HSN Code 15162029: Vegetable fats & oils – Groundnut oil – Other

HSN Code 15162029 represents Vegetable fats & oils – Groundnut oil – Other under GST classification. This code helps businesses identify Vegetable fats & oils – Groundnut oil – Other correctly for billing, taxation, and trade. With HSN Code 15162029, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vegetable fats & oils – Groundnut oil – Other.

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Description of Goods for HSN Code 15162029

HSN Code 15162029 relates to the following description.

Description of Goods

Vegetable fats and oils and their fractions : Groundnut oil : other

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 15162029 not include?

Vegetable fats & oils – Groundnut oil – Other 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 15162029 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

₹3 Cr

+19.72% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹1 Cr

−3.28% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹2 Cr

Trade Surplus

Surplus rank #4178 of 12657 HSN codes

% of Sub-Chapter 1516

FY 2024-25

0.36%

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

Import side: 0.31% of Sub-Chapter 1516’s imports

Rank Within Sub-Chapter 1516

FY 2024-25

#5 of 10

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

Import-side rank: #6 of 10

At a glance

−16.94%

Export CAGR

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

#7040

National Export Rank

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

+22.55%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.36%

Contribution to Sub-Ch. 1516

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

India Export-Import Trade Statistics for HSN Code 15162029

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 #4931

Balance

+9.95

Exports

10.54 ₹ Cr

0.0005% share

— YoY

1.95% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.38% of Sub-Ch. 1516

FY 2019-20 Exp. Rank #5721

Balance

+5.16

Exports

5.58 ₹ Cr

0.0003% share

−47.06% YoY

0.92% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−28.81% YoY

0.25% of Sub-Ch. 1516

FY 2020-21 Exp. Rank #6797

Balance

+1.85

Exports

2.35 ₹ Cr

0.0001% share

−57.89% YoY

0.40% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+19.05% YoY

0.21% of Sub-Ch. 1516

FY 2021-22 Exp. Rank #6935

Balance

+2.20

Exports

2.88 ₹ Cr

0.0001% share

+22.55% YoY

0.36% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+36.00% YoY

0.17% of Sub-Ch. 1516

FY 2022-23 Exp. Rank #7097

Balance

+2.44

Exports

2.73 ₹ Cr

0.0001% share

−5.21% YoY

0.23% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−57.35% YoY

0.13% of Sub-Ch. 1516

FY 2023-24 Exp. Rank #7190

Balance

+1.67

Exports

2.89 ₹ Cr

0.0001% share

+5.86% YoY

0.37% of Sub-Ch. 1516

Imports

1.22 ₹ Cr

0.0000% share

+320.69% YoY

0.67% of Sub-Ch. 1516

FY 2024-25 Exp. Rank #7040

Balance

+2.28

Exports

3.46 ₹ Cr

0.0001% share

+19.72% YoY

0.36% of Sub-Ch. 1516

Imports

1.18 ₹ Cr

0.0000% share

−3.28% YoY

0.31% of Sub-Ch. 1516

CAGR · 7-Year

Exports

−16.94% /yr

Imports

12.25% /yr

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 15162029 Export-Import Analysis

Export Decline: −16.94% CAGR Over 7 Years

India's exports under HSN Code 15162029 have declined at a compound annual rate of −16.94% over 7 fiscal years, falling from ₹10.54 Crore in FY 2018-19 to ₹3.46 Crore in FY 2024-25.

HSN Code 15162029 Ranked #7040 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 15162029 ranks #7040 out of 12657 HSN codes by total export value. Within Sub-Chapter 1516, it ranks #5 of 10. By trade surplus, it ranks #4178 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 15162029 Exports

The strongest single-year export movement for HSN Code 15162029 was recorded in FY 2021-22, when exports surged by 22.55% over the prior year.

India Maintains a Trade Surplus of ₹2.28 Crore in HSN Code 15162029 Goods

In FY 2024-25, India's exports of ₹3.46 Cr exceeded imports of ₹1.18 Cr, resulting in a trade surplus of ₹2.28 Crore — ranking #4178 of 12657 by surplus magnitude.

Import Growth of 12.25% CAGR Signals Rising Demand for Vegetable fats & oils – Groundnut oil – Other

India's imports under HSN Code 15162029 have grown at 12.25% CAGR, reaching ₹1.18 Crore in FY 2024-25.

HSN Code 15162029 Contributes 0.36% of Sub-Chapter 1516 Exports — Ranked #5

Among the 10 HSN codes under Sub-Chapter 1516, HSN Code 15162029 ranks #5 by export value — accounting for 0.36% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.31% share (rank #6).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 15162029 and GST compliance.

What products are classified under HSN 15162029 ?

It includes Vegetable fats & oils – Groundnut oil – Other

How much GST applies to Vegetable fats & oils – Groundnut oil – Other?

Under HSN 15162029, Vegetable fats & oils – Groundnut oil – Other 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 Vegetable fats & oils – Groundnut oil – Other?

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.

Does packaging or labelling change the GST for Vegetable fats & oils – Groundnut oil – Other?

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.

Any common misclassification issue with Vegetable fats & oils – Groundnut oil – Other?

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 should mixed supplies be billed when Vegetable fats & oils – Groundnut oil – Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Vegetable fats & oils – Groundnut oil – Other; 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.