% | < ₹1 Crore | 0.0000% | — | 0.01% | +4.27 | #6599 | | FY 2023-24 | 4.24 | 0.0001% | −1.40% | 0.54% | Nil | 0.0000% | −100.00% | 0.00% | +4.24 | #6773 | | FY 2024-25 | 5.37 | 0.0001% | +26.65% | 0.56% | Nil | 0.0000% | — | 0.00% | +5.37 | #6517 | - CAGR (7-year): exports 33.47%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 15162021 export-import analysis ### Consistent export growth: 33.47% CAGR over 7 years India's exports under HSN Code 15162021 have grown at a compound annual rate of 33.47% over 7 fiscal years, rising from ₹0.95 Crore in FY 2018-19 to ₹5.37 Crore in FY 2024-25. ### HSN Code 15162021 ranked #6517 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 15162021 ranks #6517 out of 12657 HSN codes by total export value. Within Sub-Chapter 1516, it ranks #4 of 10. By trade surplus, it ranks #3680 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 15162021 exports The strongest single-year export movement for HSN Code 15162021 was recorded in FY 2019-20, when exports surged by 4,015.79% over the prior year. ### India maintains a trade surplus of ₹5.37 Crore in HSN Code 15162021 goods In FY 2024-25, India's exports of ₹5.37 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹5.37 Crore — ranking #3680 of 12657 by surplus magnitude. ### HSN Code 15162021 contributes 0.56% of Sub-Chapter 1516 exports — ranked #4 Among the 10 HSN codes under Sub-Chapter 1516, HSN Code 15162021 ranks #4 by export value — accounting for 0.56% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## Related HSN Codes in Sub-Chapter 1516 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 15162039: Vegetable fats & oils – Hydrogenated castor oil (opal-wax) – Other](https://busy.in/hsn/hsn-15162039/) | ₹768 Cr | | #2 | [HSN Code 15162099: Vegetable fats & oils: Other](https://busy.in/hsn/hsn-15162099/) | ₹90 Cr | | #3 | [HSN Code 15162091: Edible vegetable fats](https://busy.in/hsn/hsn-15162091/) | ₹83 Cr | | #4 | HSN Code 15162021: Groundnut Oil: Edible Grade Vegetable Fats and Oils (this hsn code) | ₹5 Cr | | #5 | [HSN Code 15162029: Vegetable fats & oils – Groundnut oil – Other](https://busy.in/hsn/hsn-15162029/) | ₹3 Cr | | #6 | [HSN Code 15162019: Vegetable fats & oils – Cotton seed oil – Other](https://busy.in/hsn/hsn-15162019/) | ₹2 Cr | | #7 | [HSN Code 15162011: Vegetable fats & oils – Cotton seed oil – Edible grade](https://busy.in/hsn/hsn-15162011/) | ₹1 Cr | | #8 | [HSN Code 15161000: Animal Fats & Oils](https://busy.in/hsn/hsn-15161000/) | < ₹1 Crore | | #9 | [HSN Code 15162031: Hydrogenated Castor Oil (Opal-Wax): Edible Grade](https://busy.in/hsn/hsn-15162031/) | < ₹1 Crore | | — | [HSN Code 15163000: Microbial fats and oils and their fractions](https://busy.in/hsn/hsn-15163000/) | Nil |