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.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 15162031 relates to the following description.
Animal or vegetable fats and oil sand their cleavage products;prepared edible fats;animal or vegetable waxes
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
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Edible grade
2.5%
2.5%
5%
0%
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%
Hydrogenated Castor Oil (Opal-Wax): Edible Grade does not include products with the following descriptions.
Animal fats and oils and their fractions
Vegetable fats and oils and their fractions : Cotton Seed oil : Edible grade
Vegetable fats and oils and their fractions : Cotton Seed oil : Other
Vegetable fats and oils and their fractions : Groundnut oil : Edible grade
Vegetable fats and oils and their fractions : Groundnut oil : other
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Other
Vegetable fats and oils and their fractions : Other : Edible grade
Vegetable fats and oils and their fractions : Other : Other
Microbial fats and oils and their fractions
Animal fats and oils and their fractions
Vegetable fats and oils and their fractions : Cotton Seed oil : Edible grade
Vegetable fats and oils and their fractions : Cotton Seed oil : Other
Vegetable fats and oils and their fractions : Groundnut oil : Edible grade
Vegetable fats and oils and their fractions : Groundnut oil : other
Vegetable fats and oils and their fractions : Hydrogenated castor oil (opal-wax) : Other
Vegetable fats and oils and their fractions : Other : Edible grade
Vegetable fats and oils and their fractions : Other : Other
Microbial fats and oils and their fractions
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹6 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25−₹6 Cr
Surplus rank #8707 of 12657 HSN codes
% of Sub-Chapter 1516
FY 2024-250.00%
Share of Sub-Chapter 1516’s total exports in FY 2024-25
Import side: 1.52% of Sub-Chapter 1516’s imports
Rank Within Sub-Chapter 1516
FY 2024-25#9 of 10
Position by export value among HSN codes in Sub-Chapter 1516
Import-side rank: #3 of 10
At a glance
#10437
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
0.00%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.00%
Contribution to Sub-Ch. 1516
Share of Sub-Chapter 1516 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
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
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
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
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
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
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
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
CAGR · 7-Year
Exports
—
Imports
37.50% /yr
reference, FY 2024-25
Export
₹954.15 Cr
Import
₹385.66 Cr
Trade Balance
+568.49
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.
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.
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.
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.
India's imports under HSN Code 15162031 have grown at 37.50% CAGR, reaching ₹5.88 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 15162031 and GST compliance.
It includes Hydrogenated Castor Oil (Opal-Wax): Edible Grade
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).
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.
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.
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.
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.