--- title: "HSN Code for Hydrogenated Castor Oil (Opal-Wax): Edible Grade | HSN 15162031 GST Rate" description: "Find HSN and GST Rates for 15162031 related to Hydrogenated Castor Oil (Opal-Wax): Edible Grade with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-15162031/" --- # HSN Code 15162031: Hydrogenated Castor Oil (Opal-Wax): Edible Grade - [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 : Hydrogenated castor oil (opal-wax) : Edible grade | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 15162031 ? It includes Hydrogenated Castor Oil (Opal-Wax): Edible Grade ### How should mixed supplies be billed when Hydrogenated Castor Oil (Opal-Wax): Edible Grade is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Hydrogenated Castor Oil (Opal-Wax): Edible Grade; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Hydrogenated Castor Oil (Opal-Wax): 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. ### How much GST applies to Hydrogenated Castor Oil (Opal-Wax): Edible Grade? Under HSN 15162031, Hydrogenated Castor Oil (Opal-Wax): Edible Grade attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Does packaging or labelling change the GST for Hydrogenated Castor Oil (Opal-Wax): 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. ### Any common misclassification issue with Hydrogenated Castor Oil (Opal-Wax): 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. ## India's trade performance: HSN Code 15162031 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore — 0.0000% of India's total exports - Imports: ₹6 Cr (+223.08% YoY) — 0.0001% of India's total imports - Trade balance: −₹6 Cr (Deficit); surplus rank #8707 of 12657 HSN codes - Share of Sub-Chapter 1516: 0.00% of its exports; import side 1.52% - Rank within Sub-Chapter 1516: #9 of 10 by export value; import-side #3 ### Key metrics - National export rank: #10437 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: 0.00% in FY 2021-22 - Contribution to Sub-Ch. 1516: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 15162031 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 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.56% | −0.87 | — | | FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.02% | 2.14 | 0.0001% | +145.98% | 1.25% | −2.04 | #9172 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −80.00% | 0.00% | 3.91 | 0.0001% | +82.71% | 1.62% | −3.89 | #9824 | | FY 2021-22 | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | 2.93 | 0.0001% | −25.06% | 0.72% | −2.91 | #10058 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | 3.87 | 0.0001% | +32.08% | 1.71% | −3.87 | — | | FY 2023-24 | Nil | 0.0000% | — | 0.00% | 1.82 | 0.0000% | −52.97% | 1.00% | −1.82 | — | | FY 2024-25 | < ₹1 Crore | 0.0000% | — | 0.00% | 5.88 | 0.0001% | +223.08% | 1.52% | −5.87 | #10437 | - CAGR (7-year): exports —/yr, imports 37.50%/yr (consistently Deficit) ## Key trade insights: HSN Code 15162031 export-import analysis ### Export snapshot for HSN Code 15162031 India exported ₹0.01 Crore worth of Hydrogenated Castor Oil (Opal-Wax): Edible Grade in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 15162031 ranked #10437 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 15162031 ranks #10437 out of 12657 HSN codes by total export value. Within Sub-Chapter 1516, it ranks #9 of 10. By trade surplus, it ranks #8707 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 15162031 exports The strongest single-year export movement for HSN Code 15162031 was recorded in FY 2021-22, when exports surged by 0.00% over the prior year. ### India records a trade deficit of ₹5.87 Crore in HSN Code 15162031 goods In FY 2024-25, India's imports of ₹5.88 Cr exceeded exports of ₹0.01 Cr, resulting in a trade deficit of ₹5.87 Crore — ranking #8707 of 12657 by surplus magnitude. ### Import growth of 37.50% CAGR signals rising demand for Hydrogenated Castor Oil (Opal-Wax): Edible Grade India's imports under HSN Code 15162031 have grown at 37.50% CAGR, reaching ₹5.88 Crore in FY 2024-25. ### HSN Code 15162031 contributes 0.00% of Sub-Chapter 1516 exports — ranked #9 Among the 10 HSN codes under Sub-Chapter 1516, HSN Code 15162031 ranks #9 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.52% share (rank #3). ## 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](https://busy.in/hsn/hsn-15162021/) | ₹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 (this hsn code) | < ₹1 Crore | | — | [HSN Code 15163000: Microbial fats and oils and their fractions](https://busy.in/hsn/hsn-15163000/) | Nil |