HSN Code 15162021: Groundnut Oil: Edible Grade Vegetable Fats and Oils

HSN Code 15162021 represents Groundnut Oil: Edible Grade Vegetable Fats and Oils under GST classification. This code helps businesses identify Groundnut Oil: Edible Grade Vegetable Fats and Oils correctly for billing, taxation, and trade. With HSN Code 15162021, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Groundnut Oil: Edible Grade Vegetable Fats and Oils.

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Description of Goods for HSN Code 15162021

HSN Code 15162021 relates to the following description.

Description of Goods

Vegetable fats and oils and their fractions : Groundnut oil : Edible grade

Chapter

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

Sub Chapter

1516 - Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 15162021 not include?

Groundnut Oil: Edible Grade Vegetable Fats and Oils does not include products with the following descriptions.

HSN Code 15162011

Vegetable fats and oils and their fractions : Cotton Seed oil : Edible grade

HSN Code 15162031

Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Edible grade

HSN Code 15162039

Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Other

India’s Trade Performance — HSN Code 15162021 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

₹5 Cr

+26.65% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹5 Cr

Trade Surplus

Surplus rank #3680 of 12657 HSN codes

% of Sub-Chapter 1516

FY 2024-25

0.56%

Share of Sub-Chapter 1516’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 1516’s imports

Rank Within Sub-Chapter 1516

FY 2024-25

#4 of 10

Position by export value among HSN codes in Sub-Chapter 1516

At a glance

33.47%

Export CAGR

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

#6517

National Export Rank

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

+4,015.79%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.56%

Contribution to Sub-Ch. 1516

Share of Sub-Chapter 1516 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #7674

Balance

+0.90

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.18% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.03% of Sub-Ch. 1516

FY 2019-20 Exp. Rank #3243

Balance

+39.03

Exports

39.10 ₹ Cr

0.0018% share

+4,015.79% YoY

6.42% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+40.00% YoY

0.04% of Sub-Ch. 1516

FY 2020-21 Exp. Rank #4296

Balance

+18.45

Exports

18.48 ₹ Cr

0.0009% share

−52.74% YoY

3.16% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−57.14% YoY

0.01% of Sub-Ch. 1516

FY 2021-22 Exp. Rank #6532

Balance

+4.36

Exports

4.36 ₹ Cr

0.0001% share

−76.41% YoY

0.55% of Sub-Ch. 1516

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1516

FY 2022-23 Exp. Rank #6599

Balance

+4.27

Exports

4.30 ₹ Cr

0.0001% share

−1.38% YoY

0.36% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 1516

FY 2023-24 Exp. Rank #6773

Balance

+4.24

Exports

4.24 ₹ Cr

0.0001% share

−1.40% YoY

0.54% of Sub-Ch. 1516

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1516

FY 2024-25 Exp. Rank #6517

Balance

+5.37

Exports

5.37 ₹ Cr

0.0001% share

+26.65% YoY

0.56% of Sub-Ch. 1516

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1516

CAGR · 7-Year

Exports

33.47% /yr

Imports

—

Consistently Surplus
Sub-Chapter 1516 total

reference, FY 2024-25

Export

₹954.15 Cr

Import

₹385.66 Cr

Trade Balance

+568.49

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

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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 15162021 and GST compliance.

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.

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.