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HSN Code 15162031: Hydrogenated Castor Oil (Opal-Wax): Edible Grade

HSN Code 15162031 represents Hydrogenated Castor Oil (Opal-Wax): Edible Grade under GST classification. This code helps businesses identify Hydrogenated Castor Oil (Opal-Wax): Edible Grade correctly for billing, taxation, and trade. With HSN Code 15162031, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hydrogenated Castor Oil (Opal-Wax): Edible Grade.

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Description of Goods for HSN Code 15162031

HSN Code 15162031 relates to the following description.

Description of Goods

Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : 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 15162031 not include?

Hydrogenated Castor Oil (Opal-Wax): Edible Grade 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 15162039

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

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India’s Trade Performance — HSN Code 15162031 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

< ₹1 Crore

+1,000.00% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹4 Cr

−32.82% vs FY 2024-25

0.0001% of India’s total imports

Trade Balance

FY 2025-26

−₹4 Cr

Trade Deficit

Surplus rank #8591 of 12872 HSN codes

% of Sub-Chapter 1516

FY 2025-26

0.01%

Share of Sub-Chapter 1516’s total exports in FY 2025-26

Import side: 0.58% of Sub-Chapter 1516’s imports

Rank Within Sub-Chapter 1516

FY 2025-26

#9 of 10

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

Import-side rank: #4 of 10

At a glance

#9828

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+1,000.00%

Peak Growth Year

FY 2025-26 · strongest single-year move

0.01%

Contribution to Sub-Ch. 1516

Share of Sub-Chapter 1516 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 15162031

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19

Balance

−0.87

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1516

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.56% of Sub-Ch. 1516

FY 2019-20 Exp. Rank #9172

Balance

−2.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 1516

Imports

2.14 ₹ Cr

0.0001% share

+145.98% YoY

1.25% of Sub-Ch. 1516

FY 2020-21 Exp. Rank #9824

Balance

−3.89

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−80.00% YoY

0.00% of Sub-Ch. 1516

Imports

3.91 ₹ Cr

0.0001% share

+82.71% YoY

1.62% of Sub-Ch. 1516

FY 2021-22 Exp. Rank #10058

Balance

−2.91

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 1516

Imports

2.93 ₹ Cr

0.0001% share

−25.06% YoY

0.72% of Sub-Ch. 1516

FY 2022-23

Balance

−3.87

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1516

Imports

3.87 ₹ Cr

0.0001% share

+32.08% YoY

1.71% of Sub-Ch. 1516

FY 2023-24

Balance

−1.82

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1516

Imports

1.82 ₹ Cr

0.0000% share

−52.97% YoY

1.00% of Sub-Ch. 1516

FY 2024-25 Exp. Rank #10437

Balance

−5.87

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1516

Imports

5.88 ₹ Cr

0.0001% share

+223.08% YoY

1.52% of Sub-Ch. 1516

FY 2025-26 Exp. Rank #9828

Balance

−3.84

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,000.00% YoY

0.01% of Sub-Ch. 1516

Imports

3.95 ₹ Cr

0.0001% share

−32.82% YoY

0.58% of Sub-Ch. 1516

CAGR · 8-Year

Exports

—

Imports

24.13% /yr

Consistently Deficit
Sub-Chapter 1516 total

reference, FY 2025-26

Export

₹967.76 Cr

Import

₹679.00 Cr

Trade Balance

+288.76

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

Key Trade Insights: HSN Code 15162031 Export-Import Analysis

Export Snapshot for HSN Code 15162031

India exported ₹0.11 Crore worth of Hydrogenated Castor Oil (Opal-Wax): Edible Grade in FY 2025-26. Multi-year trend data is being compiled for this hsn code.

HSN Code 15162031 Ranked #9828 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 15162031 ranks #9828 out of 12872 HSN codes by total export value. Within Sub-Chapter 1516, it ranks #9 of 10. By trade surplus, it ranks #8591 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 15162031 Exports

The strongest single-year export movement for HSN Code 15162031 was recorded in FY 2025-26, when exports surged by 1,000.00% over the prior year.

India Records a Trade Deficit of ₹3.84 Crore in HSN Code 15162031 Goods

In FY 2025-26, India's imports of ₹3.95 Cr exceeded exports of ₹0.11 Cr, resulting in a trade deficit of ₹3.84 Crore — ranking #8591 of 12872 by surplus magnitude.

Import Growth of 24.13% CAGR Signals Rising Demand for Hydrogenated Castor Oil (Opal-Wax): Edible Grade

India's imports under HSN Code 15162031 have grown at 24.13% CAGR, reaching ₹3.95 Crore in FY 2025-26.

HSN Code 15162031 Contributes 0.01% 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 0.01% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.58% share (rank #4).

Frequently Asked Questions

Clear answers to common queries about HSN Code 15162031 and GST compliance.

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.

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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.